GemPool
This article explains what GemPool is and how to participate it.
Table of Contents
2. How to Participate in GemPool
1. What is KuCoin GemPool?
KuCoin GemPool allows you to stake your cryptocurrencies to receive token airdrops. By staking KCS, USDT, and other specific cryptocurrencies, you can obtain new tokens at no additional cost.
As long as you have completed KuCoin’s Identity Verification and reside in an eligible jurisdiction, you are qualified to participate in KuCoin GemPool. Please refer to the Terms of Use for more details.
2. How to Participate in GemPool
During the event period, you can stake your KCS, USDT, or other tokens listed on the GemPool page. If eligible, the airdropped token rewards will be deposited into your trading account after the staking period ends. You can also collect the accumulated airdropped rewards as shown on the events page.
i. Staking on GemPool
Look for ongoing staking activities on the New Events page, select your desired cryptocurrency, and click Stake.
ii. Redeeming tokens that have been staked
Click on an ongoing staking activity, then click Redeem.
iii. How to receive staking bonuses
Click on "Complete exclusive tasks to receive a staking bonus", during the event, and easily earn up to a 10% bonus.
3. FAQs
1. Can any account balance on KuCoin be used to participate in GemPool staking?
You may use the available balance in your Trading Account to participate in GemPool staking activities. If you wish to use the balance in your Funding Account, you may also transfer from it directly to your Trading Account, without having to leave the staking page.
2. How do I claim rewards, and where can I view the rewards I’ve gotten?
Different tokens and products may have different rules for staking and redemptions. You may choose between flexible or fixed terms. Please note that rewards will no longer be calculated once redemption is done. The tokens will then be returned to your Trading Account within 1-2 hours once you choose to redeem them.
You may claim your rewards earned from staking tokens after the scheduled distribution time each day. Any unclaimed rewards will be deposited into your Trading Account automatically, about 1-2 hours after the staking period ends.
3. How are the rewards from staking tokens calculated?
Rewards from staking tokens = Your Staked Amount / Total Staked Amount of the Pool * Amount of Token Rewards for the Pool
Note: The maximum reward each person can receive is capped. This limit, known as the individual hard cap in the pool, is detailed on the event announcement page.
4. How can I earn more rewards?
You can boost your rewards by increasing your VIP level, or by participating in quizzes about new tokens and projects. Stay tuned for more!