Bitget PoolX is listing Green Bitcoin (GBTC) : Stake BTC to mine GBTC
Bitget
2024-04-26 02:30
Bitget PoolX is listing Green Bitcoin (GBTC), Green Bitcoin is a gamified staking platform that allows participants to earn rewards by predicting Bitcoin price action.
PoolX, Bitget's latest stake-to-mine platform, allows users to stake specific coins to earn popular tokens. Each PoolX project will feature one or more mining pools, with token rewards distributed hourly based on participants' staking volume.
Mining pool details
| BTC pool |
75,000 GBTC |
| Maximum BTC staking |
2 BTC |
Token allocation:
BTC pool rewards per user = user's staked BTC ÷ total staked BTC of all eligible participants × corresponding prize pool.
Mining period: 8:00, 26th Apr - 8:00, 6th May (UTC)
Rules:
- Token rewards from PoolX mining pools will be distributed hourly to participants based on their staking volume.
- Bitget will take a snapshot of each participant's stake every hour to determine their share and distribute rewards accordingly.
- Rewards are distributed hourly. When a user stakes during hour H, the staked amount is calculated at H+1 o'clock, and the rewards are distributed at H+2 o'clock. (For example, if a user stakes at 10:46 AM, the staked amount is confirmed at 11:00 AM, and the rewards are distributed to the user at 12:00 PM).
- When a user stakes before PoolX starts, the staked amount is calculated at the first hour, and the rewards are distributed at the second hour.
- The APR of each mining pool is calculated separately.
- Users can redeem their staked token from a mining pool at any time.
- Staked assets will be automatically returned to the user's spot account after the mining period ends.
Terms and conditions
- Participants must complete identity verification to be eligible for the promotion.
- All participants must strictly comply with Bitget's terms and conditions.
- Users must complete identity verification to participate in the promotion. Sub-accounts, institutional users, and market makers are not eligible for the promotion.
- Bitget reserves the right to disqualify any user from participating in the promotion and confiscate their rewards if any fraudulent conduct, illegal activities (e.g., using multiple accounts to claim rewards), or other violations are found.
- Bitget reserves the right to amend, revise, or cancel this promotion at any time without prior notice, at its sole discretion.
- Bitget reserves the right of final interpretation of the promotion. Contact customer service if you have any questions.
Disclaimer
Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to conduct their own research and invest at their own discretion.
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