Bitget PoolX: Enjoy Substantial Annual Returns

In the cryptocurrency industry, traditional staking generally involves locking assets (tokens) for a fixed period to earn returns. This method is often seen in IEOs and Launchpools. One clear advantage of this approach is that it provides passive income, allowing investors to earn while they sleep. However, a significant drawback is that it restricts users' assets, preventing timely responses to unforeseen circumstances.

Bitget PoolX addresses this disadvantage by offering a more flexible alternative that allows users to redeem their staked tokens from the staking pool at any time. This flexibility enables users to earn staking rewards without sacrificing liquidity, making it an ideal product for those who prefer to manage their assets flexibly.

PoolX: Flexible and Higher Yielding

Comparing individual project returns, especially APRs, PoolX may not match Launchpad or Launchpool. However, PoolX far exceeds these in terms of the number of new projects. Since the launch of its first project, CHATAI, on April 8th, Bitget PoolX has launched 71 projects, averaging a new project every two days. Comparisons with other platforms have shown that in mainstream staking scenarios for BTC, ETH, and USDT, the average returns in Bitget PoolX are significantly higher.

Many users calculate the actual ROI for each project they participate in. The flexibility of PoolX enables them to quickly shift their investments to projects offering better returns when higher yields become available. Given the frequent listing of new projects on PoolX, participating in a stake-to-mine project daily can lead to astonishing cumulative returns.

Many wonder why Bitget, which already offers Launchpad and Launchpool, would introduce a similar product. The answer lies in user demand.

Undoubtedly, Launchpad and Launchpool can often create significant wealth effects. Generally, users benefit in two ways from a single Launchpool project: from the project tokens themselves, including those earned through staking and potential increases in token value (new tokens often show significant growth potential); and from the profits of staking tokens (for example, staking stablecoins like USDT yields little to no additional profit).

Recent Launchpool promotions by Bitget exemplify this, with more than half of the projects achieving an average annualized return exceeding 140%, a remarkable level of profit for any financial product. As participation in each Launchpool grows, so does the number of BGB holders, contributing to a sustained rise in its price. In 2023 alone, BGB reached seven new highs, starting the year at $0.18 and increasing by 282.8% in less than a year. Since the beginning of 2024, BGB has repeatedly set new all-time highs, peaking at $1.48.

With high token earnings and the continuous rise in the price of BGB, user demand for Bitget to launch more Launchpools has intensified. Therefore, the introduction of PoolX fulfills users' demand for staking financial products. Moreover, PoolX offers a greater variety of projects compared to Launchpad and Launchpool, enabling users to maximize their capital on a daily basis.

This is indeed the greatest advantage of PoolX. While Launchpool promotions might occur once a month and Launchpad promotions perhaps every two months, PoolX offers opportunities almost daily. Based on the average APR of projects launched on PoolX, users participating in every project can potentially earn approximately $60-70 each time. Although individually not substantial, these daily opportunities accumulate significantly over time!

Bitget's Tips for Mastering These Staking Financial Products

For users, most of these staking financial products can generally be categorized as risk-free arbitrage investments. Therefore, users can prioritize their options as follows: they should participate in Launchpad and Launchpool first, as these offer higher returns, and the tokens obtained can be sold or used in other financial products. After Launchpad and Launchpool promotions end, users can then consider participating in promotions on PoolX. Although the returns are lower compared to the former two, the high number of projects allows for the accumulation of small profits over time.

Additionally, if you prefer not to sell the tokens earned through staking, you can benefit from our savings selection, which includes up to 200 types of cryptocurrencies (including USDT) with fixed or variable interest rates, offering APRs far higher than other exchanges.

Let's assume an initial principal of $100,000. Here's a preliminary calculation of the approximate earnings after participating in Launchpool, PoolX, and Savings:

- After 10 days of Launchpool at a 146% APR, the assets grow to $104,000 USDT;

- Then, after 10 days of PoolX at a 35% APY, the assets grow to $104,997 USDT;

- Finally, after depositing both the principal and rewards into Savings for 10 days, which offers an APR of 4%, the assets grow to $105,112 USDT.

That means after one month only, you can make an extra $5000 on Bitget from a principal of $100,000.

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.