The Launch of the Third Jumpstart Mining – Stake OKB to Earn MXT And Upgrade of OKX Jumpstart Rules

Dear valued customers,

The third OKX Jumpstart Mining will commence from 6:00 (UTC) on September 24, 2020. OKB holders can stake OKB to mine MXT tokens in return.

I. Detailed Rules of Staking

II. Calculation Rule of Staking Rewards

1. The staking rewards are MXT tokens acquired by participating in OKX Jumpstart Mining. The staking rewards is calculated in real time and can be withdrawn at any time.

2. Hourly User’s Rewards = the amount of personal OKB staked / the total amount of OKB staked*newly released tokens per hour

For example: If the amount of user's OKB staked is 100, and the total amount of OKB staked at that time is 100,000 along with the amount of MXT released per hour is 10,000, then:

The user's hourly rewards=100/100,000*10,000 = 10 MXT

III. Tutorial on Stake and Unstake

1. Stake process:

Step 1: Before mining starts, transfer your OKB to the Funding Account in advance;

Step 2: Log in to the OKX official website and click “Finance" - “Jumpstart";

Step 3: Staking is only available within 4 hours (6:00~10:00 Sep 24, 2020), click "stake" and confirm by entering the OKB quantity. Staking is not allowed beyond the specified period.

2. Unstake process:

Step 1: Click "Harvest" to get staking rewards, which will be distributed to the Funding Account.

Step 2: Click "Unstake" to release OKB at any time, and the OKB unstaked will be automatically returned to the Funding Account.

IV. Project Introduction

MixTrust is a decentralized synthetic asset issuance protocol based on Ethereum, and provides a decentralized cross-chain trading platform for synthetic assets: seamless asset synthesis, decentralized cross-chain transactions, and cross-chain mortgage lending.

Mining price of MXT: $0.002
The total amount of mining this time: 750,000,000 MXT
MXT Spot Trading: MXT/USDT 6:00 Sep 25, 2020 (UTC)

For more details of the project, please refer to: About MixTrust-3rd Project of OKX Jumpstart Mining

V. Others

1. Users from all countries and regions can participate in OKX Jumpstart Mining;

2. Only OKB in the Funding Account can be used for staking. Please transfer your OKB to the Fund ing Account in advance. The OKB staked will be frozen and can be unstaked at any time. The OKB unstaked can be seen in the Funding Account.

3. After mining is completed, the remaining OKB unstaked will be automatically unstaked and un-frozen. The rewards which are not harvested will be automatically transferred to the Funding Ac-count.

4. Sub-accounts cannot participate in this event.

5. For token sale project of OKX Jumpstart, the rules remain unchanged. For details, please refer to: Enhancement of OKX Jumpstart Token Sale Rules

Regards,
OKX
Sep 23, 2020 (UTC)

Click Here to Download OKX App >>>

Click Here for OKX Twitter >>>

Click Here to Join OKX Official Community >>>