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OKX, a cryptocurrency exchange, has announced its new Jumpstart Mining event, ZetaChain (ZETA). Here are the details!
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OKX shared the details of its new Jumpstart Mining Event, ZetaChain (ZETA). The event will start on January 30, 2024 at 10:00 UTC. BTC and OKB holders must stake their assets to earn ZETA tokens.
To participate in the OKX Jumpstart Mining Event, you must first have an account on the OKX exchange. If you don’t have an OKX account yet, you can click here to take advantage of the commission-discounted registration link.
What are the Mining Event Rules?
To earn ZETA tokens, you must stake BTC and OKB, the exchange’s native token. The mining event will start on January 30, 2024 at 10:00 UTC and end on February 1, 2024 at 00:00 UTC.
There is no minimum stake amount per person for the mining event, but the maximum BTC amount that can be staked per person is 0.3 BTC and the maximum OKB amount that can be staked per person is 200 OKB.
BTC stakers will have a prize pool of 5,250,000 $ZETA, and OKB stakers will also have a prize pool of 5,250,000 $ZETA.
The ZETA tokens earned after mining will be given to participants on February 1, and token holders will be able to start trading on this date.
Who Can Participate in OKX event?
The OKX Jumpstar Mining Event can be attended by users from South Korea, Turkey, Russia, Ukraine, Georgia, Belarus, Kazakhstan, Uzbekistan, Armenia, Moldova, Azerbaijan, Tajikistan, Kyrgyzstan, and Turkmenistan. In addition, users who wish to participate in the event must complete KYC verification of their accounts.
How to Stake?
Before starting mining, BTC and OKB must be transferred to the OKX exchange account that has been opened and has KYC verification completed.
After completing the asset transfer, you need to go to the Jumpstart option from the Finance tab on the main page and then click on the project you want to participate in to go to the relevant page. Then, going to the event page, you need to specify the asset and amount you want to stake and click on Stake. After completing these steps, you will have started mining!
You can click on Unstake to release your locked BTC and OKB assets at any time. After clicking, your BTC or OKB assets will automatically return to your account.
If you do not unstake early before the mining ends, it will be automatically distributed to your account when the mining process is complete.
What is ZetaChain (ZETA)?
ZetaChain (ZETA) is a blockchain protocol that runs on a decentralized network and supports smart contracts. Also, ZETA is the only public blockchain with smart contracts that can manage assets, data, and liquidity on any network, including Bitcoin and Ethereum. Besides, it is a secure and scalable blockchain network. It allows developers to perform efficient transactions using blockchain technology.
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