As we celebrate the launch of one of our main tools of the EtherNexus ecosystem — the staking platform, here’s everything you need to know about how it works and what you can expect from it in the months to come.

Smart Contracts Information

sENXS — ENXS staking token

• Address: 0x74Cbe0aE7CB8275Bb4850913e72cE636FB5A13c0
• Decimals: 9
• Purpose: This token is automatically received in place of your staked ENXS that is sent to the staking contract. You can add it to your wallet to keep track of your total ENXS staked. It will also be used as a subscription token for premium features of all our tools, including the Telegram bot, Analytics dashboard 2.0, and more. Finally it allows whales to stay in the whale group on Telegram and Discord as the CollabLand bot checks for this token instead of ENXS.

gENXS — ENXS governance contract

• Address: 0x2c37f70de4CaB54227B798a088f96C7571228403
• Decimals: 15
• Purpose: This token is automatically received (minted) whenever you create a new stake on the staking dapp. Each stake adds up to your total gENXS. You keep gENXS after unstaking (unlike sENXS which gets burned when you unstake) and will be the primary method to influence the decisions once the Nexus governance portal is launched.

How to Stake

1. Connect your defi wallet to the staking dapp.
2. Enter the amount of ENXS you wish to stake, or click MAX to select the max amount in your wallet.
3. Select the duration of your stake in the calendar — the minimum stake duration is 1 week, the maximum duration is 2 years.
4. Click the “Enable” button to approve token spend, allowing the staking dapp to use your tokens.
5. After the approve transaction is confirmed, click the button again, now labeled “Confirm”, to confirm your stake.

Your Staking Stats

Once you have at least one active stake, you will be able to see all your active stakes, as well as your staking stats, as shown above.

• Claimed ETH: Total ETH rewards claimed on the connected wallet.
• Claimable ETH: ETH currently claimable for the connected wallet.
• Pool share rate: Your rewards pool ownership percentage, the higher the percentage the more rewards you can claim once they are distributed to the staking pool.
• Reward points: Calculated as AMOUNT STAKED * STAKING MULTIPLIER. Staking multiplier depends on the stake duration selected, the longer your stake is, the higher the multiplier.

Other staking page options

Clicking the “Add Stake” button allows you to create additional stakes, each with their own amounts and duration, independent of the existing stakes.

The “Claim & reinvest” toggle is ON by default. This feature allows you to claim your share of ETH rewards and immediately use it to buy more ENXS on Uniswap. Buying ENXS using this feature gets you ENXS at 0% buy tax, instead of the default 5% when buying manually. Alternatively you can toggle this feature off and just claim your ETH.

Each stake can be unstaked separately, you are not unstaking all your stakes at once. When unstaking keep in mind that you will pay an early withdrawal fee if your stake has not matured. The ENXS tokens paid as a fee are burned, taking those tokens out of circulation.

Additional Information

sENXS (staking token) is received in 1:1 ratio to the amount of ENXS that you stake. Whenever you stake ENXS, sENXS is minted and sent to you. Whenever you unstake ENXS, sENXS is taken from your wallet and burned.

The amount of gENXS (governance token) that you receive is equal to reward points given for each new stake, however they are never burned when you unstake.

Reward points determine your share of staking pool rewards. Each stake you create has its own reward points, which add up to your total reward points. With each stake unstaked, you lose reward points that was assigned to that stake.

Minimum early withdrawal fee is 2%, maximum early withdrawal fee is 15% — these fees are only applied if you unstake before your stake matures. After your stake matures, you can keep it staked and keep receiving rewards, or unstake with no early withdrawal fee.

Minimum staking multiplier is 1x (one week), maximum staking multiplier is 2.5x (two years).

The date of the first EtherNexus rewards distribution will be decided in the next 2 weeks, but will happen no later than end of May. In the future, the plan is to distribute rewards once per month, and eventually make it more frequent as our trade volume increases and traders keep bringing in more profits for the ENXS stakers.

In the early days of the cryptocurrency industry, investment decisions weren’t hard. You could put your money in Bitcoin, Ether, or any well-known altcoin and hodl to earn a profit. Once crypto went mainstream, though, those days ended in a hurry. Suddenly every day brought fresh news of the next big thing in crypto. Cutting-edge DeFi projects, crypto lenders, meme coins, and eventually, NFTs turned into the must-have investments du jour. It was a head-spinning time to be a crypto investor. And it only got tougher from there.

