Introducing RUNECOIN (RSIC•GENESIS•RUNE) on OKX Jumpstart
The OKX Jumpstart Mining will commence at 7:00 am UTC on April 29, 2024. BTC holders can stake BTC to mine RUNECOIN tokens in return.
I. Staking rules Token staked BTC Token earned RUNECOIN Amount of mineable tokens in BTC staking pool 367,500,000 RUNECOIN Mining period 7:00 am UTC on April. 29, 2024 - 7:00 am UTC on April. 30, 2024 Minimum staking per person None Maximum staking per person for BTC 0.3 BTC Staking period Stake and unstake at any time Opening time for mined token trading April.30, 2024 until further notice
Ⅱ. Conditions of participation The following countries and regions are ineligible in this campaign: Mainland China, Hong Kong, and Korea. Need to complete identity verification. Sub-accounts cannot participate in this event.
III. Calculation of staking rewards 1. The staking rewards refer to tokens acquired by participating in OKX Jumpstart Mining, which are calculated in real-time and can be withdrawn at any time. 2. Users' per minute rewards = The amount of their staked token / Total amount of staked token * The amount of tokens released per minute. For example: If a user has staked 0.1 BTC, the total amount of BTC staked at that time is 1,000, and the amount of tokens released per minute is 10,000, then the user's per-minute rewards would be calculated as follows:User's per minute rewards = (0.1 / 1,000) * 10,000 = 1 (token). IV. Staking and unstaking directions 1. Staking process: Step 1: Before the mining starts, transfer your BTC to your funding account.Step 2: Log in to the OKX official APP, go to the Grow section, and click Jumpstart.Step 3: After the mining starts, click Stake, enter your desired amount of BTC and confirm. After completing these three steps, you'll start mining!
2. Unstaking process: Click Unstake to release your BTC at any time, and the BTC will be automatically returned to your funding account.
3. If you don't unstake early before the end of mining. When the mining is done, the tokens staked as rewards will be automatically distributed to your funding account within 2 hours after the event ends.
4. The time to enable deposit, withdrawal, and trading will be announced later.
V. IntroductionAbout Runecoin (RSIC•GENESIS•RUNE) Runecoin (RSIC•GENESIS•RUNE), built with the Runes Protocol, is the first Pre-Rune airdropped to the early adopters of Ordinals. It creates a unique opportunity for people to engage with Bitcoin, setting the stage for a more vibrant and user-centric ecosystem. This is a step towards a more decentralized and better future. Runecoin is a token designed with intention and innovation. As the 8th Rune etched on the Runes protocol with the airdrop size of 888 Satoshis, it adds a touch of 'luck' by echoing the symbolic meaning of the lucky number 8 in culture. Runecoin's 21 billion token supply also pays tribute to Bitcoin's famous 21 million 'hard cap.'
Project name: RSIC•GENESIS•RUNE Total supply: 21,000,000,000 Official website: https://runecoin.io/ Twitter: https://twitter.com/rune_coin
Distribution Category Ratio Jumpstart 1.75% Liquidity 1.25% Team 5.00% Airdrop 92.00%
VI. Others 1. Only BTC in your funding account can be used for staking. Please transfer your BTC to your funding account in advance. The BTC staked will be frozen but can be unstaked at any time. Unstaked BTC can be seen in your funding account.
2. After the mining is done, any remaining BTC that is staked will automatically be unstaked and unfrozen. Rewards will be automatically transferred to your funding account within 2 hours.
Terms and Conditions: • OKX Jumpstart Mining shall not be eligible for the following countries: Mainland China, Hong Kong, and South Korea. In addition, OKX may not make all of its services available in all markets and jurisdictions, and may restrict or prohibit use of all or a portion of the services from restricted locations, which at this time include Hong Kong (specifically regarding our derivatives-related services), Belgium, Cuba, France and its overseas territories including Guadeloupe, French Guiana, Martinique, Mayotte, La Réunion, Saint Barthélemy, Saint-Martin, Saint-Pierre-et-Miquelon, French Southern and Antarctic Lands, French Polynesia, Wallis and Futuna, and New Caledonia, Iran, India, Japan, North Korea, Malaysia, Singapore (specifically regarding our margin and derivatives related Services), Syria, the People's Republic of China, the United States of America including all U.S.A. territories like Puerto Rico, American Samoa, Guam, Northern Mariana Island, and the US Virgin Islands (St. Croix, St. John and St. Thomas), the Bahamas, Canada, the Netherlands, the United Kingdom (specifically regarding our derivatives-related services for retail users), Ireland, Bangladesh, Bolivia, Crimea, Donetsk and Luhansk of Ukraine, Uzbekistan and Malta (Please refer to Section 2.2 of OKX's Terms of Use, where we keep an updated list of jurisdictions to which OKX restricts its services from time to time). The content of the terms shall not be excluded from the laws of the country or region under which the user belongs. As a result, if you do not meet these eligibility requirements, do not use our services. Residents of Belgium, France, Ireland, Japan, the Bahamas, and the Netherlands are not permitted to open new accounts at OKX or access the services if they have not yet opened an account. • This project will only be available to eligible participants as determined by OKX at its sole discretion. • OKX reserves the right to disqualify or suspend accounts of any participant and confiscate all rewards of any participant who is found to be involved in any dishonest or abusive behavior in this activity, including but not limited to click farming, registering multiple accounts, using others' accounts, using others' KYC information to register accounts, providing false KYC information, using device farms or other malicious tools for abusive, dishonest or fraudulent purposes, engaging in laundering trades or wash trades, violation of any applicable rules or policies of OKX or any campaign or project rules or terms and conditions or announcements (as amended and restated from time to time) in connection with the project, violating local regulatory rules or any engaging in other activities with the intent or result of abusing, disrupting or undermining the legitimate operation of the project, as determined by OKX at its sole discretion. • Please note that the value of prizes may fluctuate. Due to such price fluctuations, the value of your prize may increase or decrease in value at any given moment. OKX is not responsible for fluctuations in the value of prizes due to market fluctuations. All applicable taxes, costs, and additional expenses associated with the acceptance and use of the prize are the sole responsibility of the prize recipient. • Any and all applicable taxes and all fees and additional expenses, including connection, installation, and/or service costs, related to acceptance and use of the reward are the sole responsibility of the individual reward recipient• notwithstanding anything to the contrary herein, OKX reserves the right to exclude any participant from participating in this campaign without notice. • By default, users who participate in this project have read and understood the Terms and Conditions of this project.• The sale and purchase of RUNECOIN under OKX Jumpstart Mining shall be subject to separate OKX's Terms of Service, Privacy Policy Statement, as well as Jumpstart Risk Disclosure.
OKX team, April 29, 2024
Risk Warning: This activity does not constitute and shall not be considered to be (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy or sell digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can lose value, and can become worthless. Digital assets are not insured. Past performance does not guarantee future results. You should consider the risks, and consult with your legal / tax / investment professionals, before deciding to trade or hold digital assets.
