/_next/static/media/1INCH.f548940e.svg-price-marquee1INCH/_next/static/media/AAVE.8bdc1e23.svg-price-marqueeAAVE/_next/static/media/ADA.2b5390d0.svg-price-marqueeADA/_next/static/media/ALGO.429e26b9.svg-price-marqueeALGO/_next/static/media/APE.2bb07d55.svg-price-marqueeAPE/_next/static/media/ARB.c374ca89.svg-price-marqueeARB/_next/static/media/ATOM.6448b1ae.svg-price-marqueeATOM/_next/static/media/AVAX.3692f54e.svg-price-marqueeAVAX/_next/static/media/BAND.93829565.svg-price-marqueeBAND/_next/static/media/BAT.2f77ff6a.svg-price-marqueeBAT/_next/static/media/BCH.1ef8a5da.svg-price-marqueeBCH/_next/static/media/BTC.8fa897a7.svg-price-marqueeBTC/_next/static/media/CELO.c557cee5.svg-price-marqueeCELO/_next/static/media/COMP.9a95d2d2.svg-price-marqueeCOMP/_next/static/media/COVAL.9cb46e85.svg-price-marqueeCOVAL/_next/static/media/CRV.d2867970.svg-price-marqueeCRV/_next/static/media/DAI.1ec2c1f1.svg-price-marqueeDAI/_next/static/media/DNA.60f3295e.svg-price-marqueeDNA/_next/static/media/DOT.2c404454.svg-price-marqueeDOT/_next/static/media/ENJ.95d6f2b3.svg-price-marqueeENJ/_next/static/media/ETH.7f19530c.svg-price-marqueeETH/_next/static/media/FLUX.a18e8fe1.svg-price-marqueeFLUX/_next/static/media/GRT.86b53d4f.svg-price-marqueeGRT/_next/static/media/HBAR.53be5454.svg-price-marqueeHBAR/_next/static/media/HTR.9e688fdb.svg-price-marqueeHTR/_next/static/media/KDA.6a0e5424.svg-price-marqueeKDA/_next/static/media/KSM.e3d7cee5.svg-price-marqueeKSM/_next/static/media/LINK.b45559ae.svg-price-marqueeLINK/_next/static/media/LRC.7dc6e3a4.svg-price-marqueeLRC/_next/static/media/LTC.f25eedcc.svg-price-marqueeLTC/_next/static/media/LTO.f7cdcd13.svg-price-marqueeLTO/_next/static/media/MANA.5a8eb80d.svg-price-marqueeMANA/_next/static/media/MATIC.e5d1467d.svg-price-marqueeMATIC/_next/static/media/MKR.3b4a857b.svg-price-marqueeMKR/_next/static/media/NEAR.d8e4a184.svg-price-marqueeNEAR/_next/static/media/NMR.c3e8608d.svg-price-marqueeNMR/_next/static/media/NOIA.fad17fe6.svg-price-marqueeNOIA/_next/static/media/NXRA.41b00fc1.svg-price-marqueeNXRA/_next/static/media/OCEAN.428884dd.svg-price-marqueeOCEAN/_next/static/media/OMG.1aab174f.svg-price-marqueeOMG/_next/static/media/OP.3f626481.svg-price-marqueeOP/_next/static/media/PRQ.b3bbb60f.svg-price-marqueePRQ/_next/static/media/PRQB.00884b40.svg-price-marqueePRQB/_next/static/media/QNT.ac30c15d.svg-price-marqueeQNT/_next/static/media/QRDO.d3f40a4b.svg-price-marqueeQRDO/_next/static/media/SAND.6b1ccaff.svg-price-marqueeSAND/_next/static/media/SNX.7018836b.svg-price-marqueeSNX/_next/static/media/SUSHI.c550036f.svg-price-marqueeSUSHI/_next/static/media/THT.d0ae324c.svg-price-marqueeTHT/_next/static/media/UNI.d6228c4e.svg-price-marqueeUNI/_next/static/media/UOS.2890b316.svg-price-marqueeUOS/_next/static/media/USDC.e8d8597d.svg-price-marqueeUSDC/_next/static/media/VSP.d65cacc5.svg-price-marqueeVSP/_next/static/media/VXV.d0b97bcd.svg-price-marqueeVXV/_next/static/media/WHL.67715cfb.svg-price-marqueeWHL/_next/static/media/XCM.5e3640ca.svg-price-marqueeXCM/_next/static/media/XLM.d1f43c2e.svg-price-marqueeXLM/_next/static/media/XRP.915611ce.svg-price-marqueeXRP/_next/static/media/XTZ.14b588ea.svg-price-marqueeXTZ
Go back to home

Coinmetro

I'm new to crypto!

Changes to the FLUX Staking Plan

by Kamil S

Share

The Flux Network Halving Process

Due to the recent changes in the Flux Network and its native asset FLUX, the Annual Percentage Return (APR) of FLUX staking plans at Coinmetro has been updated. Read below to understand the changes.

What is the Flux Network and FLUX Halving?

The Flux Network is a decentralized network providing users with an efficient and secure way to access financial services. FLUX is the native asset of the Flux Network and operates similarly to Bitcoin in its halving process. Every 655,350 blocks, the Flux Network halves the block reward, reducing the reward amount and creating a deflationary asset. The recent halving has reduced the FLUX block reward from 75 FLUX to 37.5 FLUX.

Impact on Coinmetro’s FLUX Staking Plans

As a consequence of the recent FLUX halving, the APR of all FLUX staking plans at Coinmetro is also being modified. Starting February 14, all FLUX staking plans at Coinmetro will have the following APRs:

  • 1 month – 1.2%
  • 3 months -1.5%
  • 6 months – 1.8%
  • 1 year – 2.1%

The change becomes effective on February 14. Already assigned staking rewards will not be affected. 

This change is necessary to reflect the recent transformation in the Flux Network and its native asset FLUX. It’s important to note that the recent FLUX halving causing the reduction of the APR is an external event taking place with the Flux Network and is outside of Coinmetro’s control. 

Stay close to the Coinmetro community on our Discord and Telegram channels. Should you need any help, feel free to reach out to our world-class Customer Support Team via 24/7 live chat or email at hello@coinmetro.com.

To become a Coinmetro user today,  Sign-Up now, or head to our new Exchange if you are already registered and experience our premium trading platform.

0

Related Articles

NFT Art Galleries: Revolutionizing Digital Art Ownership

NFT art galleries have seen significant growth, with the market for NFTs projected to reach over $80 billion by 2025, according to a report by…

Intermediate
Metaverse, Web3, NFT

6m

The Evolution of Synthetic Assets in DeFi: Opportunities and Risks

The decentralized finance (DeFi) market has seen explosive growth, surging from $1 billion in total value locked (TVL) in early 2020 to $100 billion…

Advanced
Financial competence

7m

Smart Contract Vulnerabilities: Case Studies of Major Exploits

Smart contracts are automated agreements embedded in blockchain technology. They execute the terms of a contract when certain conditions are met,…

Intermediate
Security & Privacy

7m

Decentralized File Storage Solutions: IPFS & Filecoin

Decentralized file storage distributes data across multiple physical locations, often managed by different entities. Unlike traditional file…

Intermediate
Crypto & blockchain

8m