Algorand (ALGO) Innovation Rewards
02/10/2021, 18:00:57
Dear Pool-X Users,
To celebrate the stablecoins USDT and USDC launching on Algorand, Pool-X will cooperate with the Algorand (ALGO) project to launch a series of New Year campaigns as gifts!
Activity 1: USDT & USDC Flexible Staking
| Products | Staking Period (UTC) | Expected APR (excluding POL rewards) | Soft Cap of Single User | Hard Cap of Single User | Hard Cap of Whole Platform | Redemption Period (Number of Days) |
| USDTa-Staking | 2021/02/11 10:00:00 - 2021/03/13 10:00:00 | 12% | 10 | 100,000 | 500,000 | 1 |
| USDCa-Staking | 2021/02/11 10:00:00 - 2021/03/13 10:00:00 | 12% | 10 | 100,000 | 500,000 | 1 |
Activity 2: USDT & USDC Fixed Staking
Pool-X will be launching the 21-day USDT and USDC Fixed Staking products at 10:00:00 on February 19, 2021 (UTC), with an APR of 16%! Please stay tuned!
Activity 3: 5,000,000 ALGO Trial Funds Being Given Away
Timeline for Trial Fund campaign (UTC):
| 2021.02.18 10:00:00 | 2021.02.19 10:00:00 | 2021.02.21 23:59:59 | 2021.02.23 10:00:00 | 2021.02.23 12:00:00 |
| Rules Release | Task Claim Start (Deposit/Transfer/Quiz Available) | Task Claim End (Snapshot Start/Quiz Closed) | Trial Fund Distribution | ALGO Staking Campaigns Start |
Notes:
1. Users can visit the Exchange page on the official Pool-X website to unstake assets (The trading on Pool-X Exchange will be unavailable 24 hours prior to end of staking campaign).
2. Users need to be registered on KuCoin or Pool-X to join this staking activity.
3. The user hereby confirms that participating in the staking activity is voluntary, and the KuCoin Group has not forced, interfered with, or influenced the user's decision in any way.
Algorand’s ability to meet the high-volume demands of modern financial institutions whilst offering reduced transaction costs, transaction finality and robust security has led to an increase of stablecoins to the platform - including market leaders USDT and USDC.
Risk Warning: Staking is a risk investment channel. Investors should be sensible in their participation and be aware of investment risks. The KuCoin Group is not liable for users’ investment gains or losses. The information we provide is for users to conduct their own research. It is not investment advice. The KuCoin Group reserves the right of final interpretation of the activity.
Thank you for your support!
The Pool-X Team
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