Earn Passive Income by Staking MOBIX Reward Tokens!

by | Dec 14, 2021

The MOBIX stakedrop for FET stakers is slowly coming to an end. If you want to earn more MOBX after the stakedrop, you can earn MOBIX miles by completing micromobility trips – and, you can also stake your MOBX in the MOBIX wallet with the brand new staking feature!

Starting December 21st 2021, users of the MOBIX app will be able to easily stake their freshly claimed MOBX tokens with the MOBIX wallet. The new MOBIX staking mechanism is designed as an incentive to secure the stability of the MOBX token. Staking MOBX will be super easy and only available via the MOBIX apps (download on App Store or Google Play).

This is how it will work:

  • You can stake your MOBX at any time you choose.
  • You can stake any amount of MOBX you wish.
  • Once staked, for as long as tokens remain staked, you will earn MOBX rewards.
  • You can claim your MOBX rewards and re-stake them to earn even more MOBX (compounding).
  • You can withdraw any amount of staked MOBX tokens after a three-week lock-up period. This lock-up period is also called the bonding period and will be familiar to people who already know the process for staking & unstaking FET.
  • You are free to stake additional amounts at any time.

The new staking comes with a complete app front-end. In order to stake, you need your MOBX tokens to be in your MOBIX wallet.

Save the date: On December 20th 23rd, 2021, MOBX holders can download/update their MOBIX app to access the new staking feature! Download on App Store or Google Play!