Get Your Share of LUNA Trial Funds with Millions Being Given Away! Take Profit Without Cost
Dear Pool-X Users,
In order to provide more benefits to both old and new users of Pool-X, the platform will launch a LUNA trial fund activity with the Terra project at 20:00:00 on July 3, 2020 (UTC+8). Millions of LUNA 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: 10,000,000 LUNA
Participation Qualification: All users on Pool-X
Activity Period: 20:00:00 on July 3, 2020 to 23:59:59 on July 31, 2020 (UTC+8)
How to Get the Trial Fund:
1. Add the POL/USDT, LUNA/USDT and LUNA/BTC trading pairs to your Favorites on KuCoin during the specified time to qualify for the trial fund (Snapshot Time: 2020-07-05 23:59:59). Users can get the trial fund by completing the following two tasks:
Task 1: Hold 2000 or more LUNA in your Pool-X account, and you will get 10,000 LUNA in trial funds. The amount of available trial funds for this task is 3,000,000, and they will be allocated to the top 300 holders according to the positions held by the users from high to low (Snapshot Time: 2020-07-05 23:59:59).
Task 2: Participate in the Quiz provided by the Terra (LUNA) 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 7,000,000, and they will be allocated to the users according to the order of their completion time of the quiz. （Quiz Link）
Note: Only the scores from the first attempt at the Quiz will be accepted for each user.
2. Each user can get 25,000 LUNA at most in trial funds.
3. 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.
4. Users can check the trial funds they receive on the Pool-X Assets page.
5. 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 LUNA Trial Fund Distribution:
Conditions | Amount of Available Trial Fund | Total Allocation | Validity Period (UTC+8) | Expiry Date (UTC+8) | Applicable Products |
| LUNA Holding ≥ 2000 in Pool-X | 10,000 | 3,000,000 | 2020-07-09 20:00:00 - 2020-07-31 23:59:59 | 2020-08-01 00:00:00 | 1. LUNA-21D 2. LUNA-Staking |
| Quiz Accuracy ≤ 30% | 5,000 | 7,000,000 | |||
| 30% ＜ Quiz Accuracy ≤ 70% | 10,000 | ||||
| 70% ＜ Quiz Accuracy ≤ 100% | 15,000 |
Timeline for Receiving the Trial Fund (UTC+8):
| 2020-07-03 20:00:00 | 2020-07-05 23:59:59 | 2020-07-07 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 “LUNA-21D” on the Pool-X platform. In addition to the staking benefits of LUNA, 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 LUNA trial fund but have not staked successfully can exclusively stake the product “LUNA-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 |
LUNA-21D | 2020-07-09 20:00:00- 2020-07-10 23:59:59 | 8% + POL Rewards | 25,000 | 10,000,000 | 2020-07-11 00:00:00 - 2020-07-31 23:59:59 | All Users |
LUNA-Staking | 2020-07-09 20:00:00- 2020-07-31 23:59:59 | POL Rewards | 25,000 | 5,000,000 | Locked after subscription | Trial Fund Only |
Notes:
1. During the validity period of the LUNA trial funds, users can participate in Staking on Pool-X by using LUNA.
2. Stake the Fixed product “LUNA-21D” to get the staking rewards of LUNA and the POL mining rewards. Stake the Flexible product “LUNA-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 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).
3. LUNA trial funds cannot be withdrawn or transferred from Pool-X.
4. After the expiration of the LUNA trial fund, the system will automatically take back all the LUNA trial funds.
5. 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.
6. During the staking period of Fixed products, users are not allowed to redeem in advance before the deadline of the staking period. (How to redeem?)
7. 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 Terra (LUNA)
Terra is a blockchain protocol that supports stable programmable payments and open financial infrastructure development. It is supported by a basket of fiat-pegged, seigniorage share style stablecoins which are algorithmically stabilized by its native crypto asset, LUNA. The Terra PoS network is fee-based.
One part of Terra's value contributions, payments, in essence replaces the complicated payment value chain, including credit card networks, banks, and payment gateways with a single blockchain layer. With the efficiencies that Terra has provided for payment channels on both the merchant and consumer sides, it continues to steadily provide infrastructural improvements and tools that are laying down the foundations for a credibly neutral, distributed, and radically transparent ecosystem. Bolstered through the initial mass adoption of Terra's blockchain infrastructure that is powering its partner, CHAI, which has amassed over 1.4 million users to date, Terra is moving naturally towards ecosystem building that offers competitive programmable payments, logistics, and infrastructure to power the plethora of industry that will be built on efficiency and scale.
Terra was created in January 2018 with the singular vision of facilitating the mass adoption of cryptocurrencies by creating digitally native assets that are price-stable against the world's major fiat currencies. Keeping in mind that previous innovations in the technology of money was bootstrapped by large payment networks (Alipay with Taobao, PayPal with eBay, Visa with banks), Terra was born with the support of the Terra Alliance, 15 large e-commerce companies in Asia that collectively process 25 billion USD in annualized transaction volume and 45 million users. The vision of the project is that with the adoption and user engagement of a massive payment network, it will be able to, for the first time, bootstrap a blockchain payment network to the scale it deserves and facilitate far more powerful products and use cases through its infrastructure.
During conversations between co-founders Daniel Shin and Do Kwon, the concept of Terra began as a solution towards immediate and massive usage of the cryptocurrency and blockchain infrastructure being built around them. To them, price stability and adoption were important in preparing the first steps towards massive adoption of cryptocurrency and blockchain infrastructure. Daniel Shin, with his extensive experience in building one of the biggest e-commerce platforms in Asia, laid out the existing problems we face in payment networks that cannot be solved through just incremental improvements. Do Kwon, previously a founder of a wireless mesh network startup building decentralized applications, explained how Terra can turn those problems into an opportunity to build money from the ground up.
Reference Websites:
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