⌚Early Unstaking

Flexibility with Foresight: Early Unstaking in SALTZ

Embrace the beauty of choice with SALTZ. While the magic unfolds over a 7-day staking period in locked staking, we understand life's unpredictabilities. If you decide to access your SALTZ earlier, there's an option just for you.

Opt for early unstaking, and a minor 1% fee ensures continuous vitality in our staking reward pool. Your early move fuels the rewards for the community. Flexibility, with a sprinkle of foresight, that's the SALTZ way. Dive in and tailor your staking journey!

For instance, If a user has staked 10 SALTZ and the user wishes to unstake the amount after a day, the user would have to pay a 1% tax on the initial amount staked. The 1% tax will always be deducted from the initial amount staked, the user's rewards earned per crysticals whilst the time the token were staked will remain unchanged and let's assume that the accumulated rewards per crysticals is 8 SALTZ. Then,

Tax on early unstaking = (Initial Amount Staked - 1% tax) + rewards recieved per crystical

= (10 SALTZ - 1% tax) + 8 SALTZ

1% tax of the initial amount will be 0.1 SALTZ

= (10 SALTZ - 0.1 SALTZ) + 8 SALTZ

= 9.9 SALTZ + 8 SALTZ

= 17.9 SALTZ

Therefore, the user will receive 17.9 SALTZ in total upon unstaking including the rewards generated whilst the time SALTZ was staked and excluding the 1% tax on early unstaking.

However the users have an option to redeem the rewards earned with staking the coins in their wallet which are earned on every minute of staking & added to the rewards wallet. Users just have to click on the redeem button to withdraw the rewards earned from their wallet. However, transactions like redeem requires gas fees to process the transaction.