Bitget has introduced a new round of its PoolX staking platform, allowing users to stake Bitcoin (BTC) and Ethereum (ETH) to earn BGB tokens. Here’s what you need to know:
Key Details
- Total Reward Pool: 50,000 BGB
Staking Limits:
- BTC: Max 1 BTC per user
- ETH: Max 8 ETH per user
- Duration: August 15 (15:00 UTC+8) to August 25 (15:00 UTC+8)
How PoolX Works
PoolX is Bitget’s staking mining platform, where users lock specified assets to earn high-demand tokens. Each PoolX round features one or more staking pools, with rewards distributed hourly based on users’ staked amounts.
👉 Learn more about staking opportunities
Benefits of Participating
- Passive Earnings: Generate yield without active trading.
- Flexible Staking: Choose between BTC or ETH based on your holdings.
- Transparent Rewards: Clear hourly distribution mechanism.
FAQ Section
1. What is BGB?
BGB is Bitget’s native utility token, used for fee discounts, platform governance, and exclusive rewards.
2. How are rewards calculated?
Rewards are proportional to your staked amount relative to the total pool. Larger stakes yield higher hourly payouts.
3. Can I unstake early?
No—assets remain locked until the round concludes on August 25.
4. Is PoolX safe?
Bitget employs robust security measures, but always DYOR (Do Your Own Research) before staking.
👉 Explore Bitget’s staking features
Why Stake Crypto?
Staking has become a cornerstone of DeFi (Decentralized Finance), offering users avenues to:
- Earn APY (Annual Percentage Yield) on idle assets.
- Support blockchain networks (e.g., PoS chains).
- Diversify income streams beyond trading.
Final Thoughts
This PoolX round is ideal for long-term HODLers seeking to maximize their BTC/ETH holdings. Review the terms, assess risks, and stake responsibly!