ZKPolyhedra Network - a new JumpStart on OKX
- Details
- Created: Friday, 15 March 2024 01:08
JumpStart is a marketplace for new blockchain projects from the world's second-largest cryptocurrency exchange by trading volume - OKX, similar to Binance's LaunchPad service. It's an optimal way for crypto miners, hodlers, and traders to earn extra income. This tool allows anyone to participate in the token distribution of new top-tier projects meticulously selected by the OKX exchange. To do this, you need to freeze (stake in the pool) your Bitcoin (BTC) or Ethereum (ETH) balance for a short period (usually 1-4 days). The main advantage of OKX's JumpStart over Binance's LaunchPad is the maximum staking limit (up to 0.3 BTC or up to 3.5 ETH), which allows for a fairer token distribution by deterring "whales," thus increasing the profitability of participation in such events. Read more about the ZKPolyhedra Network project and how to participate in JumpStart below.
A bit of information about the project:
ZKPolyhedra Network (ZK) - a revolution in the digital world: enhancing computational power and integrating into the blockchain ecosystem, spanning Web2 and Web3. Foundation for growth: the zkBridge platform serves as the foundation for creating, testing, and improving proof systems - a key element of the project's vision. ZK's universal protocol: extending zkBridge capabilities for broader compatibility with Web2 and Web3 applications and integrating real assets into Web3. Advanced protocols and algorithms: establishing a reliable computational foundation to support blockchain technologies. Developer support: providing tools for developing various protocols and applications.
- Maximum token supply: 1,000,000,000 ZK.
- Token type: ERC-20.
- Token distribution: 32% - ecosystem and network development; 28% - investors; 15% - community, airdrop, and marketing; 15% - fund reserves; 10% - core participants.
Key information about the upcoming JumpStart:
- Staking coins: BTC, ETH.
- Token to receive: ZK.
- Official website: https://polyhedra.network/
- Total tokens available: 6,000,000 (3,000,000 for the BTC pool and 3,000,000 for the ETH pool).
- Mining (staking) start: March 15, 2024, 6:00 UTC.
- Mining (staking) end: March 19, 2024, 6:00 UTC.
- Total duration of mining (staking): 4 days.
- Minimum amount for staking per user: not limited.
- Maximum amount for staking per user: 0.3 BTC and 3.5 ETH. Staking and unstaking conditions: staking and unstaking at any time.
- Start of ZK token trading on OKX: March 19, 2024.
- ZK tokens will be credited in real-time and can be withdrawn at any time.
For example: if a user stakes 0.1 BTC, the total BTC tokens in staking are 1000, and the number of tokens issued per minute is 10,000, then the user's minute rewards are: 0.1 / 1000 * 10,000 = 1 (token).
Requirements to participate in the ZKPolyhedra Network JumpStart: Be registered on the OKX exchange, and pass identity verification (KYC).
Staking and unstaking:
- Log in to your OKX account or register if you don't have one.
- Complete the KYC procedure if you haven't already.
- Transfer the desired amount of BTC or ETH to your main account.
- Go to the Earn section in the top menu and select Jumpstart.
- After the mining starts (March 15, 2024, 6:00 UTC), click "Stake" and enter the desired amount of BTC or ETH, then confirm the operation. Mining will start immediately, and you will receive ZK tokens every minute.
- To withdraw BTC or ETH from staking, click "Unstake" at any time, and BTC or ETH will be automatically returned to your main account.
- If you leave BTC or ETH in staking until its end, they will be automatically credited to your main account within 2 hours after the end of mining.
- The start time of ZK token trading will be announced later on the same day.
How profitable are JumpStarts?
OKX JumpStarts are usually more profitable than Binance LaunchPads, all thanks to the low maximum limit for staking, which deters "whales" from hogging new tokens. Even the maximum staking amount of 0.3 BTC or 3.5 ETH is available to a considerable number of regular miners, traders, and hodlers.
For comparison, let me present you with a profitability calculation of the previous OKX JumpStart - JPT:
A stake was made for the maximum period (2 days for this project), investing 3.5 ETH at a rate of $2992 per 1 ETH, totaling $10472 (the maximum amount for this pool). As a result, 991.03 GPT tokens were obtained. On the same day, JPT trading began, and the coins were sold within the first 20 minutes at a price of $0.38 USDT, totaling $376 USDT. As a result, the earnings for 2 days amounted to approximately 3.6%. If the coin had been sold not at the start but at local highs of $0.8 USDT, it would have been possible to earn around 7.5%, receiving $792 USDT. Additionally, there is nothing preventing you from not selling the tokens immediately, and it is possible to earn much more on them in the future, provided that this project "takes off".
