Locking Rewards

Locking: By locking your CheemsX token for a prespecified duration, you earn more rewards than staking. You can claim your rewards anytime but you will be only able to get your original token back from the contract after the lockup period is over. If you need to have access to your cheemsX token anytime, then do not use this lockup option (instead use Staking as above). Lookup with give additional privileges like whitelisting for NFT mint and many similar access to our future features or utility release.

CheemsX token contract cannot mint any new tokens. All token that can even exist is already in circulation. How the contract can give you extra rewards if you lock up? Thanks to our innovative LPDriver contract. Because LPDriver is the biggest holder, it always gets more reflection than any other regular wallets. Unlike selling those token by insiders as in may other projects, our protocol gives those LPDriver reflections back to our community and token holder who wants some extra rewards for staking, locking and NFT nodes.

Lockup Duration: (Remember, you cannot get your original token back until lockup period is over. But you can claim your rewards anytime)

1 month

3 months

6 months

12 months

If you consider our staking reward amount is base of 1x, then longer you lockup, better the rewards. Below is an example case scenarios with 2 different assumptions:

Remember, the above example is just illustration purpose. Actual reflection and staking rewards might be higher and lower depending on daily volume, current tax rate, total holder counts, amount of token you hold or stake, current distribution period, reward pool size etc.