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Academy Beginners Tutorial Article

How to earn crypto using OKEx Jumpstart Mining

2020.09.15 OKEx

A guide to earning DeFi tokens using OKB and OKEx Jumpstart Mining

Decentralized finance, or DeFi, is the crypto community's buzzword of the year, and the key drivers behind the niche's boom are the concepts of liquidity mining and yield farming.

Liquidity mining first gained traction following the rise of Compound and allows users who provide liquidity to a decentralized protocol to earn its tokens in return. Compared to traditional methods of earning passive crypto income such as savings and staking, the return from liquidity mining can be significantly high due to the current, nascent state of DeFi markets.

In order to further bolster the DeFi ecosystem and provide users with more innovative offerings, OKEx has introduced liquidity mining as a new feature of its token sale platform, OKEx Jumpstart.

What is OKEx Jumpstart?

Launched in March 2019, OKEx Jumpstart is a platform that incubates high-quality crypto projects. With the emergence of DeFi protocols and strong user demand, OKEx has launched the Jumpstart Mining initiative, allowing its users to farm DeFi tokens while supporting their chosen projects by staking OKB, OKEx's ecosystem token.

This article will guide you through the steps to start earning DeFi tokens via OKEx Jumpstart Mining using both desktop and mobile devices. You can also watch our mobile version video tutorial or follow the instructions below.

Earn crypto using OKEx Jumpstart Mining for web users

Step 1: Go to the Jumpstart section

From the OKEx homepage, navigate to Finance in the top menu and click on Jumpstart to open OKEx Jumpstart.

Step 2: View available token sales

The OKEx Jumpstart page displays the current tokens available for sale as well as summaries of previous sessions. 

In this tutorial, we will participate in the ZYRO sale, which, according to the screenshot below, was "Live" at the time of writing. The information box also displays the APY (annual yield) alongside other useful details, such as start and end times and total tokens staked.

Users should read these detailed rules before using Jumpstart Mining. After reading and understanding the rules, you can click on Start now to proceed.

Step 3: View staking details

Before you start staking your OKB to earn ZYRO, you can view important data, such as price, APY, staking rules, project introduction, token allocation, lockup period, etc.

Step 4: Stake your OKB to earn crypto

You need to transfer OKB to your Funding Account in advance in order to start staking them. The staking session does not require any KYC and you can stake a maximum of 5,000 OKB in this staking session.

Note: Rules pertaining to maximum staking quotas and KYC requirements are subject to change.

After you have acknowledged the staking rules, click Stake to proceed.

Enter the amount of OKB you would like to stake in the pop-up box and click OK to proceed.

Step 5: (Optional) Harvest your crypto and unstake your OKB

Following the steps above, you should start earning ZYRO tokens once you have staked your OKB. If you would like to collect your earned ZYRO, click Harvest to proceed. 

The earned ZYRO will now be distributed to your funding account. To view the transaction, you can click on My Assets from the top right corner of the OKEx homepage and then select the "Report Center" tab and click on View and Download under the "Account History" tab.

The transaction will be displayed as "Airdrop&Reward" under the "Funding Account" tab.

You can also withdraw your staked OKB at any time by clicking Unstake on the ZYRO token sale homepage. No lock-up period applies to unstaking and your OKB will be returned to your funding account.

Earn crypto using OKEx Jumpstart Mining for mobile users

Step 1: Go to the Jumpstart section

Start by tapping on Home at the bottom of the mobile app, followed by tapping on More in the product bar. Now, tap Jumpstart under the "Finance" tab to open the main section.

Step 2: View available token sales

You can view the current token sale and previous token sale summaries on the Jumpstart section. We will stake OKB to earn ZYRO in this example. Read the brief introduction and the schedule for the ZYRO token sale before tapping on Start now to proceed.

Step 3: Stake your OKB

Before you start staking your OKB to earn ZYRO, view the important information, such as price, APY, staking rules, project introduction, token allocations, lockup periods, etc. 

You can tap on Stake, then enter the amount of OKB you wish to stake and tap OK to proceed.

Step 4: (Optional) Harvest your crypto and review the transaction

In our example, you will start earning ZYRO once you have staked your OKB. If you would like to collect your earned ZYRO, tap on Harvest to proceed. 

The earned ZYRO will be distributed to your funding account. To view the transaction, you can tap on Assets at the bottom, followed by Funding and then History to review the transaction. The transaction will be displayed as "ZYRO Get From Activity" under the "History" section.

New Jumpstart Mining projects

ZYRO is the first DeFi protocol listed for OKEx Jumpstart Mining. OKEx Jumpstart Mining will continue to support the growth of DeFi and will list more high-quality DeFi projects in the near future.

You should also read our enhanced token sales rule to understand key changes and prepare for future participation.

Not an OKEx trader? Learn how to start trading.


Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.


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Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

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