Staking Guide Points
What is the Staking program?
Staking is when you, as a user of bmy.guide who holds Guide Points, lock your Guide Points for a specific duration, and as a result, you earn additional Guide Points in return.
With the Staking Program, you can earn a 12% annual return on the amount of Guide Points you stake.
Who’s eligible for the Staking Program?
Our Staking Program is open to all users who have an active account and hold Guide Points.
How to add Guide Points to staking
It’s easy! Just follow these steps:
- Head over to the ‘Wallet’ section and locate the ‘Staking’ feature. Then, simply click ‘Start Staking.’
- Carefully review and understand the information presented on the following five screens. Afterwards, click ‘Let’s Go.’
- Select the amount you wish to stake (a minimum of 25,000 Guide Points and a maximum of 1,000,000 Guide Points) and hit ‘Add to Staking.’
- On the next screen, as an additional confirmation, you’ll be asked to read and checkmark each box.
- Click ‘Stake,’ and you’re good to go!
What reward do I receive?
You will earn a 12% annual return on your staked amount. The rewards are deposited daily into your wallet balance.
What is the minimum and maximum amount I can add to staking?
You can stake a minimum of 25,000 Guide Points and a maximum of 1,000,000 Guide Points
Other information you should know
- When you participate in the staking program, you lock your Guide points for a fixed duration of 365 days. During this period, your Guide Points are securely locked away from your wallet.
- Adding Guide Points to staking will not affect or downgrade your VIP Membership status. However, increasing your Guide Points balance through staking (or through buying) can potentially upgrade your VIP Membership status.
- You can only contribute to staking once. After you have staked, you cannot add more Guide Points to your staking pool.
- Your rewards will be deposited into your wallet balance on a daily basis, starting the day after you have initiated the staking process. You will receive a notification once the rewards have been deposited.
- To track the progress of your staked amount, you can visit the Wallet section and navigate to ‘Total staking rewards.’
- At the end of the staking period, you will receive the initial quantity of Guide Points that you staked.
- Participation in the Staking Program is limited to users with activated accounts.
Additional Terms and Conditions
To ensure that you qualify for the Staking Program, it’s important to fully understand how the program works, as outlined below.
The Staking Program will be active from September 5, 2023. To qualify for this program you must meet all the specified criteria during this program’s duration. Failing to do so, or only partially meeting the criteria, will result in the loss of rewards.
Who can participate in the Staking Program?
The Staking Program is open to users with activated accounts, who hold Guide Points. Anyone interested in joining the Staking Program can purchase Guide Points directly from the app’s Wallet, by heading over to the ‘Buy Guide Points’ section.
Other information you should know
1. We reserve the right to, at our sole discretion, suspend, terminate, or modify these terms and conditions without prior notice.
2. These terms are officially published in English, and any translations are provided for convenience only. This implies that you cannot derive any legal rights from translated versions, and only the English version is valid in legal proceedings.
3. The Reward will be credited to your account balance on a daily basis.
4. To qualify for the Staking Program, you must adhere to these terms and conditions as well as any other applicable terms and conditions related to your account.
5. In the unfortunate event of losing access to your account and being unable to recover it, both your staked amount of Guide Points and any associated rewards will be permanently forfeited.
6. These terms and conditions constitute an agreement between you and bmy.guide company. If you have any questions or concerns regarding this Promotion, please don’t hesitate to contact us via email at support@bmy.guide.
