Reward On Flexa Crypto Payment Network Is Now Live!

Flexa, a crypto-payment network, announced that the Flexa Capacity dApp’s latest release is now live on mainnet. The new features support for Flexa network rewards and FXC withdrawals, and includes minor improvements to the dApp user interface.

Starting today, user that supplies their Flexacoin to the Flexa Capacity dApp and allocates it toward an enabled wallet app (i.e., SPEDN) is eligible to earn their portion reward distribution of 1 billion FXC. Which is being returned at a rate of approximately 2,500,000 FXC per day on 15-minute intervals through the end of 2020.

This distribution is apportioned pro rata across all allocated capacity at each interval, and is designed to recognize the efforts of the earliest Flexa supporters while supporting Flexa’s growth throughout its first full year of operation—and with more than 15% of the circulating Flexacoin supply already staked. The firm states it delighted to see a community of token holders beginning to form around collateralizing Flexa payments in the early days of the network.

Reportedly, the new version of Capacity provides a simple and intuitive interface that guides token owners through the withdrawal process of Flexacoin in three simple steps in a little less than a minute (based on data traffic).

Assisting the power of withdrawal.

Token holder can, through the withdrawal process, remove any Flexacoin you have previously provided. Flexa Capacity however does not support the withdrawal of earned network reward balances at this point. Instead, each FXC owner deployed to Flexa Capacity will continue to receive network rewards in accordance with their allocation and the rewards will continue to accumulate in the Flexa Capacity smart contract.

The crypto network also announced it has become a risk assessor for Nexus Mutual, a blockchain-based risk-sharing platform to insurance for smart contract failures. Now, user can take out coverage for the Flexa Capacity smart contract on Nexus Mutual.

“We believe that today’s release of Flexa Capacity represents the most full-featured implementation of instant cryptocurrency payments to date, and we can’t wait to share what’s next for Flexa in 2020. Taken together, the recent updates to the Capacity dApp and the addition of Nexus Mutual coverage make Flexa Capacity one of the easiest ways to support and help grow the ecosystem of decentralized finance.” Said the Flexa team.

Source: Medium and CryptoNinjas.

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