Bitget's launchpad platform PoolX has announced the upcoming listing of Bluwhale AI (BLUAI), enabling users to stake ETH to participate in token distribution. The event offers a total of 14,000,000 BLUAI tokens for distribution, with a personal staking cap of 1,500 ETH. The staking window opens at 18:00 Beijing time on June 26 and closes at 18:00 on July 7, during which staked ETH cannot be unlocked early.
Core Event Rules and Participation Thresholds
The PoolX activity follows the classic 'stake-to-earn' model: users lock ETH into a designated pool, and BLUAI tokens are allocated proportionally based on each user's stake relative to the total pool size. The individual cap of 1,500 ETH prevents large holders from dominating the distribution. After the event, BLUAI tokens will be distributed according to the final staking data.
Bitget also introduces a net deposit incentive: during the net deposit window (17:00 June 26 to 17:00 July 6 Beijing time), users whose ETH net deposit (deposits minus withdrawals) is positive will receive a 5% ETH yield-boosting coupon after the event. First-time PoolX participants who meet the net deposit requirements can additionally receive a 15% ETH yield-boosting coupon. This dual incentive aims to attract new users while increasing platform engagement.
Timeline and Strategic Tips
Key milestones:
- Staking start: June 26, 18:00 (Beijing time)
- Staking end: July 7, 18:00 (Beijing time)
- Net deposit window: June 26, 17:00 - July 6, 17:00 (Beijing time)
- Token distribution: After July 7, on a pro-rata basis
Participants are advised to complete significant deposits before the net deposit window closes to ensure a positive net deposit and qualify for the 5% coupon. New users should make a qualifying net deposit before their first PoolX participation to activate the 15% coupon. The coupons can be applied to Bitget's ETH savings products or fixed-term deposits; specific usage rules are available on the platform.
Overall, Bitget's combination of token staking rewards and deposit coupons encourages long-term ETH holdings and user engagement. For those bullish on the BLUAI project, staking up to 1,500 ETH provides token rewards without affecting eligibility for future PoolX events (pending settlement of the current round).