Bitget has launched the first project on its new PoolX staking platform: ChatAI (CHATAI). ChatAI is an AI-driven social and gaming platform built on the Solana blockchain.
PoolX is a staking and mining platform where users can lock specified cryptocurrencies to earn popular new tokens. Each PoolX campaign features one or more staking pools. Rewards are distributed hourly based on each user's proportional stake in the pool.
Staking Pool Details
- BGB Staking Pool: 250,000 CHATAI (50% of total rewards)
- USDT Staking Pool: 250,000 CHATAI (50% of total rewards)
- Maximum BGB Stake: 10,000 BGB
- Maximum USDT Stake: 10,000 USDT
Token Distribution Formula
The amount of tokens you receive is calculated proportionally:
- BGB Pool: (Your Staked BGB / Total Staked BGB in Pool) * BGB Pool Token Reward
- USDT Pool: (Your Staked USDT / Total Staked USDT in Pool) * USDT Pool Token Reward
Mining Period
The staking event is scheduled from April 8th at 16:00 to April 18th at 16:00 (UTC+8).
How It Works: Key Rules
- Rewards are distributed every hour based on your share of the staking pool.
- Bitget takes an hourly snapshot of staked amounts to calculate each user's share for that hour.
The process follows a specific timeline:
- Hour H: You stake your tokens.
- Hour H+1: Your staked amount is confirmed and begins counting toward rewards.
- Hour H+2: You receive the rewards for that hour.
- For example: If you stake at 10:46 AM, your stake is confirmed at 11:00 AM, and you receive your first reward payout at 12:00 PM.
- Tokens staked before the official start time will become active in the first hour of the event, with rewards being calculated and distributed in the second hour.
- The Annual Percentage Rate (APR) is calculated separately for each staking pool.
- You can redeem your staked tokens from any pool at any time.
- When the mining period concludes, all staked assets will be automatically returned to your spot account.
👉 Explore staking opportunities here
Participation Terms and Conditions
- Participants must complete identity verification (KYC) to be eligible.
- All participants must strictly adhere to Bitget's terms and conditions.
- Sub-accounts, institutional (KYB) accounts, and market maker accounts are not permitted to participate.
- Bitget reserves the right to disqualify any user found engaging in fraudulent activity, using multiple accounts to claim rewards, or violating any rules. Rewards may be confiscated.
- Bitget retains the right to amend, revise, or cancel the event at its sole discretion without prior notice.
- Bitget holds final interpretation rights for this event. For any questions, please contact their customer support team.
Important Disclaimer for Investors
While cryptocurrencies offer high growth potential, they also carry significant market risk and volatility. It is strongly advised that investors conduct their own thorough research and understand that all investments are made at their own risk.
Frequently Asked Questions (FAQ)
What is PoolX?
PoolX is a staking platform launched by Bitget that allows users to lock, or "stake," their existing cryptocurrencies to earn rewards in the form of other new tokens.
How are my mining rewards calculated?
Your share of the hourly reward is proportional to your share of the total assets staked in your chosen pool. The platform uses hourly snapshots to determine each user's stake for that calculation period.
Can I unstake my tokens before the mining period ends?
Yes, a key feature of PoolX is that you can redeem your staked BGB or USDT at any time, giving you flexibility and control over your assets.
What is the difference between the BGB and USDT pools?
The main difference is the asset you must stake. Both pools offer an equal share of the total CHATAI token reward pool (50% each). The APR for each pool will differ based on the total amount staked in each.
Why do I need to complete KYC?
Know Your Customer (KYC) verification is a standard security and regulatory requirement for many financial platforms. It helps prevent fraud, money laundering, and other illicit activities, ensuring a safer environment for all users.
Is there any risk to staking my crypto?
The primary risk is the market volatility of the assets you are staking. While they are locked, their value can fluctuate. The staking process itself on a reputable platform is generally low-risk, but you should always be aware of market conditions.