❓F.A.Q
Frequently Asked Questions
1 – How does the Rebase work?
1’ – The Rebase operation allows tokens to work in a way that the circulating supply expands or contracts due to changes in token price. This increase or decrease in supply works with a mechanism called rebasing. Poseidon uses a Positive Rebase formula which increases the $POS supply of each holder.
2 – How to Stake
2’ – Poseidon use an innovative AutoStaking token created by Titano which provides users a simpler way to receive staking rewards. Simply hold $POS in your wallet and you will automatically receive staking rewards.
3 - How do I get my Rebase rewards?
3’ – The Rebase rewards, in simple terms, are the staking rewards. You are entitled to receive Rebase Rewards just by holding $POS in your wallet.
4 – Where can I buy $POS tokens?
4’ – The $POS token is available on SpookySwap.
Useful links:
5 – What is the slippage for the trade?
5’ – There are two different Slippages which can be used for trading $POS:
1 | When you wish to buy, you will need to put the slippage at least at 13%.
2 | When you wish to sell, you will need to put the slippage at least at 18%.
You might need to add higher slippage during times when there are lots of buys and sells of Poseidon but you should only ever incur the same buy and sell fees as mentioned above.
6 – Is there a Max Supply of $POS?
6’ $POS is a token with elastic supply and there are no standards for its quantity. $POS does not have a Maximum Supply.
7 – When does the Rebase occur?
7’ – The Rebase occurs every 30 minutes and it distributes 0.0682% of the tokens in your wallet as staking rewards to $POS holders. In order to track the next Rebase, a holder can check the timer on the Poseidon Finance staking dashboard.
8 - Are devs doxxed?
8' - The team is composed by pseudo-anonymous developers, marketing strategist and DeFi analysts. All the members are located in different European, American and Asian demographic zones.
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