Explanation of proper nouns

1.What is REX?

REX is the abbreviation of "Resource Exchange". It is used to rent resources or lend resources to earn returns. REX is not a token and cannot be circulated outside. It can only be used in the Resource Exchange (Resource Exchange).

Think of REX as a stake in the resource exchange. When an EOS holder stake EOS to the resource exchange, the user's voting rights will be retained and the EOS is still under the full control of the holder, so it is a real "0" risk. At the same time, REX has the characteristics of non-transferable and non-tradable , so the REX obtained by staking EOS cannot be transferred or traded to others.

The rate of return of REX depends on the demand for network resources to earn "rent", and at the same time, it can also obtain income such as RAM interest and account auction fees. In order to prevent improper operations in the market, the purchased REX has a lock-up period of about 4 - 5 days, and the REX can only be sold when it expires. Since the value of REX will only increase, users will not lose EOS in the transaction, so they can always hold REX tokens to obtain REX benefits and continue to generate value.

In the Vote to Win protocol, users can delegate BP voting rights to DAOBOX by purchasing REX. During this period, delegating users can get REX rewards. The algorithm will generate a lucky number, and the holder of the lucky number will get the BP income of this week.

2.What is delegated voting weight decay?

According to the rules of the EOS main network, when the time since your last delegation operation is too long, the number of proxy votes will decay, so the lucky number you get will also decrease accordingly. In order to avoid this situation, the system will remind you when the decay difference is >5%, and you only need to confirm the proxy vote again to avoid the decay.

Decay difference = number of delegated EOS - current actual number of proxy votes

3.REX Reward

REX Reward: This reward is provided by the main network, which includes income such as resource rent, RAM fee, and account auction fee. When you sell REX, you will receive this reward. (Users who perform delegated voting will receive REX rewards)