KuCoin, a prominent crypto exchange, has recently announced the introduction of Orderly Network on its GemPool. The Orderly Network’s release on KuCoin’s GemPool now enables the staking of $ORDER to recive rewards. Earlier, only $USDT and $KCS were supported into distinct pools for farming. The platform disclosed this endeavor on its official social media account.
KuCoin Releases Orderly Network on Its KuCoin GemPool
In addition to the social media announcement, KuCoin provided the details of this development on its official website. The platform mentioned that the staking operations will commence on the 26th of this month. It also noted that it will soon list $ORDER (the native token of Orderly Network). In this respect, it encourages the consumers to wait for the next listing announcement.
In the case of details about the GemPool, KuCoin specified that it will have up to 100,000,000 ORDER tokens. Apart from that, the cumulative rewards of the GemPool will reportedly comprise 750,000 ORDER coins. This figure represents 0.75% of the cumulative token supply. Along with that, the campaign period will span between August 26 and September 9 this year. The chief staking terms include the KYC verification of the consumers interested in participation.
The Platform Offers Rewards and Extra Bonuses for GemPool Participants
Moreover, the regular reward hard capitalization per user includes specific amounts of $ORDER in the $USDT, $KCS, and $ORDER pools. In this respect, the USDT pool will have 4,500 $ORDER coins. However, the KCS and ORDER pool will have 4,500 and 6,500 $ORDER tokens respectively. In the case of rewards, there will be 225,000 cumulative $ORDER tokens in the USDT pool. On the other hand, the KCS and ORDER pools will contain 225,000 and 300,000 $ORDER coins respectively.
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Furthermore, the platform will also offer additional bonuses for the users. One of them will take into account the GemPool participants who answer all the questions in the quiz correctly. They will reportedly get an extra 10% as a bonus. The 2nd bonus focuses on the VIP participants of the GemPool. Their bonuses depend on their VIP level. KuCoin offers 10% for VIP 1-4, 15% for VIP 5-7, and 20% for VIP 8-12.