Conversion Period

In our ongoing commitment to fight inflation and not affect the conversion rate of long-term investors, we are introducing a refined conversion mechanism for rSAIX ➠ SAIX, effective from January 13.

Here's a breakdown of the changes:

Old Mechanism (Before January 13):

rSAIX rewards, upon conversion to SAIX, were entirely released after a 7-day waiting period.

New Update (From January 13):

Immediately apply to pending transactions as of January 13, with no reset to the conversion time.

The rSAIX ➠ SAIX conversion process involves an unlocking period, providing users with flexibility. The unlocked SAIX will increase proportionally to the conversion time.

Unlocking Stages:

Initial Lock (First 7 Days):

• 100% of rewards remain locked during the initial 7 days.

Progressive Unlock (After 7th Day):

• Users can commence claiming unlocked SAIX after the 7th day, starting at 10%.

• After the 7th day, witness a continuous unlocking rate of approximately ~0.00005% per second (~4.3% per day).

Note: Each conversion is a one-time claim opportunity. Any remaining SAIX post-claim will be promptly burned, marking the completion of the conversion process.

Meet Alice, a savvy XSaiyan user navigating the dynamic rSAIX ➠ SAIX conversion process. Let's delve into her journey:

Scenario A (7-Day Claim):

• After patiently waiting for the 7-day period, Alice decides to claim her SAIX rewards immediately.

-> Alice swiftly receives the initial unlocked portion: 10%, equivalent to 100 SAIX tokens.

Scenario B (10-Day Claim):

• Alice, choosing to exercise patience, waits until day 10 to claim her SAIX.

-> Alice is rewarded with approximately 22.86%, amounting to 228.6 SAIX.

Scenario (30-Day Claim):

After 30 days, as the lock cycle concludes, Alice receives the entire converted amount of 1,000 SAIX.