OKX has expanded its Simple Earn product lineup to include ZBC (Zebec Protocol), offering users a straightforward way to earn staking rewards. This update provides flexible subscription options with competitive annual percentage rates (APR).
ZBC Staking Options on OKX Simple Earn
Users can choose from multiple staking periods for ZBC, each with specific subscription limits and projected returns.
Flexible 3-Day Term
- Total Subscription Pool: 800,000,000 ZBC
- Minimum Individual Subscription: 0.01 ZBC
- Maximum Individual Subscription: 50,000 ZBC
- Projected APR: 6.03%
30-Day Fixed Term
- Total Subscription Pool: 300,000,000 ZBC
- Minimum Individual Subscription: 0.01 ZBC
- Maximum Individual Subscription: 35,000 ZBC
- Projected APR: 13.96%
60-Day Fixed Term
- Total Subscription Pool: 160,000,000 ZBC
- Minimum Individual Subscription: 0.01 ZBC
- Maximum Individual Subscription: 35,000 ZBC
- Projected APR: 18.08%
These terms allow participants to select a staking strategy that aligns with their financial goals and liquidity needs.
How to Subscribe and Stake ZBC Tokens
Participating in the ZBC Simple Earn program is designed to be a user-friendly process. Here’s a step-by-step guide for both web and mobile app users.
Using the OKX Website
- Log in to your OKX account on the official website.
- Navigate to the main menu and select the 'Earn' section.
- Within the Earn dashboard, locate and choose the 'Simple Earn' product.
- Use the search function to find ZBC.
- Select your desired staking term, review the details, and confirm your subscription amount. 👉 Explore more staking strategies
Using the OKX Mobile Application
- Open the OKX app on your device and ensure you are logged in.
- Tap on the 'Earn' tab located on the bottom navigation bar.
- Browse the available products and tap on 'Simple Earn'.
- Search for the ZBC asset.
- Choose your preferred subscription period, enter the amount you wish to stake, and finalize your subscription.
Important Participation Guidelines
Before subscribing, users should be aware of the following key terms and conditions.
- Identity Verification: All participants must complete the platform's mandatory Know Your Customer (KYC) identity verification process.
- Geographical Restrictions: Residents of certain countries and regions are ineligible to participate. This list includes, but is not limited to, the United States (and all its territories), the United Kingdom, Switzerland, Malta, Hong Kong, Bangladesh, Indonesia, Bolivia, Ecuador, Ghana, Kenya, Nigeria, South Africa, Zimbabwe, and several others as specified in the full terms.
- Tax Liability: Users are solely responsible for any taxes, fees, or additional costs incurred from receiving and using staking rewards according to the laws of their jurisdiction.
- Platform Rights: The exchange reserves the right to disqualify any participant, cancel the promotion, or amend the terms and conditions at its sole discretion without prior notice.
For the most comprehensive and up-to-date information, always refer to the official terms of service on the platform.
Frequently Asked Questions
What is ZBC?
ZBC is the native utility token of the Zebec Protocol, a continuous settlement protocol that enables real-time, seamless transactions and financial streams on the blockchain.
How are the staking rewards calculated and distributed?
Rewards are calculated based on the projected Annual Percentage Rate (APR) for your chosen term. They are typically distributed at the end of the staking period for fixed terms or on a daily basis for flexible terms.
Can I unstake my ZBC tokens before the fixed term ends?
No, for fixed-term subscriptions like the 30-day or 60-day options, your tokens are locked for the entire duration. Early redemption is not permitted. Only the flexible 3-day term offers more frequent access to your funds.
Is there any risk to staking my cryptocurrencies?
While staking is generally considered lower risk than trading, it is not without potential risks. These can include smart contract vulnerabilities, fluctuations in the token's value, and platform-specific terms. Always conduct your own research before committing funds.
What happens if the total subscription pool is full?
If the maximum total subscription amount for a specific term is reached, new subscriptions will be closed. You may need to wait for an existing term to conclude or choose a different staking period with available capacity.
Do I need to hold my tokens in a specific wallet to participate?
Yes, you must hold your ZBC tokens in your main OKX funding wallet to subscribe to the Simple Earn products through their platform. 👉 View real-time staking options