IoTeX (IOTX) Staking and Holdings Competition: 1,500,000 IOTX to Give Away!
04/14/2020, 08:11:44
To celebrate IoTeX (IOTX) being listed on Pool-X Platform, we will launch a staking and holdings competition together with the IoTeX project.
Activity 1: Limited Time Offer: Stake IOTX and Earn Higher Interest on Pool-X!
- Subscription Period: 22:00:00 on April 16, 2020 to 23:59:59 on April 18, 2020 (UTC+8)
- Staking Duration: 30 Days
- Staking Product: IOTX-30 Days
- Hard Cap of the Whole Platform: 30,000,000 IOTX
- Expected APR: 10% (*excluding POL rewards)
- Soft Cap of Single User: 2,000 IOTX
- Hard Cap of Single User: 200,000 IOTX
- Participation Qualification: Users who have a registered KuCoin account
- Rewards Distribution: The staked coins will be returned after the redemption process ends, and the staking rewards and the mining rewards (denominated in POL) will be distributed to your Pool-X account daily. The revenues 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).
Product details can be found in the table below or you can visit the Pool-X website.
| Staking Product | Expected APR (*Excluding POL rewards) | Soft Cap of Single User | Hard Cap of Single User | Soft Cap of the Whole Platform | Hard Cap of the Whole Platform | Staking Period （UTC+8） | |
| IOTX-30 | 10% | 2,000 | 200,000 | 2,000 | 30,000,000 | 2020-04-19 00:00:00 - 2020-05-18 23:59:59 | |
Activity 2: IOTX Holdings Competition: 1,250,000 IOTX to Give Away!
Competition Period: 22:00:00 on April 16, 2020 to 23:59:59 on April 23, 2020 (UTC+8)
During the competition period, we will take a random snapshot of each user’s IOTX balance on their Pool-X account each day. The top 100 users with average daily holdings greater than 2,000 IOTX will be eligible for the following rewards based on their final daily average holdings ranking:
| Top 1-3 | 40,000 IOTX per user |
| Top 4-25 | 20,000 IOTX per user |
| Top 26-100 | = (Each user’s total holding volume / Top 26-100 users’ total holding volume) × 690,000 IOTX |
Notes
- The first day of the event will be defined as: April 16, 2020 at 22:00:00 (UTC+8) to April 17, 2020 at 23:59:59 (UTC+8).
- Users need to be registered on KuCoin to join the staking activity.
- 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.
- During the staking period, users are not allowed to redeem in advance before the deadline of the staking period. (How to redeem?)
- 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.
- Pool-X will be releasing more staking services in the future. For any cooperation requests, please contact business@pool-x.io.
Thank you for your support and understanding!
The Pool-X Team