Function Configuration:
Function 1: System Configuration - Configure the Open Platform
Step 1: Click the "Add Application" button. [Public Management > Open Platform Management > Application Management]
- Application name: Can be listed as 'Financial Management'
- Collection and payment account ID: Add the UID to be collected （The UID is used for storing users' financial management assets participation and for distributing users' interests.）
- Business scenario: Select the first three (All permissions, Oauth - authorized login, Payment permissions - please refer to the picture)
- App_ID: Generated by the system
- Secret key: Generated by the system Login callback address: Enter your company's website
- IP whitelist: Leave it blank and do not fill it
- Copy the secret lock and save it before proceeding to the second step.
Important: Please make sure that you have enough balance inside your 'Company: Financial Account' for interest to be successfully distributed.
If there is insufficient balance, you need to transfer the funds to 'Company: Financial Account' at 'Asset Management' - 'Transfer Mgt' - 'Transaction Tool'.
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Section 1: Introduction to different staking projects
We recommend you to use 'Closed Lock Position' (please refer to the third one). For this staking project, principal amount from users will be locked for a certain period before interests are distributed. You can set the lock up period required which gives more flexibility on your side. During the lock up period, you can also use the principal amount collected for other purposes if it is needed.
Current Position is not recommended here.
1. Current Position (Not recommended)1. Current Position
Users do not need to pledge any amount to participate in the project to earn the interest. However, he needs to hold the pledge currency in his digital account in order to participate in the project.
For example, the pledge currency and earning currency are USDT. If the users hold 2000 USDT in his digital account and the annual return rate is 10%, his daily return is 2000*10%/365=0.5479USDT.
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- Total Circulation: The total amount display on the frontend, total amount of currency purchased can be greater than the total circulation.
- Maximum total circulation: The total maximum amount that cannot be exceeded. When total amount of currency purchased equals to maximum total circulation, the staking project will be displayed as finished.
- Method of income distribution t+1: the return will be calculated from the next day after the amount is pledged. The return will be distributed 2 days after the amount is pledged.
3. Closed lock position (Recommended)
The participation and purchase can only be made within the subscription period which is between the subscription open time and subscription close time. No purchase is allowed after the subscription is closed. The pledged the amount will be locked after the subscription is closed and the lockup time will start. Return will be calculated during the lockup cycle. During the lockup cycle, users can earn return equals to 【pledged amount * annual return rate/365 * lockup cycle】. Return will be paid after the lockup cycle. For example, if lockup cycle is 30 days, annual return rate = 10% and pledged amount = 2000, return = 2000*10%/365*30=16.4USDT. Please note that users cannot get back the pledged amount during the lockup cycle.
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