Zignaly opens ‘ZIG Vault’ staking with 750K ZIG in pool rewards

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Zignaly (ZIG/USD), a social investment platform offering new crypto investors the opportunity to invest alongside top crypto traders, has unveiled its staking vault for October.

The platform’s ZIG Vault, with a reward pool of 750,000 ZIG for the month, will run from 00:00 UTC on 1 October to 23:59 UTC on 30 October, 2022, the team announced recently. Reward distribution will start at 0:00 UTC, on 1 November, 2022 and end on 30 November, 2022 at 23:59 UTC. Zignaly will handle the reward distribution at a 24-hour frequency.

Stake ZIG and earn passive income

According to Zignaly, investors looking to earn part of the 750k ZIG reward only have to stake a minimum of 2,000 ZIG via the platform’s staking program. Once this is done, stakers stand a chance to earn rewards from the pool proportional to their staked assets.

This way, a ZIG holder adds a passive income stream to their plans, with the monthly staking vault program available to all ZIG holders.

To participate one needs to deposit ZIG to their Zignaly wallet. Those looking to buy ZIG tokens can do so on Zignaly.com or any of the several major platforms that list the token, including Huobi, Gate.io, AscendEX, MEXC and Bitget.

ZIG Vault also supports un-staking.

While staked ZIG will be locked and auto-redeemed on 31 October, investors can choose to un-stake after 7 days at a 0% withdrawal fee.

Apart from this, one can opt for ‘fast’ un-staking  that’s available after 2 days at a 2% withdrawal fee, or go for ‘instant’, which means you can un-stake the same day but incur a 5% withdrawal fee.

Zignaly products

Zignaly’s products include Crypto Profit Sharing, Crypto Copy Trading, Crypto Signals and Zignaly Bridge, with ZigDAO launched in June this year.

As covered here in September, Zignally has another product, ZIGBids on Polygon, which allows investors to participate in the DeFi ecosystem.

The post Zignaly opens ‘ZIG Vault’ staking with 750K ZIG in pool rewards appeared first on Invezz.

from Cryptocurrency – Invezz

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