OKX Wallet to Launch Cryptopedia Season 23

Dear OKX Wallet users,

OKX is pleased to announce the upcoming launch of OKX Cryptopedia Season 23 on August 16, 2024, at 6am (UTC). During the campaign period, participating in and verifying interactive tasks with the Babylon ecosystem through Cryptopedia, you will have the opportunity to share rewards from Babylon and its ecosystem projects.

1. Rules

We are collaborating with Babylon and its restaking projects, such as B² Network, Chakra, Bedrock, Pell Network, SatLayer, PumpBTC, Fiamma, Lorenzo Protocol, and Solv Protocol, to kick off Cryptopedia S23: Babylon. In addition to the original staking incentives, participants can also earn tokens and points valued at over 150,000 USDT.

Campaign ends: December 20, 10AM UTC

• Babylon

Follow Babylon on X

• B² Network

Task 1: Follow B² on X

Task 2: Participate in B² Farming Strategy II

Reward: 100,000 USDT in B² tokens

• Chakra

Task 1: Follow Chakra on X

Task 2: Participate in Chakra's pre-staking on Babylon

Reward: 50,000 USDT in Chakra tokens

• Bedrock

Task 1: Follow Bedrock on X

Task 2: Hold 10 USDT worth of uniBTC on the Optimism chain

Reward: 5,000,000 Bedrock diamonds

• Pencils Protocol

Task 1: Follow Pencils Protocol on X

Task 2: Retweet the Pencils Protocol X Cryptopedia announcement tweet

Reward: 10,000 USDT in DApp tokens

• Pell Network (newly added)

Task 1: Follow Pell on X

Task 2: Stake BTC on Pell

Reward: 100,000 USDT in PELL tokens

• SatLayer (newly added)

Task 1: Follow SatLayer on X

Task 2: Hold at least 0.001 BTC equivalent on SatLayer

Reward: 88,000 USDT in future tokens

• PumpBTC (newly added)

Task 1: Follow PumpBTC on X

Task 2: Staking at least 0.0001 BTC Assets on Ethereum through PumpBTC

Reward: 50,000 USDT in PUMP tokens

• Fiamma (newly added)

Task 1: Follow Fiamma on X

Task 2: Retweet the event post

Reward: 10,000 USDT in Fiamma tokens

• Lorenzo Protocol (newly added)

Task 1: Follow Lorenzo on X

Task 2: Participate in Lorenzo's Babylon pre-staking

Reward: 2M Lorenzo points + 20% bonus

• Solv Protocol (newly added)

Task: Stake SolvBTC.BBN

Reward: 100M Solv Points

Note:

(1) Babylon staking has not started yet; final rewards will be based on Babylon. Bridging BTC across networks may take up to 30 minutes due to Bitcoin block confirmation times;

(2) Please verify the quests promptly. Quests that have been completed but not verified will not be eligible for potential rewards.

(3) Each quest requires a minimum of 10 minutes for verification. Please avoid verifying quests near the end of the Campaign to prevent potential failures caused by on-chain data delays.

(4) OKX reserves the right to exclude any participant from participating in this Campaign and/or cancel this Campaign without notice. Rewards are subject to participants' compliance with Terms and Conditions and are not guaranteed. Please see the Terms and Conditions for further details.

2. What is Cryptopedia?

OKX Cryptopedia is a learn to earn experience by interacting with DApps. We'll launch regular events that center around different networks. In these events, we collaborate with project partners to set up different quests which offer opportunities to win rewards. OKX Cryptopedia aims to make it simpler to search, explore, and interact with DApps. Discover promising projects and use your spare time to learn and earn in Web3!

3. How to Participate?

(1) Download the OKX App or ensure that the app version isn't lower than 6.78.0. Open the App and select Wallet from the top toggle

(2) Create a wallet or import an existing one. Then, tap Discover tab at the bottom to access the Discover page, and tap Cryptopedia: Learn to Earn

(3) Tap Season 23 Babylon to access the interactive page, and choose the DApp you want to interact with

(4) After completing the quest, wait for 10 minutes and then tap Verify

4. Project Introduction

Babylon

Babylon is a project that designs Bitcoin security sharing protocols with a vision of building a Bitcoin-secured decentralized world. Its latest development is the world’s first trustless and self-custodial Bitcoin staking protocol, which enables bitcoin holders to stake their BTC on Proof-of-Stake (PoS) systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling them to earn yield without the need for third-party custody, bridge solutions, or wrapping services.

B² Network

B² Network is a modular Bitcoin Layer2 solution. It introduces B² Rollup, the first Bitcoin rollup based on verification commitment, and B² Hub, the first Bitcoin Data Availability (DA) layer that achieves finality on the Bitcoin network.

Chakra

Chakra Network is the first modular settlement layer designed to unlock Bitcoin's liquidity across diverse blockchain ecosystems. Chakra offers a high-performance and parallelized modular settlement solution for efficient liquidity flow across Layer 2’s, AppChains, and native BTC assets.

Bedrock

Bedrock is the first multi-asset liquid restaking protocol, backed by investors including OKX Ventures and Babylon cofounder. As a liquid staking pioneer, Bedrock brings high yield and institutional-grade security to the community through uniBTC built on Babylon, uniETH built on Eigenlayer, and uniIOTX built on IoTeX.

Pencils Protocol

Scroll native gateway for yields, auctions, and multilayer rewards.

