Pool-X 7D Staking: Stake Zilliqa (ZIL) and Hold POL to Earn an APR of 5%
07/06/2020, 18:47:56
Dear Pool-X Users,
Zilliqa (ZIL) Soft Staking continues to be hot. In order to bring higher rewards and a better experience to users, the Pool-X platform will launch Zilliqa (ZIL) Staking at 20:00:00 on July 8, 2020 (UTC+8). The available staking products are "ZIL-7D'' and "ZIL-Staking".
Also, the subscription period for the next round of ZIL staking will start from 20:00:00 on July 17, 2020 (UTC+8).
Note: For users participating in ZIL-7D Staking, their total POL holdings on KuCoin and Pool-X (excluding frozen POL) must exceed or equal 1,000 POL (based on the snapshot that will be taken at 23:59:59 on July 7, 2020 UTC+8). The hard cap of the whole platform is limited, and participation is on a first-come, first-served basis.
Users who stake the fixed product "ZIL-7D" will also get a share of the POL mining rewards every day during the staking period in addition to the staking benefit from the project. Meanwhile, users who stake the flexible product "ZIL-Staking" will only get a share of the POL mining rewards every day during the staking period.
Product details can be found in the table below or you can visit the Pool-X website.
Products | Subscription Period (UTC+8) | Expected APR | Soft Cap of Single User | Hard Cap of Single User | Hard Cap of the Whole Platform | Staking Period (UTC+8) |
ZIL-7D | 2020-07-08 20:00:00 - 2020-07-09 23:59:59 | 5% + POL Rewards | 1,000 | 200,000 | 120,000,000 | 2020-07-10 00:00:00 - 2020-07-16 23:59:59 |
ZIL-Staking | 2020-07-08 20:00:00 - 2020-07-16 23:59:59 | POL Rewards | 1,000 | 200,000 | 120,000,000 | Locked after subscription |
How to Participate:
During the subscription period, all KuCoin users can go to the ‘Staking’ page of the Pool-X website and choose their desired product to stake. Check the tutorial of the subscription.
Notes
1. Due to the fact that the Pool-X platform will support the release of rewards from Zilliqa Staking, Zilliqa's Soft Staking service will be suspended from 23:59:59 on July 7, 2020 (UTC+8) until further notice.
2. For users participating in ZIL-7D Staking, their total POL holdings on KuCoin and Pool-X (excluding frozen POL) must exceed or equal 1,000 POL (based on the snapshot that will be taken at 23:59:59 on July 7, 2020 UTC+8).
3. Users need to be registered on KuCoin to join this staking activity.
4. During the subscription period, no staking rewards of the staked assets and POL mining rewards will be generated.
5. 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.
6. During the staking period of Fixed products, users are not allowed to redeem in advance before the deadline of the staking period. (How to redeem?)
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.
Pool-X will be releasing more staking services in the future. For any cooperation requests, please contact business@pool-x.io.
Thank you for your support and understanding!
The Pool-X Team