Staking Power formula:
[MAX Token balance * 1 + (stake A * (1 + stake A's aging boost) + stake B * (1 + stake B's aging boost) + .... ) * 5 ]
Example:
Scenario 1 - multiple stakings:
Users hold 100 MAX Tokens, the first has been staked for 1 month, the second has been staked for 1 week, and the third has been staked for less than 1 day. The staking power is 1775.
100 * 1 + [100 * (1 + 25%) + 100 * (1 + 10%) + 100 * (1 + 0%) ] X 5 = 100 + 1675 = 1775
Scenario 2 - one-time staking:
Users hold 100 MAX Tokens, and a one-time staking of 300 MAX Tokens has been staked for 1 month, the second has been staked for 1 week, and the third has been staked for less than 1 day. The staking power is 1975.
100 * 1 + [300 * (1 + 25%) + 300 * (1 + 10%) + 300 * (1 + 0%) ] X 5 = 100 + 1875 = 1975
Scenario 3 - Holding only
Users hold 400 MAX Tokens without staking them. The staking power is 400.
400 * 1 + 0 * 5 = 400 + 0 = 400
MAX Exchange encourages users to become long-term MAX Token holders. We specifically design the aging boost component within the staking power formula to distribute more rewards as users stake longer.
Please note holding and staking rewards follow the ratio of individual staking power over total staking power for reward calculation purposes. If all other users’ staking power maintains the same growth, the rewards for each stakers will not be higher than the others necessarily based on the staking duration.