In order to provide users with more professional, reliable and rich liquidity mining agency services, BKEX Global has fully upgraded BKEX Smart Pool. The product details are as follows.
The upgraded BKEX Smart Pool consists of three types: Flexible Mining, Short-term Mining, Fixed Mining and Launchpool:
2. Short-term Mining: Compared with Current mining, the earnings of Flexible mining are higher. The earnings will be generated as long as users deposit and everyday earnings will be distributed in the next day. But for assets unlocking, there will be a short unlocking cycle (1 to 3 days. Different currencies have different unlocking cycle). It is a good choice for short-term holders to get value added benefits.
2. Fixed Mining: The coins/tokens need to be locked for 7 days or more, and can not withdraw in advance. Users can transfer in at any time during the collection period, and the reward of deposited assets will be calculated according to the lock-up period and estimated yield.
3. Launchpool: the platform will screen new projects from time to time for users to participate in preliminary mining, and obtain the tokens of the project. Users can participate in New Coin Mining by pledging a specific currency. During the period of mining, reward is distributed daily.
1. The yield of BKEX Smart Pool is determined by the actual situation of liquidity mining projects, and has the attribute of floating earnings;
2. Due to the different incentive mechanisms for liquidity mining projects, different participation currencies may correspond to different earning levels;
3. The APY of the products on display is estimated yield and is for reference only, and the actual yield is subject to the settlement of each product;
4.7-day APY of Smart Pool products on display refers to the average expected APY in the last seven days
1. Short-term mining:
1-1 BKEX Global will take snapshots of users' daily position balance deposited into Smart Pool products to calculate the daily average position (the sum of hourly snapshots / 24 hours), and calculate the customer's position proportion according to the daily average position of each currency in Smart Pool product, and issue earnings according to this proportion;
1-2 If the user transfers fund from the Pool, the fund will no longer be calculated by the continuous snapshot as the daily average position;
1-3 80% of the daily earnings will be distributed to the participants' account according to the proportion of the average daily positions of the participants in each currency in the total participants of the currency;
1-4 20% of the daily earnings will be used as the handling fee and commission, which belongs to the platform.
2. Fixed mining:
2-1 Earning reward includes deposited coins or other tokens, which shall be subject to the announcement;
2-2 There will be no earning reward during the period of collection and settlement;
2-3 Users participate in Regular mining, and cannot exit in advance during mining;
2-4 The reward obtained by participating in Fixed mining in each period will be determined by the number of deposited assets, duration of mining and estimated APY, that is, reward = number of deposited assets * duration of mining (days) * estimated APY / 365;
2-5 The final earnings of users is closely related to the actual mining revenue, so it may be different from the estimated APY of product on display.
3-1 The reward of Launchpool is the tokens of corresponding new projects;
3-2 Before the tokens of new projects is not listed, the APY of Launchpool is shown as zero, and the APY will be displayed normally after the token listing;
3-3 The platform will take snapshots of position users’ balance deposited in Launchpool every hour to calculates the daily average position (the sum of random snapshots per hour / 24 hours). Users’ position proportion will be calculated according to the daily positions of each pledged currency, and the reward will be calculated according to the proportion;
3-4 If users transfer out the assets in Launchpool, the asset will no longer be calculated for daily average position;
3-5 When users unlocks the assets, mining rewards will not be calculated and distributed during unlocking, and assets will be immediately after the expiration of unlocking cycle.
4. Flexible Mining:
Please refers to Description of Flexible Mining Product
2. Rewards of Short-term Mining will be automatically distributed to participants’ accounts at 20:00:00 (UTC+8) every day;
3. Rewards of Fixed Mining are generally distributed to participants’ account within 48 hours after expiration;
4. Rewards of Launchpool is automatically distributed to participants’ account every 24 hours from the beginning of mining;
5. The reward currency of BKEX Smart Pool is not fixed, which is subject to the relevant announcement or display of each product;
6. The product details of BKEX Smart Pool will be adjusted according to the market, which may be different from the current description. The product information interface or announcement shall prevail;
7. BKEX, as the platform, provides users with liquidity mining and reward distribution services for assets, and does not bear any losses caused by contract security issues in on-chain projects.
1. Rewards will of liquidity mining changes from time to time, and BKEX Global will adjust the distribution of earnings according to the actual situation;
2. The product introduction is in trial operation period, BKEX will make announcement in advance for possible changes;
3. The final explanation right of BKEX Smart Pool product is reserved by BKEX Global.
DeFi Smart Pool is a non breakeven floating earning financial management activity. Digital assets are innovative investment products with great prices fluctuation. Please make a rational judgment on your investment ability and make investment decisions cautiously. BKEX Global will carefully select quality assets, but BKEX Global shall not be liable for guarantee, compensation, etc. for investment. For other risk content, please refer to Service Agreement of BKEX Smart Pool.