CYBEX will officially launch the event - Lock up BTC to Mine PCX on July 16 18:00. Users shall one-click lock up BTC and wait for 30 days to enjoy the benefit from mining PCX. The locked-up BTC will be released into the account automatically and users will get the benefit from mining PCX, upon the completion of lockup period.
- Event Details
Time for locking up your BTC: July 16, 2019 18:00 - July 19, 2019 18:00
Participation Threshold: The minimum lock up amount is 0.01 BTC, and the upper limit of locking up your BTC in each account is 10 BTC.
Time for Unlocking BTC: August 22, 2019
Bonus Releasing Time: August 23, 2019
For detailed calculation on the benefits, please refer to the link: https://github.com/chainx-org/ChainX/wiki/%E5%85%85%E5%80%BC%E6%8C%96%E7%9F%BF
2. Participation Process
(1) Deposit BTC on CYBEX Exchange, and then, click to participate in the event - Lock up BTC to Mine PCX during the event time.
(2) Users can add lock up more BTC for multiple times before the expiration of the event on July 19 18:00. The maximum lockup amount is 10 BTC.
(3) CYBEX will record the lock-up amount after the end of lock-up period and deposit BTC to mine PCX on ChainX. The lock-up period is 30 days, and the redemption time is 3 days, which is users can unlock the assets to claim BTC on August 22, and they can receive PCX benefits from locking up BTC to mine PCX on August 23.
(1) The minimum lock-up amount is 0.01 BTC in the event. Please ensure that your account has enough CYB since the locking up will charge for a certain amount of CYB as processing fee.
(2) CYBEX will calculate the lock-up benefits on July 20 for the convenience, which means users can receive the benefit from locking up BTC to mine PCX on August 23. Cybex will charge for 10% benefits from mining PCX as processing fee.
(3) Cryptocurrency investment is subject to high market risk. Please make your investments cautiously.
*CYBEX has the right of final interpretation of the event.
PCX is the ecological (ECO) token of ChainX with a total amount of 21 million. ChainX is an asset inter-chain project based on Polkadot, and it is also an official cooperation project of Polkadot. It has already supported BTC inter-chain, and will gradually support ETH, EOS, BNB and other mainstream coins.
Based on deposit mechanism to mine PCX of ChainX, the system will never generate PCX directly whatever users deposit BTC or map DOT. Instead, it will automatically convert deposited BTC to equal amount of PCX mining power on the basis of the rule, in order to receive bonus of every dividend cycle.
CYBEX launches the event - Lock up BTC to Mine PCX. Users can deposit and lock up BTC on CYBEX Exchange to receive the benefits from mining PCX.
July 16, 2019
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