Bitget, recognized as a leading cryptocurrency exchange and Web3 company, has officially launched PoolX, a novel stake-to-mine platform designed to allow users to stake specific cryptocurrencies and earn popular tokens in return. This platform represents a significant innovation in the crypto space, providing a seamless and flexible way for users to participate in token farming. The first project featured on PoolX is ChatAI, an AI-powered social and gaming platform built on the Solana blockchain, showcasing the potential for integrating AI with blockchain technology.
PoolX operates by allowing users to stake coins in one or more mining pools, with token rewards distributed hourly based on the amount staked. The platform ensures fairness and accuracy by taking hourly snapshots of staked amounts to calculate users' proportionate shares and rewards. Each mining pool offers a unique Annual Percentage Rate (APR), giving users a variety of options to maximize their earnings. Notably, PoolX provides the flexibility for users to redeem their staked tokens at any time, with assets automatically returning to their spot accounts once the mining period concludes.
ChatAI, the inaugural project on PoolX, has already demonstrated significant traction, boasting over 5 million registered users and more than 1 million active users monthly. Its global community spans over 170 countries, with a strong presence in Japan, Taiwan, Hong Kong, Nigeria, and Vietnam. This widespread adoption underscores the growing interest in AI-driven platforms within the blockchain ecosystem.
Gracy Chen, Managing Director of Bitget, emphasized the platform's user-centric design and its potential to redefine the token farming experience. 'PoolX marks a significant advancement in our commitment to empowering users with innovative crypto solutions,' Chen stated. The launch of PoolX and the inclusion of ChatAI as its first project highlight Bitget's dedication to fostering innovation and providing users with opportunities to engage with emerging technologies in the crypto and Web3 spaces.
For those interested in exploring PoolX and the ChatAI project further, more information is available here. This development not only enhances the utility and appeal of staking in the cryptocurrency market but also sets a precedent for the integration of AI and blockchain technology, offering a glimpse into the future of digital finance and social platforms.
