The OKX Jumpstart Mining event offers BTC and ETH holders an opportunity to stake their assets and earn ZK tokens, starting at 6:00 am UTC on March 15, 2024. Below is a detailed guide to participation, staking rules, and key project insights.
I. Staking Rules
| Parameter | Details |
|---|---|
| Stakable Tokens | BTC / ETH |
| Reward Token | ZK |
| Mineable ZK (BTC Pool) | 3,000,000 ZK |
| Mineable ZK (ETH Pool) | 3,000,000 ZK |
| Mining Period | Mar 15, 2024 (6:00 am UTC) – Mar 19, 2024 (6:00 am UTC) |
| Min/Max Staking | No minimum; Max 0.3 BTC or 3.5 ETH per user |
| Flexibility | Stake/unstake anytime |
| Trading Start | ZK trading begins Mar 19, 2024 |
II. Participation Eligibility
- Excluded Regions: Mainland China, Hong Kong, South Korea.
- KYC Requirement: Users must complete identity verification.
III. Reward Calculation
Rewards are distributed in real-time:
Per-minute rewards = (Your staked amount ÷ Total staked pool) × Tokens released per minute.
Example:
If you stake 0.1 BTC in a pool of 1,000 BTC, with 10,000 ZK released per minute:
(0.1 ÷ 1,000) × 10,000 = 1 ZK/minute.
IV. How to Stake/Unstake
Staking Steps:
- Transfer BTC/ETH to your OKX funding account.
- Navigate to Grow → Jumpstart in the OKX app.
- Click Stake, enter amount, and confirm.
Unstaking:
- Click Unstake to return assets to your funding account instantly.
- Unclaimed rewards auto-distribute within 2 hours post-event.
V. Polyhedra Network ($ZK) Overview
Vision:
- Enhance blockchain interoperability via zkBridge.
- Integrate Web2/Web3 applications and real-world assets.
Key Details:
- Total Supply: 1,000,000,000 ZK
Distribution:
- Ecosystem incentives: 32%
- Investors: 28%
- Community/marketing: 15%
👉 Explore Polyhedra Network’s zkBridge
VI. FAQ
Q1: Can I stake both BTC and ETH simultaneously?
A1: Yes, you can stake in both pools up to the individual maximum limits.
Q2: When will ZK trading begin?
A2: Trading starts at 6:00 am UTC on March 19, 2024.
Q3: Are rewards compounded automatically?
A3: No, rewards are calculated per minute but do not auto-stake.
VII. Terms & Risks
- Exclusions: Users from restricted regions (e.g., U.S., Malta) cannot participate.
- Compliance: OKX may disqualify abusive behavior (e.g., multi-accounting).
- Market Risk: Token values fluctuate; OKX isn’t liable for price changes.
Risk Warning: Digital assets are high-risk; past performance doesn’t guarantee future results. Consult a financial advisor before trading.
👉 Join OKX Jumpstart Mining now
Last Updated: March 12, 2024