Rewards
Escrowed MOX
Escrowed MOX (esMOX) can be used in two ways: 1.Staked for rewards similar to regular MOX tokens
2.Vested to become actual MOX tokens over a period of one year
Each staked Escrowed MOX token will earn the same amount of Escrowed MOX and 20% fees revenue
Note that Escrowed MOX (esMOX) is not meant to be transferable unless you are doing a full account transfer. The amount of MOX or MLP required to vest esMOX is unique per account and capped to the rewards received by that account. Please do not buy esMOX off the market or OTC as you will not be able to vest them.
Vesting
esMOX's holders can choose to vest their esMOX tokens to receive MOX. esMOX vests linearly and will take one year to fully convert to MOX tokens.
1.Users can claim vested esMOX at anytime 2.Users will be able to cancel vesting at any time. Unvested esMOX tokens can be returned to staking for rewards
Example:
1.Let's assume Alice has 100 esMOX & Alice chooses to vest her entire 100 esMOX holdings.
2.After 26 weeks of vesting (0.5 year), Alice can now claim 50 MOX tokens while the remaining 50 esMOX remain to be converted.
3.At that time, if Alice chooses to cancel her vesting. She can claim the following:
-50 MOX tokens -50 esMOX tokens will be returned to staking
There are two options for rewards on https://dapp.modemax.io/#/earn: "Compound" and "Claim". Compounding will stake your pending Escrowed MOX rewards, this will increase the amount of rewards you receive.
Claiming will transfer any pending Escrowed MOX rewards and rewards to your wallet. If you compound or stake your Escrowed MOX tokens, you can unstake them for vesting at any time later on.
Last updated