Coin98 Staking V1 Updates

Dear Coin98 Community,

We are excited to share that our transition from Staking V1 to V2 has received strong support from the community. The Coin98 PowerPool has achieved an impressive milestone of over $5 million in Total Value Staked in just one week!

Previously, we informed all V1 stakers that they needed to withdraw their tokens and claim rewards by 4:00 PM UTC on December 30, 2024. This update will explain how stakers will easily receive their rewards through the Coin98 Vault.

Vault Claim for Coin98 Stakers with Early Redemptions

To ensure fair rewards for stakers, instead of the usual 2% floating rate for early staking redemption, rewards will now be calculated based on the package rate multiplied by the actual staking duration. 

Vault Claiming Details

• The snapshot was taken at 4:00 UTC on December 30, 2024, capturing all wallets that have early staking redemptions from December 18, 2024 to December 30, 2024.
• If an address has staked across multiple networks, all rewards will be consolidated and distributed via the Coin98 Vault to stakers’ Viction wallets.

Example: You stake a 1-year package with a rate of 12% per year.

If you unstake after 10 months, instead of receiving a 2% floating rate, your total rewards are = 12% × (10/12 month) = 10%.

When you unstake within December 18 to December 30, 2024, you’ve already received the initial 2% floating rate.  The remaining 8% will be added to your claimable rewards via Coin98 Vault .

• When Can You Claim?

You can claim your rewards via Coin98 Vault directly through the Coin98 Super Wallet from Jan 9, 2025.

• How to Claim Rewards

1. Open the Coin98 Super Wallet.

2. Open Discover > Services > Vault. 

3. Select the staking Viction wallet and claim your reward.

Detailed instructions on How to claim tokens on Coin98 Vault.

Unstaking Period Extended

Since some stakers missed the original unstaking deadline, we’ve extended it to 4:00 UTC on January 30, 2025. Stakers who unstake after December 30, 2024, will be included in a second snapshot at 4:00 UTC on January 30, 2025, and can claim their assets and rewards through the Coin98 Vault later.

If you have any issues, please contact our Support Team via this link: https://livechat.coin98.com/ 

Make sure to manage your staking activities before the deadline to ensure you receive your rewards. Thank you for being part of the Coin98 Community!

About Coin98 Super Wallet

Coin98 is an open, decentralized, and secure crypto messenger and AI wallet that provides the essential tools, and infrastructure for everyone to enter and participate in any opportunities on the Open Internet, so they can build and shape their own future. 

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