Maximizing Your Earnings: An Introduction to Communis, the New ERC20 Token for Hex Stakers
Communis is a new ERC20 token on the Ethereum network that is designed to incentivize better staking behavior among Hex holders. The token is minted based on the shares of an individual’s stake and is exclusively distributed to long-term stakers who fulfill their commitment. This is because Communis aims to promote positive staking habits in the community and reward those who hold their stakes for an extended period of time.
How is Communis Distributed and How to Qualify for Bonuses
Communis is distributed through five different methods: Start Bonus, End Bonus, Good Accounting Bonus, Restake Bonus, and Staking Communis Bonus. Any currently active stake may qualify to mint these bonuses. The Start Bonus, for example, is a payout of 5-25% of the End Bonus, based on the number of staked days. To qualify for the Start Bonus, a stake must have a minimum of 180 staked days and be in a locked and active state. However, there is a penalty for waiting to mint the Start Bonus, as the payout percentage is reduced depending on the distance between the stake’s Share Rate and the current Global Share Rate at the time of the Start Bonus mint.
There is NO RUSH to claim https://t.co/pF1bs7GDIm. Waiting to see how things shake out can’t hurt. No early bonuses, Start Bonus penalties for existing stakers are negligible. Using test wallets seems fine. Definitely watching #COM. It’s totally optional.https://t.co/RbT62pRDVW
— Crypto Coffee ⬣ (@CryptoCoffee369) January 10, 2023
The Different Methods of Minting Communis
The End Bonus is a 100% payout of available payout minus the percentage of the Start Bonus already minted. To qualify for the End Bonus, a stake must have a minimum of 365 staked days, fulfill 100% of staked days commitment to mint, mint within 37 days of the stake’s Due Day, and have Staking Communis greater than or equal to accumulated End Bonus Debt. The End Bonus payout is reduced depending on the number of staked days.
For example, a stake with 365 staked days would receive 6.5% of the End Bonus payout, while a stake with 5555 staked days would receive 100% of the End Bonus payout.
Long-term Staking and Maximizing Your Earnings
Communis is read-only, meaning that there is no wrapping or encapsulating of stakes. It is mintable only to stakes whose ownership can be provably signed for, and there are no admin keys or additional Origin Addresses. Additionally, there are no extra “found-me-first” bonuses, and tokenized shares are given only to long-term stakers.
In conclusion, Communis is a new token that aims to promote positive staking habits among Hex holders. It is exclusively distributed to long-term stakers who fulfill their commitment and is minted based on the shares of an individual’s stake. The token is distributed through five different methods, each with its own set of requirements and penalties to encourage responsible staking behavior. By rewarding those who hold their stakes for an extended period of time, Communis aims to create a community of dedicated and committed stakers.
If you’re currently staking or plan on staking HEX, you may want to visit the Communist website to Claim Your Free Tokens, and DON’T forget to mint your Free tokens before you end your HEX Stakes!
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