What is OKX Jumpstart?

Jumpstart offers OKX users easy access to new, high-quality crypto projects. 

1. Two brand-new subscription sessions with lower threshold

Introducing the two sessions of OKX Jumpstart subscription: the OKBelievers Exclusive Allotment Session and the OKTraders Privilege Allotment Session.

Compared to the past sales, in order to participate in a token sale, interested users are required to hold a daily minimum of only 100 OKB for the previous 5 consecutive days (vs. 100 OKB for 30 days previously) before each token sale day. A lower threshold as the new rules offer, you can secure a larger allotment by holding more OKB in the 5-day period.

In addition, under the new rules, how you fulfill the requirement would make a difference in your allotment coefficient in the two sessions. More details will be elaborated below.

2. OKB holding calculation: holding more for longer better than last-minute buying in bulk

In the past, it has been observed that some users tried to achieve the OKB daily average holding by purchasing OKB in bulk in the last few days before the sales. With the new rules, we encourage interested users to hold the required OKB amount continuously.

Remember the new OKBelievers Exclusive Allotment Session mentioned above? The rules for this session are similar to those of the first subscription session in past sales. However, by holding the required OKB amount continuously, one can secure a higher allotment coefficient and thus larger allotment.

In case your coefficients of minimum holding and average holding differ, you will be assigned the coefficient whichever is higher. You can always check your coefficient and OKB snapshot records on OKX Jumpstart website.

As always, if you stop holding or falls short of the required OKB daily average holding, you can regain your eligibility by buying OKB in bulk before the sale day to reach your desired average daily holding requirement.

3. New trading volume-based session

Different from the previous second subscription session, the new OKTraders Allotment Privilege Session is a special subscription session for only token sales of larger sale supply.

In this session, allotment advantage is granted to those who trade a lot on OKX, as the allotment coefficients for this session depends on one’s cumulative OKX spot trading volume (in Bitcoin) since the establishment of OKX. You can your coefficients on the OKX Jumpstart website.

4. New allotment formula: no longer first-come-first-served sales

After reviewing the feedback from our communities, we were concerned that many of our users are not happy with being excluded from past sales. As such, we decided to abandon the first-come-first-served model and allow as many participants to join our token sales as possible by changing the allotment formula.

The new allotment formula is as follows:

Allotment of the session = (Individual allotment coefficient of the session * individual subscription amount of the session) / (SUM (Individual allotment coefficient of the session * individual subscription amount of the session)) * Session supply

This formula applies to both OKBelievers Exclusive Allotment Session and OKTraders Privilege Allotment Session.

Simply put, your allotment will be determined by your coefficient, subscribed amount, and the total session supply, regardless of your sequence of participating in the session.

5. Better protection against cheating

We are also aware of the complaints that some users tried to secure allotment by manipulating multiple accounts. In order to protect the interest of the general users, the KYC verification requirement of OKX Jumpstart will be lifted to KYC2. By doing so, we hope to forge the fairness among both institutional and retail users.

Moreover, the subscription time for both sessions will be extended from 10 minutes to 30 minutes and no more subscription limit will be imposed, allowing wider participation of all users.

When does Jumpstart launch projects?

OKX Jumpstart will provide users with the opportunity to experience new high-quality blockchain projects from time to time. For all events, OKX will conduct warm-ups in advance and announce relevant rules for users to prepare for their participation. You can keep an eye on the latest news and notifications on OKX.

How can I participate in Jumpstart?

First, you need to create your OKX account or log in with your existing account. Second, please make sure you have completed the Lv. 2 KYC verification. Last but not least, you need to hold a certain amount of OKB for staking before participation. After logging in, you can find [Jumpstart] on our platform and find the homepage to view information and details. Just click on the screen, and you can complete staking or unstaking your OKB.

What types of events does Jumpstart provide?

Currently, OKX Jumpstart provides two types of events - Mining and On Sale. With OKB staking, the Mining model allows users to gain token rewards issued by relevant projects. Every event has its own staking period and total staking limit, following on a "more staking, more tokens" basis. The On Sale model adopts "Pledge + Draw" to distribute tokens. This includes position census, pledging, reward census and reward distribution. Also, OKB is the only token officially taken for pledging during the whole process. Both models are not applicable for users in restricted countries/regions, and those allowed to participate should refer to OKX's announcements.

OKX Jumpstart Community

• Twitter: https://twitter.com/okx
• Linkin: https://www.linkedin.com/company/okex/
• Telegram: https://t.me/OKxOfficial_English