Bitget launches new stake-to-mine platform PoolX

Cryptocurrency exchange Bitget has launched PoolX, an innovative stake mining platform that promises users a seamless and rewarding experience to earn popular tokens. With its first project ChatAI, PoolX brings an AI-powered social and gaming platform to the Solana blockchain, providing a new 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 tailored to specific projects, with rewards distributed hourly based on participants’ staking volume. Hourly snapshots allow users’ stakes and rewards to be accurately calculated, increasing transparency and trust.

One of the unique features of PoolX is that it has a variety of mining pools, each of which calculates its Annual Percentage Rate (APR) separately. This approach provides users with a variety of opportunities to maximize token returns tailored to different risk appetites and investment strategies. Users also retain the flexibility to redeem their staked tokens at any time, with assets automatically returned to their spot account at the end of the mining period.

PoolX’s first project is ChatAI, a dynamic social and gaming platform leveraging AI technology from 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 them, there are more than 1 million monthly active users and more than 500,000 daily concurrent users from 170 countries.

Gracy Chen, Managing Director of Bitget, emphasized the importance of empowering users with innovative cryptocurrency solutions. “PoolX represents a significant advancement in our commitment to empowering users with innovative cryptocurrency solutions,” said Chen. She said, “Through user-centric design and powerful features, PoolX will redefine the token farming experience, providing users with greater flexibility and profitability.”

The introduction of PoolX highlights Bitget’s commitment to driving innovation within the cryptocurrency space. By combining cutting-edge technology with user-centric design, the platform aims to revolutionize token farming and provide users with enhanced opportunities for growth and engagement.

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