REX

STEP ONE

Create a wallet

 

Just like in real life, you need a place to store your currency in the digital world: a WALLET. This is where you store your cryptos, receive and send payments, and manage your transactions.

There are a variety of different wallet providers from which you can choose freely. We recommend METAMASK: fast, easy, free and anonymous, available as a browser extension and as an app for IOS and Android. All you need is about 10 minutes to complete the registration process.

 

Don't have a wallet yet?, then CREATE WALLET NOW

Wallet already available?,  CONTINUE TO STEP 2

 

IMPORTANT:
A wallet is not a bank. As with your wallet, you alone have sovereignty and access to your WALLET. So make a good note of the 12 security words in the sign-up process and keep them in a safe place. These words will be your recovery key in case you forget your password or want to set up your wallet on other devices. You can find step-by-step instructions here.

STEP 2

Deposit BNB/BUSD into WALLET

To exectue REX functions, you need BNB, the lead cryptocurrency of the 'BNB Smart Chain'. BNB is also a blockchain-based currency, making it decentralized, anonymous and secure. This token is used to pay the gas fees (transaction costs), which is why you should always have a little of it in your wallet. If you already have crypto experience, you know how acquiring BNB works. Simply choose the exchange of your choice and convert your funds into BNB. But make sure you set up the BNB Smart Chain (BSC) network for your transactions. You can learn how to do that here.

 

While BNB is needed to pay for the transactions, BUSD is used to interact with the REX Smart Contract. This cryptocurrency is a regulated, fiat-backed stablecoin pegged to the U.S. dollar. This means that the value of a BUSD is always exactly equal to the value of a real dollar. Buying and transferring BUSD works in exactly the same way as with BNB and is required, for example, to buy a stake on the STAKE DEX. 

 

YOU DON'T OWN CRYPTOCURRENCY YET?
Then you first need to convert your desired investment amount from a fiat currency (e.g. Euro, US Dollar, Swiss Franc, etc.) to cryptocurrency (BNB/BUSD). You can easily do this on the well-known exchange platform BINANCE via Credit/Debit Card. On BINANCE, you can also exchange your cryptocurrency back into any fiat currency later. After you have purchased BNB/BUSD in your Binance account, you can easily transfer them to your wallet in seconds.  You can find step-by-step instructions here.

 

NOTE: Please have your ID or passport, a camera, and access to your email or SMS ready to register at Binance.

STEP 4

Invest or trade REX

 

REX was primarily created to provide a reliable and long-term crypto investment opportunity for those who want to invest their money safely without much effort and insider knowledge and benefit from attractive rewards. The cryptocurrency is therefore designed in such a way that investors should benefit the most from REX. In this way, both the value stability of REX and maximum returns for investors are to be ensured in the long term ("Longer Pays Better" principle). Nevertheless, every REX owner has two options:

 

1. STAKING:
Invest your REX tokens as a "fixed deposit" and benefit from attractive rewards without much effort. Click on "Invest" and follow the instructions. The longer you stake, the more rewards you will receive (longer pays better). Nevertheless, you retain maximum flexibility: If you want to profit from your rewards during the term (for example, to bridge liquidity bottlenecks), you can withdraw already earned staking rewards at any time and have it paid out. For more information, see Step 5

 

Learn more about staking here.

 

2. TRADING:
You hold the REX in your wallet and speculate, as on the normal stock exchange, on a price increase of the REX coin, in order to sell it again, e.g. on pancakeswap.finance or poocoin.app or dextools and such.

STEP 5

End REX investment & receive profits

 

In the STAKING section of REX website you can view the current status of your active stakes at any time: Capital stock, remaining term, earned rewards, current and average reward rate. To end a stake or to skim your profits you have different options:

 

1. CLOSE the investment
You can close your stake at any time. The entire stake principal and all rewards accumulated are minted back to the user.

If the stake is closed later than 14 days after maturity, the rewards are penalized by 1% per week thereafter.

Closing a stake before maturity will incur a penalty on the stake's principal. The remaining REX are minted back to the user along with all rewards accumulated thus far.

To close a stake, click on the stake's "Actions" and "Close". A preliminary overview appears with the generated earnings, rewards and the final distribution amount. By another click on "Close stake", the mentioned amount will be credited to your wallet. Alternatively, you may abort the process.

 

Learn more about closing your stake here.

 

2. WITHDRAW staking rewards
As an alternative to the premature termination of a stake, REX offers the possibility to withdraw accumulated staking rewards partly or completely at any time. If you want to profit from your earned rewards during the term of the stake (e.g. to bridge liquidity shortages), you can withdraw them at any time.

The special feature: Your stake remains active and you avoid possible penalties due to premature liquidation. (see note under "CLOSE").

 

Learn more about withdrawing rewards here.

 

NOTE: Please note, however, that your stake will lose reward power proportionally due to the amount of REX withdrawn (shares are deducted) and will therefore yield less rewards in the future. In any case, your REX deposit (principal) will remain fully intact and will be returned to you after the selected staking period.

 

3. TRANSFER / SELL a stake
You can also transfer your stake, including all reward conditions and accrued reward income, to a third party, by clicking "Transfer" and entering the corresponding wallet address, free of charge. 

 

You can also offer your stake for sale by clicking "Offer" and entering the desired BUSD price and offer duration. Your stake will then be listed on the native Decentralized Exchange for Stakes, so everyone can see it and buy it. You may revoke your offer anytime, free of charge. Selling a stake is free of charge. The buyer pays a fee of 2% of the stake's BUSD price (free of charge when holding 1 or more MREX).

 

Learn more about selling your stake here.

 

Whichever way you choose to close your stake: After your REX have been distributed to your wallet, you can convert them into BUSD via crypto exchanges such as pancakeswap.finance or poocoin.app. You can then exchange your BUSD back into your desired fiat currency via BINANCE (see step 2) and pay out to your CRYPTO DEBIT/CREDIT CARD.