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ZetaChain(ZETA) Mining on OKX Jumpstart
The OKX Jumpstart Mining will commence at 10:00 am UTC on Jan.30, 2024. BTC and OKB holders can both stake BTC and OKB to mine ZETA tokens in return.
I. Staking Rules
Token staked | BTC/OKB |
---|---|
Token earned | ZETA |
Amount of mineable tokens in BTC staking pool | 5,250,000 ZETA |
Amount of mineable tokens in OKB staking pool | 5,250,000 ZETA |
Mining period | 10:00 am UTC on Jan.30, 2024 - 00:00 am UTC on Feb.1, 2024 |
Minimum staking per person | None |
Maximum staking per person for BTC | 0.3 BTC |
Maximum staking per person for OKB | 200 OKB |
Staking period | Stake and unstake at any time |
Opening time for mined token trading | Feb.1, 2024 until further notice |
Ⅱ. Conditions of Participation
- The following countries are eligible: South Korea, Turkey, Russia, Ukraine, Georgia, Belarus, Kazakhstan, Uzbekistan, Armenia, Moldova, Azerbaijan, Tajikistan, Kyrgyzstan, Turkmenistan
- Need to complete KYC verification
III. Calculation of staking rewards
- The staking rewards refer to the tokens acquired by participating in OKX Jumpstart Mining, which are calculated in real time and can be withdrawn at any time.
2.Users' per minute rewards = The amount of their staked token / Total amount of staked token * The amount of tokens released per minute
For example: If the amount of a user's OKB staked is 100, the total amount of OKB staked at that time is 100,000, and the amount of tokens released per minute is 10,000, then the user's per minute rewards is 100 / 100,000 * 10,000 = 10 (tokens).
IV. Staking and unstaking directions
Staking process
Step 1: Before the mining starts, transfer your BTC or OKB to your funding account.
Step 2: Log in to the OKX official APP, go to the Grow section and click Jumpstart.
Step 3: After the mining starts, click Stake, enter your desired amount of BTC or OKB and confirm. After completing these three steps, you will start mining!Unstaking process
Click Unstake to release your BTC or OKB at any time, and the BTC or OKB will be automatically returned to your funding account.If you don't unstake early before the end of mining. When the mining is done, the tokens staked as rewards will be automatically distributed to your funding account within 2 hours after the event ends.
The time to enable deposit, withdrawal and trading will be announced later.
V. Introduction
About ZETA
ZetaChain is an omnichain blockchain where you can build truly interoperable dApps that span multiple chains from Ethereum to Bitcoin and beyond — all of crypto in one place.
- Project name: ZetaChain
- Total supply: 2,100,000,000
- Official website: https://www.zetachain.com/
- Twitter: https://twitter.com/zetablockchain
Distribution
Category | Ratio |
---|---|
Jumpstart | 0.50% |
User Growth Pool | 9.50% |
Ecosystem Growth Fund | 12.00% |
Core Contributors | 22.50% |
Purchasers | 16.00% |
Liquidity Incentives | 5.50% |
Validator Incentives | 10.00% |
Protocol Treasury | 24.00% |
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