Bitget PoolX is listing Love Power Movement (LPM): Stake ETH to mine LPM
Bitget PoolX is listing Love Power Movement (LPM), the Love Power Ecosystem is a decentralized, autonomous ecosystem that creates an independent community of digital creators and offers a set of tools for monetizing the creativity of artists, designers, illustrators, and others. PoolX, Bitget's lat
Bitget PoolX is listing Love Power Movement (LPM), the Love Power Ecosystem is a decentralized, autonomous ecosystem that creates an independent community of digital creators and offers a set of tools for monetizing the creativity of artists, designers, illustrators, and others.
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
| ETH pool |
1,290 LPM |
| Maximum ETH staking |
20 ETH |
Token allocation:
ETH pool rewards per user = user's staked ETH ÷ total staked ETH of all eligible participants × corresponding prize pool.
Mining period: 25 June, 11:00 - 5 July, 11:00 (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
1. Participants must complete identity verification to be eligible for the promotion.
2. All participants must strictly comply with Bitget's terms and conditions.
3. Users must complete identity verification to participate in the promotion. Sub-accounts, institutional users, and market makers are not eligible for the promotion.
4. 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.
5. Bitget reserves the right to amend, revise, or cancel this promotion at any time without prior notice, at its sole discretion.
6. 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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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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