Dear Pool-X Users,
Pool-X will be launching a SHA trial fund activity with the Safe Haven project at 20:00:00 on September 8, 2020 (UTC+8). 100 million of SHA trial funds will be sent out, and Pool-X invites you to get involved.
*All times in this news are based on the UTC+8 time zone.
The total allocation of the trial fund: 100,000,000 SHA
Participation Qualification: All users on Pool-X or KuCoin
Activity Period: 20:00:00 on September 8, 2020 to 23:59:59 on November 3, 2020 (UTC+8)
How to Get the Trial Fund:
1. Add the SHA/USDT, SHA/BTC and POL/USDT trading pairs to your Favorites list on KuCoin during the specified time to qualify for the trial fund (Snapshot Time: At 23:59:59 on September 10, 2020). Users can get the trial fund by completing the following two tasks:
Task 1: Hold 20,000 or more SHA in your Pool-X account, and you will get 50,000 SHA in trial funds (Snapshot Time: At 23:59:59 on September 10, 2020). The amount of available trial funds for this task is 40,000,000, and they will be allocated to the holders according to the positions held by the users from high to low.
Task 2: Hold 500 or more POL in your Pool-X account and participate in the Quiz (Click here) provided by the Safe Haven (SHA) project. Users can get their corresponding trial fund amount according to the accuracy of their answers on the Quiz. The amount of available trial funds for this task is 60,000,000 and they will be allocated to the users according to the order of their completion time of the quiz.
2. Only the scores from the first attempt at the Quiz will be accepted for each user.
3. Each user can get 200,000 SHA at most in trial funds.
4. For either of the above two tasks, if their corresponding trial fund amount is not fully allocated, then the remaining amount will be automatically allocated to the other task.
5. Users can check the trial funds they receive on the Pool-X Assets page.
6. When users participate in the quiz task, only one account with the same IP address can enjoy the trial funds. If two or more users have the same IP address when completing the quiz task, the user who completes the task first will get the trial funds.
Rules of SHA Trial Fund Distribution:
Conditions | Amount of Available Trial Fund | Total Allocation | Validity Period (UTC+8) | Expiry Date (UTC+8) | Applicable Products |
SHA Holding ≥ 20,000 in Pool-X | 50,000 | 40,000,000 | 2020.09.13 20:00:00 - 2020.11.03 23:59:59 | 2020.11.04 00:00:00 | 1. SHA-50D 2. SHA-Staking |
Quiz Accuracy ≤ 43% | 50,000 | 60,000,000 | |||
43% < Quiz Accuracy ≤ 71% | 100,000 | ||||
71% < Quiz Accuracy ≤ 100% | 150,000 |
Timeline for Receiving the Trial Fund (UTC+8):
2020.09.08 20:00:00 | 2020.09.10 23:59:59 | 2020.09.12 20:00:00 |
Task Claim Start (Deposit/Transfer/Quiz available) | Task Claim End (Snapshot Start/Quiz Closed) | Trial Fund Distribution |
How to Use the Trial Fund:
During the specified time, users can participate in staking “SHA-50D” on the Pool-X platform. In addition to the staking benefits of SHA, users can also get a share of the POL mining rewards every day! Due to the time and allocation limitation for the lock-up, users who receive the SHA trial fund but have not staked successfully can exclusively stake the product “SHA-Staking”.
Product details can be found in the table below, or you can visit the Pool-X website.
Products | Subscription Period (UTC+8) | Expected APR | Hard Cap of Single User | Hard Cap of the Whole Platform | Staking Period (UTC+8) | Qualification |
SHA-50D | 2020-09-13 00:00:00 - 2020-09-14 23:59:59 | 25% + POL Rewards | 200,000 | 100,000,000 | 2020-09-15 00:00:00 - 2020-11-03 23:59:59 | All Users |
SHA-Staking | 2020-09-15 00:00:00 - 2020-11-03 23:59:59 | POL Rewards | 200,000 | No Limit | Locked after subscription | Trial Fund Only |
Notes:
1. Users should complete the related task of the trial fund before the specified end time. The trial fund is limited, and it is on a first-come, first-served basis.
2. During the validity period of the SHA trial funds, users can participate in staking on Pool-X by using SHA.
3. Stake the Fixed product “SHA-50D” to get the staking rewards of SHA and the POL mining rewards. Stake the Flexible product “SHA-Staking” to get the POL mining rewards. The staking rewards and the mining rewards (denominated in POL) will be distributed to your Pool-X account daily. The revenue will be accounted for according to T-1 days, and the T refers to the remaining days of the staking (including the current day of staking).
4. SHA trial funds cannot be withdrawn or transferred from Pool-X.
5. After the expiration of the SHA trial fund, the system will automatically take back all the SHA trial funds.
6. 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.
7. During the staking period of Fixed products, users are not allowed to redeem in advance before the deadline of the staking period.
8. When the trial fund expires, it will automatically be withdrawn by the system, and the user's available balance will be used to return the trial fund first. When the available balance is insufficient, the system will execute the cancellation of the user's trading orders and the redemption of the locked assets until the trial fund is returned in full.
Introduction to Safe Haven (SHA)
Safe Haven is one of the most diligent projects in the blockchain space. It has been around since 2017 and has delivered 10 products that the users actually need. These products range from inheritance solutions to hardware-wallets.
Wondering why you never heard about this VeChain-based project prior to this?
Unlike some hyped projects, Safe Haven focuses on building products, especially the ones that solve real user problems. As a decentralized B2B2C platform, it is building solutions for:
Official Website: https://safehaven.io
White Paper: https://safehaven.io/wp-content/uploads/2018/12/SafeHaven_WhitePaper.pdf
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 and understanding!
The Pool-X Team