Pool-X Will Launch Hydra Chain (HYDRA) Soft Staking
02/03/2021, 18:00:12
Dear Pool-X Users,
Pool-X will be launching Hydra Chain (HYDRA) Soft Staking at 10:00:00 on February 4, 2021 (UTC). Users can deposit or transfer HYDRA to their Pool-X account to enjoy an APR of 170% -180% (will be adjusted according to that of on-chain).
In addition, users who participate in HYDRA Soft Staking between 10:00:00 on February 4, 2021 and 10:00:00 on February 11, 2021 (UTC) will receive a share of a reward pool of 6,165 HYDRA. (Users are required to hold HYDRA in their Pool-X account for at least 7 days)
*The rewards of the additional prize pool will be distributed within 7 days after the campaign ending.
The reward structure is as follows:
| Winners | Requirement | Rewards |
| 1 | Rank 1 in Net Deposit Volume, Participate in HYDRA Soft Staking Volume ≥20,000 HYDRA | 1,000 HYDRA |
| 5 | Rank 2-6 in Net Deposit Volume, Participate in HYDRA Soft Staking Volume ≥10,000 HYDRA | 500 HYDRA each |
| 20 | Rank 7-26 in Net Deposit Volume, Participate in HYDRA Soft Staking Volume ≥2,000 HYDRA | 50 HYDRA each |
| ∞ | Net Deposit Volume ≥200 HYDRA, Participate in HYDRA Soft Staking Volume ≥200 HYDRA | Share the total of 1,665 HYDRA |
*Net Deposit Volume: deposits - withdrawals
How to Participate: Deposit or transfer HYDRA to Pool-X platform.
Rewards Distribution: The daily soft staking rewards will be distributed the next day. Users are able to check the rewards return at "Assets Details".
Pool-X will calculate the daily rewards according to the snapshots of the amount of coin held by users. The snapshot will be taken every hour randomly each day, with the average coin amount = sum (number of coins in the snapshot of Pool-X per hour) / 24.
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