Algorand (ALGO) Innovation Rewards: USDTa-21D & USDCa-21D Now Available with an APR of 16%!
Dear Pool-X Users,
Pool-X will be launching USDT and USDC Fixed Staking campaigns together with the Algorand (ALGO) project at 10:00:00 on February 19, 2021 (UTC). The available staking products are “USDTa-21D” and “USDCa-21D”, both enjoy an APR of 16% (excluding POL mining).
*During the staking period, in addition to the staking benefit from the project, users can also get a share of the POL mining rewards every day!
The details can be found in the table:
| Staking Product | Subscription Period (UTC) | Staking Period (UTC) | Expected APR (*Excluding POL rewards) | Soft Cap of Single User | Hard Cap of Single User | Hard Cap of the Whole Platform |
| USDTa-21D | 2021/02/19 10:00:00 - 2021/02/21 15:59:59 | 2021/02/21 16:00:00 - 2021/03/14 15:59:59 | 16% | 100 | 20,000 | 500,000 |
| USDCa-21D | 2021/02/19 10:00:00 - 2021/02/21 15:59:59 | 2021/02/21 16:00:00 - 2021/03/14 15:59:59 | 16% | 100 | 20,000 | 500,000 |
How to Participate: During the subscription period, all KuCoin users can go to the ‘Staking’ page of the Pool-X website and choose their desired product to stake.
Notes:
1. Users need to be registered on KuCoin or Pool-X to join this staking activity.
2. During the subscription period, no staking rewards of the staked assets and POL mining rewards will be generated.
3. During the staking period, users are not allowed to redeem in advance. Users can trade the staked assets on Pool-X Exchange to get asset liquidity (The trading on Pool-X Exchange will be unavailable 24 hours prior to the end of the staking campaign).
4. The user hereby confirms that participating in the staking activity is voluntary, and the KuCoin Group has not forced, interfered with, or influenced the user's decision in any way.
About the Stablecoin on Algorand
Algorand’s ability to meet the high-volume demands of modern financial institutions whilst offering reduced transaction costs, transaction finality and robust security has led to an increase of stablecoins to the platform - including market leaders USDT and USDC.
Risk Warning: Staking is a risk investment channel. Investors should be sensible in their participation and be aware of investment risks. The KuCoin Group is not liable for users’ investment gains or losses. The information we provide is for users to conduct their own research. It is not investment advice. The KuCoin Group reserves the right of final interpretation of the activity.
Thank you for your support!
The Pool-X Team
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