To encourage the Polkadot community and the construction of its ecosystem, OKX supports Kusama parachain slot auctions with exclusive early bird voting.Users will be able to quickly and conveniently participate in slot auctions on OKX with zero gas fees and will get DOT rewards from OKX as well as rewards from the projects that users vote for.
What is early bird voting?
OKX’s support of Kusama parachain slot auctions will allow users to vote for projects before the auction officially begins. During early bird voting, users can get rewards from both OKX and the projects they vote for. Once the official auction starts, OKX will vote on behalf of the users.
Note: The KSM used to vote during the early bird voting session will be locked and cannot be canceled.
Kusama slot auction opening time:
Kusama early bird voting: 12:00 Jun 8 (UTC) - 12:00 Jun 15 (UTC)
Kusama auction official start: 12:00 Jun 15 (UTC)
OKX early bird voting rewards: DOT rewards with an estimated 30% APY + rewards from projects
Period: 12:00 Jun 8 (UTC) - 12:00 Jun 15 (UTC)
Rules:
- Users can vote for projects before the auction officially starts via staking KSM and will get DOT rewards with an estimated 30% APY as well as rewards from the projects they vote for.
There are two parts of rewards. The DOT rewards from OKX will be distributed to users finance account within 10 workdays after the event. The project token rewards will be distributed according to its separate rewards plan, once the tokens are transferable.（Detail:"Parachain slot auction"）
- Early bird reward details:
|
Projects |
Period |
DOT Estimated APY |
rewards from projects |
|
Shiden Network（SDN） |
7 days |
30% |
Additional 3% bonus for OKX users |
|
Karura（KAR） |
30% |
Limited edition of OKX&Karura NFT，Additional 10% bonus for OKX users（KSM：KAR = 1:13+） |
|
|
Bifrost（BNC） |
30% |
Share 30000 BNC |
|
|
DataHighway（DHX） |
30% |
Estimated APY 30% |
|
|
SherpaX（KSX） |
30% |
Every 1KSM can get 15 KSX, and a chance to get 10-40% bonus |
|
|
Crust Shadow（CRU） |
30% |
1KSM：(0.07CRU+14CSM) per week |
Notes:
1. DOT rewards will be up to $100,000 worth of DOT, the actual APY will be determined by the number of KSMs voted.
2. Please refer to the slot auction page for details on the rewards plan of each project.
3. After participating in the early bird voting, the staked KSM will be locked; once the auction begins, all of the KSM that a user staked will be used to vote in accordance with Polkadot’s official rules.
4. The DOT rewards from OKX will be distributed to users finance account within 10 workdays after the event.
The entrance：
To join via web, navigate to Finance in the top menu and choose Earn. Then, enter the slot auction page through the "Parachain slot auction."
From the OKX app, select Earn from the home screen and then enter the slot auction page by tapping "Parachain slot auction"
For quick access to the slot auction page, visit https://www.OKX.com/earn/slotauction
OKX
Jun 8, 2021 (UTC)
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A step-by-step guide to purchasing and selling crypto on OKX,
Step 1: Log in to your OKX account
Before you can start buying or selling cryptocurrency on OKX, you must first log in to your OKX account. If you do not yet have an account, click Sign up and complete the registration process.
Step 2: Select Buy/Sell
Once you have logged in to your OKX account, click Buy Crypto in the upper left-hand corner of the screen to get started.
Step 3: Select your purchasing method
The next step is to choose how you would like to buy or sell . There are two primary options on OKX: Express and P2P trade.
Finally, simply confirm your transaction details.
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