3.13 Staking Terms and Conditions

3.13.1 Definition and Purpose of Staking

• Staking is a mechanism that allows users to generate passive income by locking their FEXSE tokens or NFT tokens on the platform for a certain period of time.

• Staking is implemented to increase liquidity on the platform, stabilize the token supply and reward long-term investors.

3.13.2 Staking Process and Rules

• Token Locking: Users can lock a certain amount of FEXSE tokens or NFT tokens to a designated smart contract on the platform.

• Staking Period: The staking period is determined by the DAO and described in the technical document.

• Staking Revenues: Users will receive the revenues generated during staking in Fexse Revenue Share format.

• Gain Calculation: Staking returns are calculated based on staking duration and the amount of locked tokens.

3.13.3 Rights and Obligations in the Staking Process

• During the Lockout Period

1. The user cannot sell or transfer the locked tokens during the staking period.

2. The user continues to earn but cannot trade until their tokens are released.

• At the End of the Staking Period

1. When the staking period ends, the locked tokens and earnings are transferred to the user's wallet.

3.13.4 Termination of Staking and Early Resolution

• Early Resolution: Users can request to release their tokens before the staking period is completed. However, in this case:

1. Some or all earned income may be subject to deductions.

2. The DAO reserves the right to set and revise early resolution rules.

• Forced Termination: The staking program may be terminated early due to technical issues, security threats or DAO decision.

3.13.5 Staking Transparency and Legal Obligations

• Transparency: All staking transactions will be recorded on the blockchain in a transparent and auditable manner.

• Legal Compliance: The User agrees that he/she is responsible for all tax and legal obligations related to staking earnings.

Note: Staking times, earning rates and other technical details are detailed in the Staking Technical Document and related smart contracts. This contract only provides the general framework of the staking structure.