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When Will My TIOx Be Unlocked?
| 9-Oct | 10-Oct | 11-Oct |
|---|---|---|
|
00:00:01 GMT Locks TIOx in LP |
- |
Locked in until 00:00:01. Receives distribution from the 10th
|
|
12:00:00 GMT Locks TIOx in LP |
- |
Locked in until 00:00:01. Receives distribution from the 10th
|
|
23:59:59 GMT Locks TIOx in LP |
- |
Locked in until 00:00:01. Receives distribution from the 10th
|
The above example shows three (3) separate LP participants who all locked their TIOx at various times throughout the day on October 9th. You will note that all users locked in before midnight GMT which is the cutoff time in order to receive the interest distribution for October 10th. On the day of October 10th, the LP participants will continue to be locked in.
On the first second of October 11th (GMT 00:00:01) all three LP participants will have their principle TIOx unlocked. The participants can then decide to exit the LP or remain in the LP for future interest distributions. If no action is taken by the participant and remains in the LP for the full 24 hours on October 11th, that participant will receive the October 11th interest distribution on October 12th. Participants will need to lock in their TIOx each time upon entering the LP. After the initial lock up period the participant is able to exit the pool at ANY TIME. Meaning, if a participant enters the LP on October 9th and is unlocked on October 11th, there will be no subsequent locking periods assuming the participant continues to stay in the LP.
It is important to note that if a participant exits the pool at any point in time after the initial lock in period (i.e. at any point in time after the first second of October 11th in the example above) then that user WILL NOT receive the interest distribution for that day. The LP does not allow pro-rata interest distributions so please be sure you do not exit the LP accidentally or inadvertently as this will result in not receiving any interest distribution for that day.
Even if a participant enters the pool at GMT 00:00:01 and exits the pool at 23:59:59 that participant will not receive the interest distribution for that day. All participants must be staked in the LP for a full calendar day in order to receive any interest distribution for that day. Upon exiting the LP the TIOx will be automatically credited back to the balance of your exchange account balance and you will be able to trade/exchange or withdraw your TIOx at your discretion.