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NFT-DEGO Mining Campaign Now Available on Pool-X

NFT-DEGO Mining Campaign Now Available on Pool-X

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Dear Pool-X Users,

We are honored to announce that Pool-X will start the first round of the NFT-DEGO Mining Campaign at 18:00:00 on October 24, 2020 (UTC+8), ‘Holding DEGO draws an Exclusive Co-Branded NFT, 100,000KCS for Mining ’.

The Pool-X and Dego Finance project teams have committed to generate a total of 1,000 KuCoin Mining Trams and a 100,000 KCS Mining Pool. There are two rounds in this campaign. In the first round, 300 KuCoin × DEGO co-branded NFTs will be distributed and 30,000 KCS will be harvested!

The co-branded NFT distribution will operate using the DEGO Holding Ranking of Positions (the rules are as follows). All times in this announcement refer to the UTC+8 time zone.

How to Participate in KCS Mining: (Participate Now )

  1. All KuCoin and Pool-X users can deposit/transfer DEGO to the Pool-X account to participate in this round of activities.
  2. The lucky boxes will be distributed based on the amount of DEGO held by users in the Pool-X accounts at the snapshot time.
  3. Open the lucky box to get an exclusive co-branded NFT.
  4. Go to Pool-X Assets Interface > NFT Assets > Click the ‘Mining’ button > Harvest KCS

DEGO Holding Rules:

Pool-X will take a snapshot of users’ DEGO holding amount in the Pool-X account at 18:00:00 on October 26, 2020 (UTC+8). The corresponding ranking of each user will be based solely on the total DEGO holdings in users’ Pool-X account.

RankNFT RewardTotal Allocation
No.1LV6 NFT1
No.2One of LV5 - LV6 NFT1
No.3One of LV4 - LV6 NFT1
No.4 - No.10One of LV1 - LV6 NFT7
No.11 - No.250One of LV1 - LV6 NFT240
> No.250One of LV1 - LV6 NFT50

The timeline and rules for the first round of the KCS Mining Campaign are as follows:

1. 2020/10/24 18:00:00 - 2020/10/26 18:00:00 - Ranking Period

During the ranking period, users can deposit/transfer the DEGO to the Pool-X account. Please note that only when DEGO assets are transferred to a Pool-X account can you participate in the ranking as part of the activity.

Note:The ranking list will be refreshed every 5 minutes

2. 2020/10/26 18:00:00 - Leaderboard Lock

After this time, the DEGO deposited/transferred to the Pool-X account will no longer be counted in the ranking list.

3. 2020/10/27 18:29:59 - NFT Distribution

Pool-X will distribute the corresponding NFT lucky boxes according to the final ranking result. Open the lucky box and for an opportunity to obtain Exclusive NFT assets.

Note: There are a total of 300 lucky box rewards. The top 250 DEGO holders will be guaranteed an exclusive NFT asset. Among the other users on the ranking list, 50 lucky players will receive NFT rewards.

4. 2020/10/27 18:30:00 - 2020/11/03 18:00:00 - Mining Period

Open the lucky box to obtain NFT assets. You can click "Claim NFT and Check Details" to jump to the NFT asset page. After clicking the ‘Mining’ button, you can stake NFT to participate in KCS mining.

Note: The income obtained varies with the level of staked NFT.

KCS Mining Reward:

As a KCS miner, you can yield a considerable amount of KCS tokens as a mining reward. The mining reward depends on your NFT’s Mining Power and Par Value.

1) Each Co-Branded NFT is unique, and mining efficiency for each NFT is different

2) Mining Power = NFT Par Value * Mining Efficiency

3）KCS earning per second = Total KCS Mining Pool / Total Mining Hours * (NFT Mining Power / Current Total Mining Power) / 3,600

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Note：

  1. Participating users must be registered users of KuCoin or Pool-X;
  2. The user hereby confirms that participation in the activity is voluntary, and KuCoin Group has not forced, interfered or influenced the user's decision in any form;
  3. If User A and User B have the same holding amount, we will determine the order of ranking based on the initial time the user deposited DEGO on the Pool-X account；
  4. NFT withdrawal function is not supported for this round of the event；
  5. Pool-X will perform mining operations on behalf of users: Every click on "Mining Now" button, Pool-X will be deemed to have agreed to operate the mining service for NFT holders, the mining reward will be truthfully distributed after deducting on-chain fees；
  6. The mining page will update the user's KCS earnings in real time, and the mining reward will be distributed to the miner's Pool-X account after the mining campaign ends.

Thanks for your support and understanding.

The Pool-X Team