Bitget PoolX has introduced a new staking opportunity for Bitget Wallet (BWB), a leading global multi-functional crypto wallet. Bitget Wallet integrates five core features: wallet services, Swap trading, NFT marketplace, DApp browser, and Launchpad, offering a seamless trading experience.
What Is PoolX?
PoolX is Bitget's newly launched staking platform where users can stake designated cryptocurrencies to earn popular tokens. Each PoolX event features one or more staking pools, distributing rewards hourly based on users' staked amounts.
Staking Pool Details
| Parameter | Value |
|---|---|
| USDT Staking Pool | 2,000,000 BWB |
| USDT Staking Cap | 300,000 USDT |
Reward Calculation Formula: BWB Rewards = (Your Staked USDT / Total Eligible USDT Staked) × Pool Rewards
Mining Period
June 6, 16:00 – June 21, 16:00 (UTC+8)
Key Rules
- Rewards distributed hourly based on staked amounts.
- Bitget takes hourly snapshots to calculate reward allocations.
- Rewards are distributed with a 2-hour delay (e.g., stake at 10:46 AM → counted at 11:00 AM → rewards distributed at 12:00 PM).
- Pre-staked assets are processed in the first hour of the event.
- APR calculated separately for each pool.
- Users may unstake anytime.
- Staked assets auto-return to spot accounts after the event.
Terms & Conditions
- KYC Verification: Mandatory for participation.
- Compliance: Users must adhere to Bitget's terms.
- Restrictions: Sub-accounts, institutional/KYB users, and market makers excluded.
- Fraud Prevention: Bitget reserves the right to disqualify fraudulent users.
- Changes: Bitget may modify/cancel the event without notice.
- Final Interpretation: Bitget holds ultimate decision authority.
Disclaimer
Cryptocurrencies involve high market risk. Users should research independently and invest cautiously.
FAQ
1. How are rewards calculated?
Rewards are proportional to your staked USDT amount relative to the total eligible pool. For example, if you stake 10% of the pool’s USDT, you receive 10% of the BWB rewards.
2. Can I unstake early?
Yes, unstaking is permitted anytime without penalties.
3. When do rewards appear in my account?
Rewards are distributed hourly, with a 2-hour delay from staking time.
4. Is there a staking limit?
Yes, the USDT pool has a 300,000 USDT cap per user.
5. What happens after the event ends?
All staked USDT automatically returns to your Bitget spot account.
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