OKX Jumpstart to Launch Staking of Notcoin (NOT)

OKX Jumpstart Introduces Notcoin (NOT) Staking

OKX Jumpstart, a renowned cryptocurrency platform, unveils its latest addition - Notcoin (NOT) to their staking program. The mining initiative is scheduled to kick off at 6:00 am UTC on May 13, 2024. TON token holders will have the opportunity to stake their tokens in return for NOT tokens, further diversifying their cryptocurrency portfolio.

Staking Rules and Conditions

OKX has laid out specific rules for the staking process. The total pool of mineable tokens stands at 1,283,990,271 NOT. The mining period is slated to run from 6:00 am UTC on May 13, 2024, to 6:00 am UTC on May 16, 2024. There are no minimum staking limits, while the maximum staking per person for TON is capped at 4,000 TON. Users can stake and unstake at any time, and the trading of mined tokens will open on May 16, 2024, until further notice.

However, eligibility to participate in the campaign is limited. Residents of Mainland China, Hong Kong, and Korea are excluded from this initiative. Participants must also complete identity verification.

How Staking Rewards are Calculated

The rewards from staking are computed in real-time and can be withdrawn at any moment. The per-minute rewards of users are calculated based on the proportion of their staked tokens relative to the total amount of staked tokens times the amount of tokens released per minute.

About Notcoin (NOT)

Notcoin is a community token in Ton. It gained widespread distribution through a viral game on Telegram, which already had 35 million players. The current phase concentrates on building an ecosystem around NOT, which includes a game platform and web3 projects exploration tools. The total supply of NOT is 102,719,221,714.

Terms and Conditions

OKX has stipulated that only TON in users' funding accounts can be used for staking. They advise users to transfer their TON to their funding account in advance. The staked TON will be frozen but can be unstaked at any time. Any remaining TON that is staked after the mining period will automatically be unstaked and unfrozen. Rewards will be transferred to the users' funding account within 2 hours after the end of the event. Sub-accounts are not allowed to participate in this event.