OKX Jumpstart offers a unique opportunity for users to earn new tokens by staking their existing assets. The Blockchain Brawlers (BRWL) mining event was a significant occasion for the community, allowing OKB and WAXP holders to participate and earn rewards.
This guide provides a comprehensive overview of the event's structure, rules, and the project itself, serving as a reference for understanding how such initiatives work on the platform.
Event Overview and Staking Rules
The OKX Jumpstart Mining for BRWL tokens commenced at 8:00 am UTC on March 27, 2022. The event provided two separate pools for users to stake their assets and earn BRWL tokens in return.
OKB Reward Pool Details
- Token Staked: OKB
- Token Earned: BRWL
- Total Mineable Tokens: 40,000,000 BRWL
- Mining Period: March 27, 2022, to March 30, 2022 (8:00 am UTC)
- Maximum Staking Per Person: 1,000 OKB
- Staking Flexibility: Users could stake and unstake at any time during the mining period.
WAXP Reward Pool Details
- Token Staked: WAXP
- Token Earned: BRWL
- Total Mineable Tokens: 10,000,000 BRWL
- Mining Period: March 27, 2022, to March 30, 2022 (8:00 am UTC)
- Maximum Staking Per Person: 10,000 WAXP
- Staking Flexibility: Users could stake and unstake at any time during the mining period.
Trading for the mined BRWL tokens was scheduled to open on March 30, 2022.
Participation Requirements
To ensure a secure and fair environment for all participants, OKX set forth two primary conditions for eligibility:
- KYC Verification: Only users who had completed KYC 2 verification were permitted to participate in the event.
- Trading Volume: A user's accumulated trading volume must have exceeded $5,000 within the 30 days preceding the staking period.
How Staking Rewards Were Calculated
The rewards system was designed to be transparent and calculated in real-time, allowing users to see their earnings accrue.
- Real-Time Accrual: Staking rewards were calculated and accumulated on an hourly basis. Users had the flexibility to withdraw these rewards at any time.
- Reward Formula: A user's hourly reward was determined by their proportion of the total staked pool.
The formula was:(User's Staked Amount / Total Staked Amount) * Tokens Released Per Hour.
This proportional system ensured that rewards were distributed fairly based on each participant's level of commitment. 👉 Explore more strategies for identifying promising token events.
A Step-by-Step Guide to Staking and Unstaking
Participating in the event was a straightforward process designed for user convenience.
How to Stake
- Preparation: Users first needed to ensure their OKB or WAXP was transferred to their funding account before the mining started.
- Navigation: When the event began, users would log in to the OKX website, navigate to the 'Finance' section, and select 'Jumpstart'.
- Staking: On the event page, users would click 'Stake', enter the desired amount of tokens, and confirm the transaction. After completing these steps, mining would begin immediately.
How to Unstake and Claim Rewards
- Harvesting Rewards: Users could click 'Harvest' at any time to claim their accrued BRWL rewards, which would then be deposited into their funding account.
- Unstaking Assets: Clicking 'Unstake' would release the staked OKB or WAXP, which would be automatically returned to the funding account. This could be done at any time, providing full liquidity control to the user.
- Automatic Distribution: Upon the event's conclusion, any remaining staked assets were automatically unstaked, and unharvested rewards were distributed to users' funding accounts within one hour.
Introduction to Blockchain Brawlers (BRWL)
Blockchain Brawlers is a play-to-earn (P2E) game developed by WAX Studios. It features a unique and humorous cast of NFT characters within a wrestling-themed metaverse.
Project Overview
The game is centered around a collection of NFT brawlers, including limited "Founder's Edition" characters and a special Ric Flair NFT collection. Players can brawl, earn BRWL tokens, and craft gear to progress. The BRWL token is the lifeblood of the game's economy, powering all transactions and reward mechanisms within this ERC-20 protocol ecosystem.
- Project Name: Blockchain Brawlers
- Ticker: BRWL
- Total Supply: 1,000,000,000,000
- Initial Circulating Supply: 50,000,000
- Token Distribution: 80% allocated for play-to-earn rewards and 20% for market development and ecosystem growth.
Important Considerations and Policies
Participants were advised to note the following key points:
- Only assets in the funding account were eligible for staking. Staked tokens were frozen but could be unstaked at any time.
- Sub-accounts were not permitted to participate in the event.
- OKX reserved the right to disqualify participants involved in fraudulent activities or those attempting to abuse the event's rules.
- The platform retained final interpretive authority over all project rules and policies.
All investments in digital assets carry inherent risk, and participants should only invest capital they are prepared to lose.
Frequently Asked Questions
What was the primary requirement to join the BRWL Jumpstart event?
The two main requirements were completing KYC 2 verification and having a 30-day trading volume exceeding $5,000 before the staking period began. These measures were in place to ensure security and compliance.
Could users unstake their tokens before the event ended?
Yes, a key feature of OKX Jumpstart is flexible staking. Users could unstake their OKB or WAXP at any time during the mining period, with the assets returning immediately to their funding account.
How were the BRWL rewards distributed?
Rewards were calculated and accrued in real-time every hour. Users could manually harvest them at any moment during the event. Any unclaimed rewards were automatically distributed to their funding account within one hour after the event concluded.
What is the core concept behind the Blockchain Brawlers game?
Blockchain Brawlers is a play-to-earn wrestling game where players collect NFT characters, engage in brawls, and complete tasks to earn BRWL tokens. The game's economy is driven by player activity and crafting.
What was the total supply of BRWL tokens?
The BRWL token had a total supply of one trillion tokens. However, only 50 million were in circulation at the token generation event (TGE), with the vast majority allocated for in-game rewards. 👉 View real-time tools for analyzing tokenomics and project viability.
Were sub-accounts allowed to participate in the staking?
No, the event was restricted to main accounts only. Sub-accounts were not eligible to stake tokens or earn BRWL rewards through this particular Jumpstart mining event.