FAQ: B2M Lock

B2M Lock is a locking system that allows you to lock your B2Ms for a limited and optional period of time in exchange for a higher APY, thereby achieving greater profitability.

Frequently Asked Questions

• What's the difference between the Flexible Farming Pool and the Locked Farming Pool?
• What are the conditions for Locking?
• Can I withdraw funds from a Locked Farming Pool?
• Can I add funds to a Locked Farming Pool that already has funds in it?
• If I lock B2M funds by mistake, do I have a grace period to cancel the lock?
• Does B2M Locking affect missions and the FIFO system in Space Center?
• Are withdrawals from a Locked Farming Pool automatic?

What's the difference between the Flexible Farming Pool and the Locked Farming Pool?

In the Flexible B2M Farming Pool on Earn, you can add and withdraw funds without any commitment or locking conditions, free of charge and immediately.

In the Locked B2M Farming Pool on Earn, you will lock your funds for 3, 6, or 12 months, depending on your choice. During the selected period, you will have a "commitment to stay" in exchange for a higher APY, thus increasing your rewards the more months you decide to lock your B2Ms.

What are the conditions for Locking?

The only condition is that you must keep the funds locked for the period of time determined by the Pool you have chosen.

Can I withdraw funds from a Locked Farming Pool?

Yes, it is possible to withdraw your funds from a Locked Farming Pool before the established term ends. However, by not meeting the locking condition, this carries certain consequences:

1. Deducted Rewards: All rewards generated during the time your funds were locked will be deducted. These rewards will be returned to the Locked Farming Pool to be distributed among users who do maintain their B2Ms locked, thus benefiting the community. It is important to emphasize that Bit2Me does not profit from these deducted amounts; they are always redistributed among B2M holders in the Pools, strengthening the B2M ecosystem.

2. 10% Penalty on Initial Capital: Additionally, a 10% penalty on the initial funds you deposited will be deducted. This amount will be sent to a separate pool with the objective that, in the future, these funds will be burned (permanently removed from circulation).

Can I add funds to a Locked Farming Pool that already has funds in it?

If you decide to add more funds to an existing Locked Pool (for example, a 6-month pool with 20 days left until unlock), the new funds will be added to the existing ones, and the countdown for unlocking will NOT reset. This means there will still be 20 days left for all funds in that Pool to be released.

Furthermore, you have the flexibility to move your funds from a shorter-term Pool to a longer-term Pool to seek higher long-term returns (e.g., from a 3-month Pool to a 12-month Pool). When making this change, the 10% penalty does not apply, and you will retain all accumulated rewards in full up to that point.

However, to maintain the logic and integrity of the locking periods, you will not be able to move funds from a longer-term Pool to a shorter-term Pool (e.g., from a 12-month Pool to a 6-month Pool).

If I lock B2M funds by mistake, do I have a grace period to cancel the lock?

It is unlikely that you would mistakenly send B2Ms to the Locked Pool without realizing it, as before the indicated B2Ms are sent to the Locked Pool, a warning appears stating the following:

• Information about the Lock of the indicated B2Ms and the date they will be released.
• The amount that will be deducted if you withdraw funds before the Pool's lock period is met.

To finally lock the funds and send them to the Locked Pool, you must check the corresponding box accepting the indicated conditions and click the "Yes, I want to proceed" button.

Once the conditions are accepted and the button is pressed, there would be no possibility to cancel the deposit without penalty.

Does B2M Locking affect missions and the FIFO system in Space Center?

No. Locking B2Ms in a Pool does not detach those B2Ms from your account. Therefore, the FIFO system for the "Buy and hold € in B2M" missions will count these funds the same way as those you might have deposited in your Wallet, Pro, or the Flexible Pool.

Are withdrawals from a Locked Farming Pool automatic?

If you have funds in a Locked Farming Pool and you meet the established period for that Pool (3, 6, or 12 months), you will receive a notification to extend the Lock period and continue enjoying higher APYs before the release date is reached. Otherwise, once the Lock period is completed, the B2Ms and the rewards obtained during the lock will be automatically credited to the Flexible Farming Pool.

If you decide to withdraw funds before the established period in the Locked Farming Pool you are participating in, the withdrawal will be processed and credited to the Flexible Farming Pool within the next 24 hours.