OKX Earn Launches Conflux Staking Campaign

OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of May 30, 2023.

OKX Earn Launches Conflux Staking Campaign

OKX Earn is proud to announce the launch of its Conflux (CFX) staking campaign. New and existing users of OKX Earn will be able to participate in the campaign starting 03:00 am (UTC) on May 30, 2023.

The Conflux staking campaign will offer users who have completed advanced verification a chance to earn up to a 30% APR (Annual Percentage Rate) on CFX, the native token of Conflux, by subscribing to OKX’s CFX Simple Earn product. The CFX staking product will have a 15-day term, with other terms ranging from 3 to 120 days.

In addition to the Conflux staking campaign, OKX Earn is offering new users a chance to win a share in a prize pool worth 21,500 CFX. From 03:00 am (UTC) on May 30, 2023 to 03:00 am (UTC) on June 18, 2023, new users who have not subscribed to any OKX Earn product before May 30, 2023, and have completed advanced verification, can subscribe to any Simple Earn CFX product with a minimum of 50 CFX during the promotion period to be eligible to receive CFX rewards. The rewards will be distributed within 10 days after the end of the promotion period.

OKX Earn provides users with an opportunity to generate interest on their assets via multiple products, including Simple Earn, Loan and On-Chain Earn.

Conflux is a public Layer-1 blockchain designed to power dApps, e-commerce and Web3 infrastructure. It aims to be more scalable, decentralized and secure than existing protocols. The growth of Conflux is fueled by CFX, the platform’s native token. The token incentivizes users to engage in the Conflux ecosystem, and it is also used to pay for transactions, govern the network and compensate miners who help secure the network via staking.