OKX Announces Staking of BTC and ETH for Ultiverse (ULTI) Mining

OKX
has
announced
the
launch
of
its
new
Jumpstart
Mining
event,
which
will
allow
users
to
stake
Bitcoin
(BTC)
and
Ethereum
(ETH)
to
mine
Ultiverse
(ULTI)
tokens.
The
event
is
scheduled
to
commence
at
6:00
am
UTC
on
June
3,
2024,
and
will
run
until
June
6,
2024,
according
to
OKX.

Staking
Rules
and
Rewards

Participants
can
stake
BTC
or
ETH
to
earn
ULTI
tokens,
with
a
total
of
150,000,000
ULTI
tokens
available
in
each
staking
pool.
There
are
no
minimum
staking
requirements,
but
the
maximum
allowable
amount
per
person
is
0.3
BTC
or
3.5
ETH.
Users
can
stake
and
unstake
their
tokens
at
any
time
during
the
event.
Mined
tokens
will
be
available
for
trading
starting
June
6,
2024.

Conditions
of
Participation

Notably,
residents
of
Mainland
China,
Hong
Kong,
and
South
Korea
are
ineligible
to
participate
in
this
campaign.
Participants
must
also
complete
identity
verification
to
take
part
in
the
mining
event.

Calculation
of
Staking
Rewards

Staking
rewards
are
calculated
in
real-time
and
can
be
withdrawn
at
any
time.
The
formula
for
calculating
rewards
per
minute
is:

User’s
per
minute
rewards
=
(Amount
of
staked
token
/
Total
amount
of
staked
token)
*
Amount
of
tokens
released
per
minute.

For
example,
if
a
user
stakes
0.1
BTC
out
of
a
total
of
1,000
BTC
staked,
and
the
amount
of
tokens
released
per
minute
is
10,000,
then
the
user’s
per-minute
reward
would
be
1
ULTI
token.

Staking
and
Unstaking
Directions

The
staking
process
is
straightforward:
transfer
BTC
or
ETH
to
a
funding
account,
navigate
to
the
Grow
section
in
the
OKX
app,
and
click
Jumpstart.
After
the
mining
starts,
select ‘Stake,’
input
the
desired
amount,
and
confirm.
To
unstake,
simply
click ‘Unstake’
to
release
the
tokens
back
to
the
funding
account.
If
not
unstaked
early,
rewards
will
be
automatically
distributed
within
2
hours
after
the
event
concludes.

About
Ultiverse
($ULTI)

Ultiverse
aims
to
revolutionize
the
Web3
gaming
landscape
with
its
AI-driven
production
and
publishing
platform.
It
integrates
advanced
AI
and
blockchain
technology,
aiming
to
enhance
gaming
experiences
and
value
creation.
The
ecosystem
supports
AI-powered
content
creation
and
strategic
alliances,
fostering
Web3
adoption.
Ultiverse
collaborates
with
millions
of
users,
hundreds
of
games,
and
thousands
of
content
creators
to
maintain
a
dynamic
and
innovative
ecosystem.

Project
Details
and
Token
Distribution

Token
distribution
is
as
follows:

Terms
and
Conditions

Participants
from
certain
countries,
including
Mainland
China,
Hong
Kong,
and
South
Korea,
are
restricted
from
participating.
Additionally,
sub-accounts
are
not
eligible
for
this
event.
The
value
of
prizes
may
fluctuate
due
to
market
conditions,
and
any
applicable
taxes
or
fees
will
be
the
responsibility
of
the
prize
recipient.
OKX
reserves
the
right
to
disqualify
participants
engaging
in
dishonest
or
abusive
behavior.

For
more
details
on
the
terms
and
conditions,
refer
to
OKX’s
official
website.

Image
source:
Shutterstock

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