Today, learning how and where to invest in crypto is a full-time job. And even throwing oneself into the task is no guarantee of success. That’s because you still have to wade through a labyrinth of influencers, crypto marketers, and so-called experts to try and sift some useful information from all the noise.

But what if investors could avoid all that?

Sometimes, the best way to handle a task that’s outside of your expertise is to find someone who already knows how to do it and leave it to them. So, we decided to create a DeFi platform that does just that. It’s called EtherNexus, and it’s purpose-built to put experienced crypto investors in the driver’s seat, generating profits on behalf of individual investors. In other words, it’s crypto’s first true hedge fund.

How EtherNexus Works

The idea behind EtherNexus is a simple one. It begins with a DAO and staking system, which provides a place for individual investors to band together and pool their capital. All it takes to join is to purchase and stake the platform’s native token, $ENXS. Then, our team of Nexus managers takes it from there.

Nexus managers are experienced crypto traders elected through our DAO to work on behalf of stakers. It’s their job to use their knowledge, experience, and connections within the crypto industry to turn stakers’ money into profits. To do it, they make investments in the latest up-and-coming DeFi projects and blue-chip crypto assets. When their investments bear fruit, stakers all earn a share of the profits — in ETH.

With EtherNexus, beginner investors and anyone looking for the simplest and safest way to make money in crypto finally have a perfect way to do it. Holders can simply stake their $ENXS on the staking protocol and walk away until the profits start to come in. There’s no learning curve, no insider knowledge to gain, and no need to worry about timing entries and exits.

Crypto Investment Finally Made Easy

Don’t be deceived by the simplicity of the EtherNexus operating model, however. It’s designed from the ground up to be transparent and investor-controlled, like a conventional hedge fund. Stakers have the ultimate say over who gets to control the community’s treasury. As the de-facto owners of the platform and its reason for being, stakers get to vote through the DAO to decide on how the platform moves forward. That includes, of course, selecting Nexus managers and replacing them when necessary. Or, they can leave the decision-making up to others and sit back, collecting their ETH returns.

The point is, stakers can assume as much or as little control over the process as they wish. With EtherNexus, investors are king, and Nexus managers serve at their pleasure. It’s a system that places the power where it should always be — with the people investing their hard-earned money and not with insiders with their own agendas.

So, we at EtherNexus invite investors to come experience crypto investing the way it used to be. With us, hodl is a viable investment strategy again. It means less stress, less work, and more profits for the investor. We think that’s the way crypto investing should always be — and we don’t think it’ll take long for you to agree with us.

EtherNexus Tokenomics

As our all-in-one utility, governance, and exposure token, $ENXS is the heart of our platform. The token launches on the Ethereum blockchain and has a maximum total supply of 10,000,000,000. It also features a flat 5% tax on every purchase or sale — which is also the maximum tax value meaning it can never go above 5% but can be lowered to 0%.

40% of token trade tax goes to treasury for project operations, 30% directly into the EtherNexus treasury to fund Nexus managers’ investments, 20% to stakers, and the final 10% is used as an additional incentive for our Nexus managers to perform well.

At launch, 38% of the $ENXS will fund the migration from our legacy project token $MTAO. A further 25% will provide liquidity, 13% is used for pre- and post-launch marketing arrangements, 5% distributed as part of a small token presale. The remaining 19% stays in the treasury and gets split between team tokens (3%), community rewards (3%), and tokens reserved for future partnerships, CEX listings, bridge deployments (13%).

The Future is EtherNexus

Right now, we’re hard at work executing the opening steps in the first phase of our roadmap. We expect to have the $ENXS token available for purchase soon, with the launch of our staking system following shortly after.

It’s our mission to bring the hands-off, stress-free investment experience that makes EtherNexus so unique to life as soon as possible. We look forward to demonstrating that crypto investing can — and should — be as easy as buying, staking, and earning again.

And we also look forward to helping the average investor reclaim their centrality in the ultimate bottom-up financial market. Together, we can return crypto to the masses, and we can’t wait to get started.