ZetaChain (ZETA) Launches OKX Jumpstart Staking Mining Event

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OKX Jumpstart mining begins at 10:00 AM UTC on January 30, 2024. BTC and OKB holders can stake their assets to mine ZETA tokens.

Staking Rules

ParameterBTC PoolOKB Pool
Staking TokenBTCOKB
Reward TokenZETAZETA
Total Reward Pool5,250,000 ZETA5,250,000 ZETA
Mining PeriodJan 30, 10:00 UTC - Feb 1, 00:00 UTC 2024
Minimum StakeNoneNone
Maximum Stake Per User0.3 BTC200 OKB
Staking FlexibilityStake/unstake anytime

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Participation Requirements

  1. Eligible Countries: Korea, Turkey, Russia, Ukraine, Georgia, Belarus, Kazakhstan, Uzbekistan, Armenia, Moldova, Azerbaijan, Tajikistan, Kyrgyzstan, Turkmenistan
  2. KYC Verification: Must be completed

Reward Calculation

  1. Rewards are calculated in real-time and can be claimed anytime.
  2. Formula:
    User's minute reward = (User's staked amount / Total staked amount) * Tokens released per minute

Example: If you stake 100 OKB in a pool with 100,000 total OKB staked, and 10,000 ZETA are released per minute, your reward would be:
(100 / 100,000) * 10,000 = 10 ZETA/minute

How to Stake/Unstake

Staking Process

  1. Transfer BTC/OKB to your funding account before mining begins.
  2. Log in to OKX App → Grow → Jumpstart.
  3. Click "Stake," enter amount, and confirm.

Unstaking Process

  1. Click "Unstake" to release assets (returns to funding account).
  2. Unclaimed rewards auto-credit within 2 hours post-event.

About ZetaChain (ZETA)

ZetaChain is an omni-chain blockchain enabling interoperable dApps across networks (Ethereum, Bitcoin, etc.), unifying crypto assets.

Token Allocation

CategoryAllocation
Jumpstart0.50%
User Growth Pool9.50%
Ecosystem Growth Fund12.00%
Core Contributors22.50%
Purchasers16.00%
Liquidity Incentives5.50%
Validator Incentives10.00%
Protocol Treasury24.00%

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FAQ

Q1: Can I unstake my tokens anytime?
A1: Yes, staking is flexible with no lock-in period.

Q2: When will ZETA trading begin?
A2: Trading opens on February 1, 2024 (exact time TBA).

Q3: Is there a minimum stake amount?
A3: No minimum stake requirement for either pool.

Q4: How are rewards distributed?
A4: Rewards auto-credit to your funding account post-mining.

Q5: Which countries are eligible?
A5: See the "Participation Requirements" section above.

Q6: What’s ZetaChain’s unique value?
A6: It enables cross-chain dApps, integrating assets like Bitcoin and Ethereum seamlessly.