We’ve added Earn to our new Okcoin app, making it easier than ever to put your crypto to work. To celebrate, we are offering you up to triple the rewards when you stack STX on Earn in our app--that’s up to 30% APY paid in bitcoin. Read the FAQs
How does it work?
- Step 1: Opt-in to the promotion
- Step 2: Use Okcoin to deposit Stacks (STX) into Earn.
- Make sure you’ve completed Identity Verification level 2
That’s it, you will earn:
- Triple the rewards for 12 cycle deposits. That’s up to 30% APY paid in bitcoin
- Double the rewards for 1 cycle deposits. That’s up to 20% APY paid in bitcoin
**Note: Each cycle lasts approximately 2 weeks. 12 cycles are equal to 6 months approximately.
Eligibility: Open to new and current all Okcoin customers outside Singapore and Brunei.
Promotion eligibility start: 12:01 am PT on August 26, 2021
Promotion eligibility end: 11:59 pm PT on Sep 6, 2021
Terms and Conditions:
- Aggregate deposits of up to USD $5,000 worth of STX per customer will qualify for double or triple rewards. Deposit USD value will be calculated using STX price at the Promotion eligibility end date and time (see above)
- Customers need to pass Identity Verification level 2 prior to the eligibility end date (see above) to qualify for this promotion. Check your current Identity Verification level on the app: Account > Identity verification > Level 2 Photo ID
- Incremental rewards generated from this promotion will be automatically calculated and delivered to customers' Funding Account on the first Tuesday of every month. No action is needed.
- Actual rewards will vary depending on calculations determined by the number of miners, the amount of BTC they are burning to mine new STX and the total amount of stacked STX from stackers.
1. Where can I find Earn on the app?
See screenshots below. If you are not seeing Earn, download the latest version of the Okcoin app.
New app (Basic mode)
Access Earn by tapping on "Earn" shown in the menu at the bottom of the screen
Tap on "Earn/DeFi" shown on the home screen
2. Will deposits submitted prior to the promotion start date benefit from this promotion?
No, only deposits completed during the promotion eligibility dates (listed above) will benefit from this promotion. Remember, customers must also opt-in to participate.
3. What if I deposit more than $5,000 worth of STX?
Only a total aggregate of USD $5,000 worth of STX Earn deposits per customer will qualify for this promotion. If more than USD $5,000 worth of STX Earn deposits have been made, then customers will only earn this promotion’s rates on USD $5,000 deposited and earn standard rates on the additional amounts deposited.
4. What if I make both 1 cycle and 12 cycle deposits?
- Both deposits will be eligible for the promotion, but still subject to the USD $5,000 aggregate limit.
- We will prioritize your 12 cycle deposits towards the USD $5,000 aggregate limit before your 1 cycle deposits so you can earn more rewards!
5. Is there a limit on the number of deposits that can be made on Earn for this promotion?
No limit to the number of deposits. Each deposit made within the promotion’s eligible dates and within the deposit maximum will qualify for this promotion.
6. Does Okcoin charge a fee for Earn or for this promotion?
No, Okcoin does not charge a fee for using Earn or for this promotion. You get to keep all generated rewards.
7. What's the minimum deposit to stack STX on Earn?
Minimum deposit of 50 STX to qualify
8. Where can I learn more about Earn and stacking STX?
9. When are incremental rewards related to this promotion delivered?
Incremental rewards are delivered on the first Tuesday of every month
10. Where can I view incremental rewards in my account?
View on new mobile app:
Rewards will be displayed on the new Okcoin app in aggregate form, including both non-promotional rewards and incremental rewards from this promotion. View your rewards by tapping on the ‘Earn’ card displayed next to the ‘Portfolio’ card.
Once you’ve entered your Earn portfolio, tap on Stacks to view your total earnings for your STX deposit
View on web:
Click on ‘My assets’ > ‘account history’ to view your recent transactions. Here you will see an ‘airdrop’ trade type on a monthly basis corresponding to the incremental rewards generated from this promotion
You can also view on Earn. In the ‘My earnings’ section, the Earnings column will show the aggregate of both non-promotional rewards and incremental rewards from this promotion.
11. Will I see APYs updated to 20% or 30% once I meet promotion conditions?
No, once you’ve met all promo conditions, the APY shown on the Earn page will not be updated to reflect double or triple rewards.
12. How do I know if I’ve met promotion conditions?
Starting on September 1st we’ll send an email confirmation up to 36 hours after meeting promotion conditions. If you don’t receive this email, please make sure to check you’ve met all promo requirements.
Estimated APY rates are not guaranteed and may change without notice. Your assets in Earn are not covered by insurance against potential losses, nor are they subject to FDIC or SIPC protections. Okcoin does not provide investment or asset recommendations. Please consult your own investment/tax professional regarding your specific circumstances and objectives. Okcoin is not engaged in the offer, sale, or trading of securities.