Digital Currency X Technology announced the execution of a staking agreement with EdgeAI Foundation to stake a portion of its EdgeAI token holdings. Under the terms of the agreement, DCX will stake over 100M EdgeAI tokens to a Foundation-designated smart contract for a term of 12 months. The staking arrangement provides for a floating annualized yield of 3.5% to 8%, with rewards distributed in EdgeAI tokens. Upon maturity, staked tokens will automatically be unlocked and returned to DCX unless the parties agree in writing to renew the arrangement. The agreement enables DCX to generate yield on its digital asset treasury holdings while maintaining exposure to the EdgeAI ecosystem. All staking rewards will be paid in EdgeAI tokens, and the Foundation has committed to ensuring the proper operation of the mainnet and reward distribution systems.
Digital Currency X Technology Inc, formerly Chijet Motor Co Inc, is a holding company mainly engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles. The Company’s main business includes the design and development, production, sales, after-sales service and export of new energy vehicles and vehicle parts. The Company's passenger vehicles include small cars, sedans and sports utility vehicles as well as others. The Company's commercial vehicles include light trucks and vans. The Company is also involved in the provision of products and services to the entire value chain for vehicles.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
