Speed Penalty
Make sure to claim your FreeClaim early!
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Make sure to claim your FreeClaim early!
Last updated
Was this helpful?
Speed Penalty for FreeClaim in MAXX Finance
In MAXX Finance, it's crucial to claim your FreeClaim promptly to maximize benefits. There's a penalty for late claims, reducing the amount you can claim each day after the launch. The FreeClaim event spans 365 days, with a daily penalty of 0.274% (100/365) starting from day 2.
Examples:
Claiming 200,000 MAXX from $1,000 of ETH allocation:
Day 1: Full 200,000 MAXX available.
Day 11: 2.739% penalty, 194,520 MAXX claimable.
Day 101: 27.397% penalty, 145,205 MAXX claimable.
Day 365: 99.726% penalty, only 19.8 MAXX claimable.
The FreeClaim event concludes on Day 366 or when the reserved amount is fully claimed, whichever comes first.
