1. Get into CryptoFarm
Please visit OceanEx official website: https://oceanex.pro. Click "CryptoFarm" on the top side, or find it in "OCE Club" chanel.
Click "CryptoFarm" on the top left side:
Or click "OCE Club"，find "CryptoFarm" on the down side of the page:
2. Choose the Product You Want to Subscribe
Find the product (VET) that you wish to subscribe, and check if it is still available or sold out. then enter into product details page.
3. Accept the Agreement
You need to read and accept the agreement when first enter the product details page. Please read the terms and conditions carefully before proceeding. If you understand and accept the agreement, check the box and click “Agree”.
4. Enter the Lockup Value and Lock the Product
You will be required to set the lockup value (the minimum lockup amount and anticipated revenue can be found below), and then click “Lock”. Once locked up, you cannot cancel it until the return is distributed.
It should be mentioned that different OCE Club levels have different Maximum Luckup Amount. Different VET X node holders will enjoy different lockup amounts as well. Please refer to the content of the announcement and the "CryptoFarm" product page.
You can also find the product schedule and CryptoFarm Q&A below:
5. Review Your Lockup Record
When you finish, the page will automatically move to “My Record”, where all locked up products can be found. When the lockup period is over, the return and annualized return rate will be displayed on the page.
6. Review Your Transaction History
Click “Funds-History” page, you can find all your transaction history including “CryptoFarm Lock”. “CryptoFarm Unlock” and “CryptoFarm Return”.
7. Waiting for Return Distribution
All return will be distributed within 3 working days after the end of the lockup period. You can check the distribution record via “My Record” and “Transaction History”.
CryptoFarm Q&A
Q1. What is Annualized Expected Return Rate? What do I expect to earn after the lock-up period?
A1. Annualized Expected Return Rate is a theoretical yearly return rate assuming the product's average daily return rate during the lockup period is the same for a full year.
It is calculated as: R/A * 365/N
A=Initial Asset: the amount of token/coin you decide to lock up when subscribing for the product
R=Total expected return during lockup period: the total expected amount of coin/token return during lockup period.
E.g. if annualized return rate is 10%, initial asset is 1,000,000 VET, lockup period is 30 days, then your total expected return during lockup period is 1,000,000 VET * 10% / 365 * 30 = 8,219.1781 VET
N=Lockup period, the number of days for lockup
Q2. What is lockup period? Can I withdraw my tokens during the lockup period?
A2. A lockup period is a window of time when investors in a hedge fund are not allowed to redeem.
No, users cannot withdraw their tokens during the lockup period.
Q3. What is Total Amount / Remaining Amount/ Minimum Lockup Amount?
A3. Total Amount is the total amount of tokens that are available for subscription.
Remaining Amount is the remaining amount of tokens that are available for subscription.
Minimum lockup amount is the minimum amount for users to lock up.
Q4. What is Subscription Cut-off Time/ Lockup Start Time / Maturity Time?
A4. Subscription Cut-off Time is the end of the time for users to subscribe tokens.
lockup Start Time is the start time for users to lock up their tokens,
Maturity Time: Time when lockup period ended, and users are ready to get their tokens. (Typically users will get their token within 3 days. Please carefully check the announcements of product for more details.)
Q5. Is the product's return rate guaranteed?
A5. The product is expected to provide low risk and stable return. However due to highly volatile price movement nature of crypto market, the products do not guarantee principal or profit under extreme condition (except for those products which clearly mention the return is guaranteed). Please confirm product terms before you subscribe for the lockup plan.
Q6. Can I cancel the plan during lockup period?
A6. Subscription can't be canceled within lockup period.
Q7. Can I get the return during the lockup period?
A7. During the lockup period, the return will not be distributed daily. The return will be paid in a lump sum after lockup period within certain days.
Q8. Can VET X Node holders get exclusive privilage?
A8. Not for now, but we are developing exclusive privilage plan including offering higher maximum lockup amount to different X Node holders in the future.