Xpool is a groundbreaking product launched by BingX that lets you stake cryptocurrencies and earn reward points for hot tokens ahead of time. The latest Xpool will feature Hyperliquid (HYPE).

Hyperliquid represents a cutting-edge blockchain platform, specifically designed to enhance the efficiency and performance of decentralized finance (DeFi) applications. At its core, Hyperliquid introduces a novel Layer 1 (L1) blockchain that is meticulously engineered from the ground up to optimize performance and scalability. This optimization is largely attributed to its proprietary consensus mechanism, HyperBFT, which plays a pivotal role in ensuring rapid transaction finality and robust security measures.

 

Xpool Schedule:

Staking Time: 2024-12-10 07:00 to 2024-12-16 07:00 (UTC)
Points Redemption Time: TBD
Spot Listing Time: TBD

*Stay tuned for future announcements on the above TBD times.

 

HYPE Xpool Details:

Prize Pool Allocation USDT Prize Pool 3,960 HYPE points
  BTC Prize Pool 2,640 HYPE points
Daily Reward Limit USDT Prize Pool 660 HYPE points
  BTC Prize Pool 440 HYPE points
Individual Staking Limit USDT Prize Pool 10,000 USDT
  BTC Prize Pool 0.1 BTC

 

HYPE Introduction:

Token's Name: HYPE
Total Supply: 1,000,000,000
Points Redemption Ratio: 1:1

 

How to Join BingX Xpool

There are four core stages in BingX Xpool token staking, reward point calculation, reward point issuance and redemption of points for tokens.
Ensure you've completed advanced KYC verification before participating.

Token Staking

● During the staking stage, stake the corresponding token within the designated time to join the Xpool.
● To ensure the fairness for staking users in Xpool, all participants are subject to a staking limit and the staking limit varies for each event. Specific details will be explained in the announcement when the project goes live in Xpool.
● Your tokens can be unstaked from the Xpool project at any time.

Calculation of Reward Points

● To ensure fairness, Xpool will take multiple random snapshots of the assets staked by participants every hour. It will randomly select three snapshot amounts, calculate the average, and use that to determine the amount of tokens staked by the user during the hour. Rewards will then be issued based on the proportion of tokens staked. Here's the calculation formula:

Hourly reward points = (user's hourly staked token amount ÷ platform's hourly staked token amount) x (daily reward limit ÷ 24)

● User A stakes at time T, the system will calculate the reward point at T+1.

Issuance of Reward Points

● Points will be issued hourly based on calculation results, and you can view them in "History" of the Xpool project page.
● After the Xpool project ends, your staked assets will automatically be returned to your Fund Account. You can view all the points earned in the project under My Points.

Redemption

● After the end of the Xpool project, BingX will redeem your points into tokens at a specific ratio. Please pay attention to official announcements for the exact timing of the redemption.The redemption can be calculated using the following formula:
Total tokens available for redemption = actual total supply of the token ÷ preset total amount of points x total reward points.
● In special cases, the token rewards from the Xpool points redemption may be credited to your Fund Account in multiple installments. Please keep an eye on official announcements for details.

 

Join Xpool

(Currently, there is no app portal. Visit the website version to participate.)

 

See Also:

BingX Xpool Introduction & User FAQ

 

Terms & Conditions:

  1. Participants are required to complete advanced KYC verification to eligible for the event.

  2. All non-individual accounts, such as market makers and brokers, cannot participate in the Xpool.

  3. Any users involved in illegal or malicious activities, such as fraud, participating with multiple accounts, reward farming, will be disqualified and have their rewards revoked.

  4. BingX reserves the right to the final interpretations of this event, including any modifications, updates to terms, or cancellations.

  5. BingX will assist users in handling issues related to Xpool. For any questions, please reach out to our online support for assistance.

 

Risk Warning:

Cryptocurrencies are highly volatile and subject to various risks, including market, project, technical and compliance-related uncertainties. Therefore, you may experience potential investment losses due to high volatility and various risks associated. Exercise caution, stay informed on the potential risks and invest prudently.


BingX Operation Team
2024-12-09


 
BingX Official Channels
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