Introducing ZETA (ZetaChain) on OKX Jumpstart

Published on Jan 26, 2024Updated on Apr 4, 20245 min read

The OKX Jumpstart Mining will commence at 10:00 am UTC on Jan.30, 2024. BTC and OKB holders can both stake BTC and OKB to mine ZETA tokens in return.

I. Staking Rules

Token staked BTC/OKB
Token earned ZETA
Amount of mineable tokens in BTC staking pool 5,250,000 ZETA
Amount of mineable tokens in OKB staking pool 5,250,000 ZETA
Mining period 10:00 am UTC on Jan.30, 2024 - 00:00 am UTC on Feb.1, 2024
Minimum staking per person None
Maximum staking per person for BTC 0.3 BTC
Maximum staking per person for OKB 200 OKB
Staking period Stake and unstake at any time
Opening time for mined token trading Feb.1, 2024 until further notice

Ⅱ. Conditions of Participation

  1. The following countries are eligible: South Korea, Turkey, Russia, Ukraine, Georgia, Belarus, Kazakhstan, Uzbekistan, Armenia, Moldova, Azerbaijan, Tajikistan, Kyrgyzstan, Turkmenistan
  2. Need to complete KYC verification

III. Calculation of staking rewards

  1. The staking rewards refer to the tokens acquired by participating in OKX Jumpstart Mining, which are calculated in real time and can be withdrawn at any time.

2.Users' per minute rewards = The amount of their staked token / Total amount of staked token * The amount of tokens released per minute
For example: If the amount of a user's OKB staked is 100, the total amount of OKB staked at that time is 100,000, and the amount of tokens released per minute is 10,000, then the user's per minute rewards is 100 / 100,000 * 10,000 = 10 (tokens).

IV. Staking and unstaking directions

  1. Staking process
    Step 1: Before the mining starts, transfer your BTC or OKB to your funding account.
    Step 2: Log in to the OKX official APP, go to the Grow section and click Jumpstart.
    Step 3: After the mining starts, click Stake, enter your desired amount of BTC or OKB and confirm. After completing these three steps, you will start mining!

  2. Unstaking process
    Click Unstake to release your BTC or OKB at any time, and the BTC or OKB will be automatically returned to your funding account.

  3. If you don't unstake early before the end of mining. When the mining is done, the tokens staked as rewards will be automatically distributed to your funding account within 2 hours after the event ends.

  4. The time to enable deposit, withdrawal and trading will be announced later.

V. Introduction
About ZETA
ZetaChain is an omnichain blockchain where you can build truly interoperable dApps that span multiple chains from Ethereum to Bitcoin and beyond — all of crypto in one place.

Distribution

Category Ratio
Jumpstart 0.50%
User Growth Pool 9.50%
Ecosystem Growth Fund 12.00%
Core Contributors 22.50%
Purchasers 16.00%
Liquidity Incentives 5.50%
Validator Incentives 10.00%
Protocol Treasury 24.00%

VI. Others

  1. Only BTC or OKB in your funding account can be used for staking. Please transfer your BTC or OKB to your funding account in advance. The BTC or OKB staked will be frozen but can be unstaked at any time. Unstaked BTC or OKB can be seen in your funding account.

  2. After the mining is done, any remaining BTC or OKB that is staked will automatically be unstaked and unfrozen. Rewards will be automatically transferred to your funding account within 2 hours.

  3. Sub-accounts cannot participate in this event.

Terms and Conditions:
1.This project will only be available to eligible participants as determined by OKX at its sole discretion.
2.OKX reserves the right to disqualify or suspend accounts of any participant and confiscate all rewards of any participant who is found to be involved in any dishonest or abusive behaviour in this activity, including but not limited to click farming, violation of any applicable rules or policies of OKX or any campaign or project rules or terms and conditions or announcements (as amended and restated from time to time) in connection with the project, violating local regulatory rules or any engaging in other activities with the intent or result of abusing, disrupting or undermining the legitimate operation of the project, as determined by OKX at its sole discretion.
3.OKX reserves the right of final decision to interpret the applicable rules and policies in connection with this project and determine all matters related to this project and related promotions. OKX reserves the right to amend the rules to this project at any time at its sole discretion. OKX's decision is always final.
4. The sale and purchase of ZETA under OKX Jumpstart shall be subject to separate OKX's terms of service, privacy policy, as well as the jumpstart risk disclosure statement.

OKX
Jan.26, 2024 (UTC)

Risk Warning: This activity does not constitute and shall not be considered to be (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy or sell digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can lose value, and can become worthless. Digital assets are not insured. Past performance does not guarantee future results. You should consider the risks, and consult with your legal / tax / investment professionals, before deciding to trade or hold digital assets.