Announcement of the launch of OKB Staking and a Comprehensive Upgrade of OKX Jumpstart Rules

Dear valued customers,

OKB is a critical part of the OKX ecosystem. To give back to our OKB holders, we will conduct a comprehensive upgrade of OKX Jumpstart rules, among which, the original OKX Jumpstart token sale rules remain unchanged, and new OKX Jumpstart staking products are added.

The first OKX Jumpstart staking will commence from 09:00 (UTC) on September 10, 2020. OKB holders can stake OKB to mine new high-quality tokens in return.

I. Detailed Rules of Staking

II. Calculation Rule of Staking Rewards

The staking rewards are ZYRO tokens acquired by participating in OKX Jumpstart staking. The staking rewards is calculated in real time and can be withdrawn at any time.

Hourly User’s Rewards = the amount of personal OKB staked / the total amount of OKB staked * newly released tokens per hour

For example: If the amount of user's OKB staked is 100, and the total amount of OKB staked at that time is 100,000 along with the amount of ZYRO released per hour is 10,000, then:

The user's hourly rewards=100/100,000*10,000 = 10 ZYRO

III. Tutorial on Stake and Unstake

1. Stake process:

Step 1: Before mining starts, transfer your OKB to the Funding Account in advance;
Step 2: Log in to the OKX official website and click “Finance" - “Jumpstart";
Step 3: After mining starts, click "Stake", enter the amount of OKB and confirm;

After completing the above-mentioned three steps, you can start your mining!

2. Unstake process:

Step 1: Click "Harvest" to get staking rewards, which will be distributed to the Funding Account.
Step 2: Click "Unstake" to release OKB at any time, and the OKB unstaked will be automatically returned to the Funding Account.

IV. Project Introduction

Zyro is a decentralized trading protocol on zilliqa, developed by core members of zilliqa community. Zyro token is the governance token of zyro protocol, holders will be able to vote for future roadmap of the protocol and the way the protocol manage it’s assets with their tokens.

Private sale price of ZYRO: $0.1
The total amount of mining this time: 15,000,000 ZYRO

For more details of the project, please refer to: About ZYRO-1st Project of OKX Jumpstart Staking

V. Others

1. Users from all countries and regions can participate in our first OKX Jumpstart staking.

2. Only OKB in the Funding Account can be used for staking. Please transfer your OKB to the Fund ing Account in advance. The OKB staked will be frozen and can be unstaked at any time. The OKB unstaked can be seen in the Funding Account.

3. After mining is completed, the remaining OKB unstaked will be automatically unstaked and unfrozen. The rewards which are not harvested will be automatically transferred to the Funding Account.

4. Sub-accounts cannot participate in this event.

5. For token sale project of OKX Jumpstart, the rules remain unchanged. For details, please refer to: Enhancement of OKX Jumpstart Token Sale Rules

Regards,
OKX
September 10, 2020 (UTC)

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