Dear OKX Users,
We’re excited to announce the launch of the NYM Simple Earn product on June 16, 2023 (11:00 HKT). This new feature allows you to easily stake your NYM tokens and earn attractive rewards through locked staking.
NYM Staking Options
| Asset | Duration | Total Limit | Minimum Stake | Maximum Stake | Estimated APR |
|---|---|---|---|---|---|
| NYM | 3 days | 80,000,000 NYM | 0.01 NYM | 2,000 NYM | 9.73% |
| NYM | 30 days | 26,000,000 NYM | 0.01 NYM | 1,500 NYM | 18.02% |
How to Participate
- Web Platform: Navigate to Financial Services > Earn, then search for NYM
- Mobile App: Go to Finance > Earn, then search for NYM
👉 Start earning with NYM staking today
Important Terms and Conditions
- Account Verification:
- Users must complete Advanced Verification (or higher level KYC)
-
Check your verification status in account settings
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Geographic Restrictions:
-
Not available to residents of:
- United States (including all territories)
- Hong Kong, Cuba, Iran, North Korea
- Crimea, Sudan, Malaysia, Syria
- Bangladesh, Indonesia, Bolivia
- Ecuador, Kyrgyzstan, Botswana
- Ghana, Kenya, Nigeria
- Switzerland, South Africa, Zimbabwe, Malta
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Additional Notes:
- Users are responsible for all applicable taxes
- OKX reserves the right to modify terms or cancel the program
- The company isn’t liable for technical or typographical errors
Why Stake NYM on OKX?
- High Yield Potential: Earn up to 18.02% APR
- Flexible Options: Choose between 3-day or 30-day terms
- Low Barrier to Entry: Start with just 0.01 NYM
- Trusted Platform: Benefit from OKX’s secure infrastructure
👉 Discover more earning opportunities
Frequently Asked Questions
Q: What is the minimum staking amount for NYM?
A: You can start with as little as 0.01 NYM.
Q: How often are rewards distributed?
A: Rewards are calculated daily and distributed upon maturity.
Q: Can I unstake my NYM before the term ends?
A: No, these are locked staking products with fixed terms.
Q: Is there any risk to my staked NYM?
A: While staking carries inherent risks, OKX employs robust security measures.
Q: When will my rewards be available?
A: Rewards become available in your account immediately after the staking period concludes.
Q: Can I participate from any country?
A: No, please check the geographic restrictions listed above.
Final Thoughts
The NYM Simple Earn product offers cryptocurrency holders an excellent opportunity to generate passive income through secure staking. With flexible duration options and competitive yields, it’s an attractive option for both new and experienced investors.
Remember to consider your investment goals and risk tolerance before participating. OKX remains committed to providing innovative financial products that help users maximize their crypto assets.
For the latest updates on staking products and other services, visit our official website regularly.