🌈Staking Guideline
Last updated
Last updated
Welcome to join the staking of $HubX to earn points! These points can be used to redeem universal raffle tickets on the HubX platform, giving you the opportunity to participate in any raffle event hassle-free.
First, let's go over the points calculation rules for staking $HubX: Every hour, the staked asset $HubX is captured and its value is converted to BTC value. After staking, you'll receive daily HubX points equivalent to (the staking value in BTC) * 10,000, rounded to the nearest whole number.
Once you understand the rules, you can begin staking.
First, ensure you have $HubX in your wallet. If not, you can purchase them on the UniSat: https://unisat.io/?tick=hubx
Click on "Stake" to get started. You'll need to connect your BTC wallet and then follow the prompts to transfer the desired amount of $HubX to the HubX official platform.
It's important to note that the transfer of inscription is different from other tokens. You'll need to complete minting in your wallet before initiating the transfer.
You can refer to the example below to complete the minting step by step, and then transfer the $HubX to the HubX official platform.
Once the transfer is successful, you'll see the $HubX you staked on the staking dashboard.
After successful staking, you'll receive staking points rewards for the previous day before 0:00 UTC . These rewards can be used to redeem universal raffle tickets.
Once you've successfully redeemed universal raffle tickets, you can participate in any ongoing raffle event listed in the Raffle section by using 1 universal raffle ticket and waiting for the draw.
Additionally, if you want to withdraw the staked $HubX, you can do so on the staking dashboard mentioned earlier by clicking "Withdraw." Keep in mind that there will be a service fee for withdrawing $HubX, and once withdrawn, you won't be eligible for points rewards anymore.