Crypto exchange Bitget has launched PoolX, an innovative stake-to-mine platform that promises users a seamless and rewarding experience in earning popular tokens. With inaugural project ChatAI, PoolX introduces an AI-driven social and gaming platform on the Solana blockchain, offering a fresh perspective on token farming.
Unlike traditional staking mechanisms, PoolX allows users to stake specific coins and receive popular tokens as rewards. The platform operates through mining pools, each tailored to a specific project, with rewards distributed hourly based on participants’ staking volume. Hourly snapshots ensure accurate calculations of users’ shares and rewards, enhancing transparency and trust.
One of PoolX’s distinctive features is its diverse range of mining pools, each calculating its Annual Percentage Rate (APR) separately. This approach provides users with varied opportunities to maximize their token earnings, catering to different risk appetites and investment strategies. Moreover, users retain the flexibility to redeem staked tokens at any time, with assets automatically returning to their spot accounts after the mining period concludes.
The inaugural project featured on PoolX is ChatAI, a dynamic social and gaming platform leveraging AI technology on the Solana blockchain. With a rapidly expanding community spanning multiple regions including Japan, Taiwan, Hong Kong, Nigeria, and Vietnam, ChatAI boasts over 5 million registered users. Among these, more than 1 million are active on a monthly basis, with over 500,000 concurrent users daily across 170 countries.
Gracy Chen, Managing Director of Bitget, emphasized its significance in empowering users with innovative crypto solutions. “PoolX marks a significant advancement in our commitment to empowering users with innovative crypto solutions,” Chen stated. “With its user-centric design and robust features, PoolX will redefine the token farming experience, offering greater flexibility and profitability to our users.”
The introduction of PoolX underscores Bitget’s dedication to driving innovation within the cryptocurrency space. By combining cutting-edge technology with user-centric design, the platform aims to revolutionize token farming, providing users with enhanced opportunities for growth and engagement.
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