Pell Network

Pell builds an Omnichain Trust Network based on BTC Restaking, reapplying idle BTC LSD (Liquid Staking Derivatives) to Decentralized Validated Services (DVSs) to meet their cryptoeconomic security needs. This innovation not only creates economic value for stakers but also enhances security across the entire blockchain ecosystem.

SatLayer

SatLayer unlocks Bitcoin's full potential to secure all of the crypto by enabling the restaking of Bitcoin on Babylon, bringing full programmability to slashing. Bitcoin Validated Service (BVS) can easily access Bitcoin-backed crypto-economic security guarantees. Backed by Hack VC, Castle Island Ventures, Franklin Templeton, OKX Ventures, and more, SatLayer is driving the future of decentralized security through Bitcoin. SatLayer enables Bitcoin to become a productive asset with superior shared security and rewards stacking.

PumpBTC

PumpBTC serves as a Liquid Staking Solution for Babylon. Its mission is to bring DeFi into the Bitcoin ecosystem, driven by an ecosystem-centric approach and supported by seasoned DeFi experts and industry-leading partners.

Fiamma

Fiamma is dedicated to unlocking Bitcoin’s potential as the security and capital backbone of a decentralized internet. We are the first to enable optimistic on-chain ZKP verification on Bitcoin via BitVM2.

Lorenzo

Lorenzo Protocol is the premier Bitcoin liquidity aggregator, leveraging its global network to provide Bitcoin financial products and yield-bearing tokens support with creation, issuance, trading, and settlement.

Solv Protocol

Solv Protocol is a Universal Liquidity Matrix for Bitcoin, aimed at bridging Bitcoin's trillion-dollar economy to DeFi by unifying its fragmented liquidity through SolvBTC. SolvBTC provides Bitcoin holders with access to Liquid Staking Tokens, offering a simple and efficient way to earn yields on their Bitcoin across any chain.

5. Terms and Conditions

• This campaign (“Campaign”) shall be effective during such period as (i) stated on the Campaign webpage; or (ii) determined by the OKX Web3 Wallet ("OKX Wallet") or, if the Campaign organiser is a third party, such organiser (both OKX Wallet and such third party organiser referred to as "Organiser") in their full discretion ("Campaign Period").

• New or existing OKX Wallet customers who participate in Cryptopedia Season 23 from the beginning of the campaign period, complete and verify interactive tasks will have the chance to win rewards from Babylon and its ecosystem projects. Participating in this Campaign does not guarantee any value for any future airdrop.

• Rewards may be distributed to the user's wallet address during the Campaign Period or at such other time to be determined by the Organiser, including after the Campaign Period.

• Each of OKX Wallet and the Organiser reserves the right to exclude any wallet address from participating in this Campaign.

• Without prejudice to the foregoing, OKX Wallet and the Organiser also reserve the right to withhold rewards from and revoke the eligibility of any user or wallet address to participate in this Campaign whom they reasonably suspect is engaging in dishonest or abusive conduct, including but not limited to circumstances where users enter multiple wallet addresses to obtain additional rewards, engage in wallet address churning to earn rewards, engage in money-laundering or wash trades, or engage in any other illegal, fraudulent or harmful activity. Users and/or wallet address(es) reasonably suspected of engaging in such conduct may be banned from participating in any future campaigns on the Site and/or Platform.

• Only transactions settled using the OKX Wallet in accordance with the Campaign page and during the Campaign Period shall qualify for any reward under this Campaign.

• By using or accessing the Site, Platform, Services, a user agrees to be bound by the OKX Web3 Ecosystem Terms of Service and OKX Web3 Ecosystem Privacy Notice ("Site Terms").

• OKX Wallet and the Organiser reserve the right to interpret, modify, suspend, cancel or terminate this Campaign and/or any of the Campaign Terms at any time for any reason without prior notice. In the event of conflict, OKX's interpretation shall be final.

• If there are multiple language versions of these terms and conditions, the English version shall prevail in the event of conflict.

• OKX Wallet expressly disclaims any and all responsibility and liability for any technical, pictorial, typographical, editorial or other error or omission in this Campaign or these terms and conditions.

• For more information about OKX Wallet, please visit https://www.okx.com/web3

6. Disclaimers

• This Campaign is (i) not an offer, recommendation or solicitation of an offer to buy, sell or otherwise deal in any digital asset; and (ii) not intended to provide any advice or recommendation (regardless of investment, trading accounting, legal, tax or otherwise). This Campaign is also not intended for distribution to, or access by, any person in a jurisdiction where such distribution or access would be contrary to applicable laws or regulations. Persons accessing and/or participating this Campaign are required to inform themselves about and observe such restrictions. Digital assets are speculative and highly volatile, may become illiquid at any time, and are high-risk. Persons dealing in digital assets may lose the entire value of their assets.

• The value of digital assets, including but not limited to stablecoins, can and do fluctuate greatly from time to time. The value of any reward under this Campaign at the time a participant qualifies for such reward may not be equal to the value of such reward at the time of distribution to the participant. Due to such fluctuations, users may experience a significant increase or decrease in the value of their assets at any given moment.

• Participants of this Campaign are responsible for all applicable taxes, fees, costs and expenses (which may include but is not limited to connection, installation, service, gas fees and transaction costs) relating to the receipt and use of any Campaign rewards. © 2024 OKX Wallet. All rights reserved.

OKX is committed to improving our products and services. For more information about Web3, blockchain, or OKX, you are welcome to visit our Help Center.

OKX Team
August 16, 2024