Dear user:
The "Mainnet REX 2.0 Proposal" initiated by the EOS Foundation has been implemented at 00:00:00 on July 8, UTC. After the mainnet upgrade, the Newpool team adjusted the staking process of the EOS mining pool according to the new mainnet rule changes. The upgrade has been basically completed and users can operate normally on the Newpool page.
During the mainnet upgrade, the staked Rex on chain has been automatically converted into EOS and returned to the user's account. Users who have previously staked need to claim the tokens and complete the re-staking. To ensure a smooth transition for users, Newpool has designed a "one-click upgrade" function. Hereby remind users to authorize in the pop-up window on the Newpool page as soon as possible, restake into the Newpool mining pool, and earn higher staking returns.
Newpool kindly reminds all users that in the new mainnet rules, the REX staking lock-up period has been changed from 4 days to 21 days. The specific rule changes are as follows: "From 4 days after buying REX, the sale will be credited to the account immediately" to "You can buy and sell REX at any time, and it must be locked on the mainnet for 21 days after selling. During the lock-up period, you can still enjoy the mining rewards; after the expiration, you will no longer enjoy the rewards, and you must manually claim it to your account."
Under the new rules, users' staking income has been greatly improved. Currently, the annualized income of staking in Newpool is as high as 66.8%. Newpool users need to complete the "re-staking" operation as soon as possible to avoid missing out on higher staking income (failure to re-stake is equivalent to not performing voting actions, so there is no Rex+BP rewards). It definitely will be a wise choice for long-term coin holders to complete staking in the Newpool EOS pool and win high annualized staking rewards.
Thank you for your trust and support. Newpool will continue to accompany EOS users and provide a safe solution for your EOS token appreciation.
Newpool team
July 13, 2024
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