Bitget PoolX is listing Reform DAO (RFRM): Stake BTC and ETH to earn RFRM
Bitget
2024-08-30 03:10
Bitget PoolX is listing Reform DAO (RFRM), Reform is a Market Making DAO creating community-driven liquid markets across exchanges through protocol-owned liquidity. We transform the conventional mercenary MM model by aligning incentives between all the stakeholders: protocol, community, and MM, enabling retail liquidity, transparency, and fairness.
PoolX, Bitget's latest stake-to-earn platform, allows users to stake specific coins to earn popular tokens. Each PoolX project will feature one or more staking pools, with token rewards distributed hourly based on participants' staking volume.
Staking period: August 30, 2024, 06:00 – September 4, 06:00 (UTC)
Pre-staking start time: August 30, 2024, 04:00 (UTC)
Total prize pool: 150,000 RFRM
Staking pool 1 details
| BTC pool |
75,000 RFRM |
| Maximum BTC staking limit |
1 BTC |
| Minimum BTC Staking limit |
0.0001 BTC |
Token allocation:
BTC pool rewards per user = user's staked BTC ÷ total staked BTC of all eligible participants × corresponding prize pool.
Staking pool 2 details
| ETH pool |
75,000 RFRM |
| Maximum ETH staking limit |
8 ETH |
| Minimum ETH Staking limit |
0.002 ETH |
Token allocation:
ETH pool rewards per user = user's staked ETH ÷ total staked ETH of all eligible participants × corresponding prize pool.
Rules:
• Token rewards from PoolX staking 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 staking pool is calculated separately.
• Users can redeem their staked token from a staking pool at any time.
• Staked assets will be automatically returned to the user's spot account after the staking 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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