REX – A new type of Blockchain investment optimized to create passive income of DailyCoin

Time-based investments and binding financial tools have existed for many years in the traditional financial world (TradFi) and have recently entered blockchains, replacing centralized banking institutions with decentralized code-based protocols. These new technologies invite innovations in the economic models, and make additional functions and flexibility possible for the first time.

REX is a decentralized blockchain-based cryptocurrency that uses smart contracts to provide highly rewarding and flexible time-based investments and binding financial tools. In particular, REX smart contracts provide a natural investment option, called “staking”: unlocking tokens for a period of time to get rewards. This can be compared to a term deposit or certificate of deposit (CD) in traditional finance, but with more flexibility and greater potential gains.

In crypto-speak, REX is a stake token, so participants buy REX and stake it over time to earn more REX. The extra REX earned by stakers comes from new REX minted every day, causing the REX supply to increase, or inflate, over time. The REX token supply is inflated by 12.9% per year. This inflation is created by the contract and distributed to the strikers.

Staking tokens are not new to decentralized finance. Tokens with basic staking functionality already exist, such as the cryptocurrency HEX which reached a market capitalization of more than $50 billion and proved to be a valuable investment option.

Compared to such basic staking tokens, REX smart contracts offer advanced and extended staking features – unparalleled in Decentralized Finance – that make managing staking much easier, more flexible and – for the first time – fully decentralized.

For example, in REX it is possible to name stakes (to keep track of their purpose), split stakes (for example in a divorce), transfer an active stake to another address (for example as a gift) and even already extract. earn stake rewards while a stake is active (rather than having to end it early in an emergency). The user can also choose to create a stake that is revocable (the stake can be terminated early and the user can withdraw stake rewards before maturity) or irrevocable (the stake cannot be terminated early and the user cannot withdraw stake rewards before maturity) to increase the annual percentage rate (APR) .

REX has also introduced the concept of booster tokens, TREX and MREX, which allow users to increase their APR – up to 50%.

Another example of innovation in REX is a new native decentralized exchange (DEX) for active stakes; a user can buy and sell active shares on this built-in exchange without using any third parties or intermediaries – a first in the area of ​​Decentralized Finance (DeFi). This makes a REX STAKE itself a cryptocurrency, opening up new opportunities for users and perhaps serving as a role model in DeFi.

To ensure a top level of long-term security for its users, REX smart contracts have been triple-audited by industry-leading auditing companies, including CertiK and Solidity.Finance.

Visit rex.io to learn more or use it as a starting point for further research.

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