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How to participate
A step-by-step guide on participating in Bitget PoolX projects.
Terms
Stake funds and receive tokens for free. The more you stake, the greater the rewards you'll receive!
During this period, stake BGB or USDT to get a share of the 500,000 CHATAI prize pool!
To participate in staking on Bitget Pool KYC Level 1 verification is required
- Total rewards: 250,000 CHATAI
- Minimum staking amount: 50 BGB
- Maximum staking amount: 20,000 BGB
- Total rewards: 250,000 CHATAI
- Minimum staking amount: 50 USDT
- Maximum staking amount: 10,000 USDT
Token Distribution
- BGB pool reward per user = user's BGB staking amount ÷ total BGB staking amount of all participants × corresponding prize pool.
- USDT pool reward per user = user's USDT staking amount ÷ total USDT staking amount of all participants × corresponding prize pool.
- Rewards from PoolX mining pools will be distributed every hour among participants based on their staking volume.
- Bitget will take snapshots of participants' staking amounts every hour to determine their share and distribute rewards accordingly.
- The APR of each mining pool is calculated separately.
- Assets that have been staked will automatically return to the user's spot account after the mining period ends.
- All participants must strictly adhere to Bitget's terms and conditions.
- Bitget reserves the right to disqualify a participant from the promotion and confiscate their rewards if any fraudulent or illegal activities are detected (e.g., using multiple accounts to claim rewards) or other violations occur.
- Bitget reserves the right to change, revise, or cancel the terms of this promotion at any time at its discretion and for any reason without prior notice.
- Bitget reserves the right to the final interpretation of the promotion rules. Please contact our support service if you have any questions!
Our participation
If nothing changes. We plan to enter here on April 9 with the maximum in USDT, to see how the staking on the Binance exchange works with the new token SAGA.
Results
We decided to exit the pool early, and a new section PoolX has appeared on the Bitget exchange. We participated in the first one with the token CHATAI. In just over three days from a $10k deposit, we accrued 40 coins (valued at $25 today), and CHATAIUSDT is currently trading at $0.62, without a significant drop in value since listing. We also participated in the launch pool DOPE, where in two days we received 127 coins (now worth about $15, down from even less, as the token nearly dropped from $2 post-listing with no significant rebounds yet). We will not be selling either of the free coins yet. However, the takeaway here is that with a $10,000 USDT deposit, the returns are merely pennies, less than $10 per day. We will better direct these funds to other pools, for example, a pool will soon start on the Binance exchange, the announcement will be published soon. We will probably not participate in Bitget pools for now due to the very low profitability, we will monitor the availability of USDT. There are now better options available, pools on exchanges such as: Bybit, Binance, and Okx are far more profitable.
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