What is OKX Jumpstart? Guide to participate in OKX Jumpstart

1. What is OKX Jumpstart?

OKX Jumpstart is a launchpad platform of the OKX exchange, launched in March 2019. OKX Jumpstart facilitates new cryptocurrency projects to have the opportunity to raise funds from the community of investors and users on the OKX exchange. Interested individuals can purchase the project's tokens before they are officially listed on the exchange.

2. The participation mechanism of OKX Jumpstart

2.1. Conditions for participation

Users register for an OKX account and complete KYC2 verification.
Participants must use their primary OKX account; sub-accounts are not accepted.
To participate in Public Sales projects on OKX Jumpstart, users must hold OKB.
OKX Jumpstart will restrict users from certain countries and regions.

2.2. Cách thức tham gia

Step 1: Maximize the amount of OKB held

The number of tickets you can receive depends on the average amount of OKB held during the 3 days prior to the registration day. This amount is calculated based on daily snapshots of your holdings over these 3 days.

The amount of OKB held will be recorded in the user's OKX Funding, Spot, and Earn accounts.

Step 2: Register

Open the Registration page, select "Register Now," and enter the number of tickets you wish to purchase.
Use OKB to pay for the tickets.

Step 3: Receive rewards

After registration ends, the system will conduct a lottery and distribute winning tickets on the same day.
Specific winning results will be available on the event page.
If you do not win a participation ticket, the OKB will be refunded to your Funding account on the same day.

3. Projects on OKX Jumpstart

Recently, OKX Jumpstart has attracted a significant community participation from the Sui Network project, with a growth of over 515% from the listing price compared to the current price. Theblock101 will compile the projects on OKX Jumpstart from recent years.

3.1. Sui Network (SUI)

Sui is a layer-1 blockchain developed by Mysten Labs, researched and built using the Move programming language. Sui is horizontally scalable to maintain low gas fees while achieving high transaction throughput.

Sui successfully raised $36 million in its Series A funding round and $300 million in its Series B round, with participation from investors such as a16z, Binance Labs, Coinbase Ventures, Circle Ventures, Lightspeed Venture Partners, and others.

3.2. Taki (TAKI)

Taki is a global social network where users can earn social tokens by participating in the community. Users can earn $TAKI on the Taki APP through interactions and content creation, such as writing posts or comments.

$TAKI can then be used to purchase Coins that represent the value and influence that creators bring to Taki. Users can use $TAKI and Coins to reward others, increase their audience, and share ownership in Taki.

3.3. Element Black (ELT)

Element Black (ELT) is a company developing Social-Fi NFT Games with a goal to build an NFT 2.0 ecosystem and a Create-to-Earn model. Their project aims to become a platform for distributing User-Generated Content NFTs (PUGC NFTs) in the new era. Element Black serves not only as an NFT platform but also as a bridge connecting celebrities and fashion brands from Web 2.0 to the social experiences of Web 3.0 NFT.

To date, ELT has established deep partnerships with global music stars Akon and DJ Snake, as well as Sid Ganis, former president of the Oscars.

3.4. KlayCity (ORB)

KlayCity is a Play-to-Earn (P2E) game built on the Klaytn blockchain. KlayCity immerses players into a virtual reality gaming world where owners of NFTs within Districts become key characters, able to participate in governance, exploration, and earn money within this space. The $ORB token is used to explore new Districts or to upgrade existing ones.

3.5. Chingari (GARI)

Chingari is a social media app from India that integrates blockchain and DAO features, built on the Solana blockchain. This platform connects the community through Chingari and the $GARI token, giving users direct control over their assets.

Chingari serves not only as a platform for creating creative short videos but also supports users in various other fields such as social audio, social commerce, social tech education, and many other entertainment activities, all integrated into the blockchain.

4. The frequently asked questions (FAQ)

Here are the answers regarding OKX Jumpstart:

Q: When does Jumpstart launch projects?
A: OKX Jumpstart provides users with opportunities to experience high-quality blockchain projects at various times. For all events, OKX prepares and announces related rules in advance so that users can prepare for their participation. You can follow the latest news and announcements on OKX.

Q: How can one participate in Jumpstart?
A: Firstly, you need to create an OKX account or log in with your existing account. Secondly, ensure you have completed KYC level 2 verification. Lastly, you need to hold a certain amount of OKB to stake before participating. After logging in, you can find Jumpstart on the website and access the homepage for details. Simply click on the screen to complete staking or unstaking your OKB.

Q: What types of events does Jumpstart offer?
A: Currently, OKX Jumpstart offers two types of events - Mining and On Sale. With OKB staking, Mining allows users to receive tokens issued by related projects as rewards. Each event has its own stake time and separate total stake limit, following the principle of "more stake, more tokens." The Sale model uses "Commit + Draw" to distribute tokens, including position verification, commitment, reward verification, and distribution. Moreover, OKB is the only token officially accepted for commitment throughout the process. Both models do not apply to users in restricted countries/regions, and eligible participants should refer to OKX's announcements for guidance.

5. Conclusion

Here is the information about OKX Jumpstart that Theblock101 wants to share. OKX Jumpstart provides an opportunity to purchase tokens before they are listed on exchanges, but it's important to note that careful monitoring and thorough evaluation are essential when investing in any project.