­OKX, the prominent crypto exchange, has recently announced the mining of the popular crypto toke RUNECOIN. As per the announcement, the platform permits those who hold Bitcoin to stake their tokens for mining RUNECOIN tokens as a reward. Runecoin disclosed the respective event on its official account on X.

OKX Jumpstart Mining Permits Users to Stake BTC to Mine RUNECOIN

The platform also revealed the cumulative amount of the tokens that the users can mine in the Bitcoin staking pool. According to OKX, they can mine up to 367,500,000 RUNECOIN tokens in the staking pool. The platform has not specified any minimum staking criteria for any person. On the other hand, the maximum staking that a person can carry out is approximately 0.3 Bitcoin.

Apart from that, the company has disclosed that the consumers can stake as well as unstake their tokens at any time. The users need to accomplish the identity verification before taking part in the staking operations. Additionally, sub-accounts do not have the permission to participate in this event. Staking rewards denote the tokens that the staking participants get via the OKX Jumpstart Mining.

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The platform then calculates the respective rewards in real time. The users can redeem them at any time. In line with the staking procedure, the users need to transact their BTC tokens to the funding account. Then they require logging in to the official app of OKX to enter the Grow section. After that, they can click Jumpstart for mining tokens. Following that, they can enter the desired BTC amount to confirm. The completion of these steps can begin token mining.

The Users Can Redeem Their BTC Anytime

The crypto exchange also mentioned that the clients can unstake their tokens whenever they want. They just need to click Unstake to redeem the BTC tokens. Subsequently, the Bitcoin tokens will automatically return to the funding account. OKX added that RUNECOIN offers an exclusive opportunity for users to deal with BTC.

This reportedly paves the way for an additionally user-centric and robust ecosystem. Moreover, the development leads toward a better and more decentralized future. While discussing the jurisdictions where mining is not allowed, OKX pointed toward South Korea, Hong Kong, and Mainland China.