KuCoin Introduces New Staking Chance to Reward FORM Holders

Crypto exchange KuCoin has introduced a new staking chance for the emerging project, Form (FORM). This lets users stake tokens and get rewards.

Crypto exchange KuCoin has announced a new staking opportunity for the emerging project, Form (FORM), enabling users to earn rewards by staking their tokens.

The campaign will commence today, February 26, and run until March 6, 2025.

KuCoin GemPool to Host FORM Staking Campaign

As highlighted in a recent press release, users can participate in USDT, KCS, and FORM staking pools to accumulate FORM tokens. The campaign will begin at 12:00 UTC on February 26 and conclude at 12:00 UTC on March 6.

In connection with this initiative, KuCoin has confirmed the listing of FORM on its exchange, with further details regarding the listing to be revealed at a later stage.

The GemPool campaign will distribute a total of 62,500,000 FORM tokens, derived from its 5 billion total supply, across all staking pools. The USDT and KCS pools will feature a daily reward cap of 900,000 FORM.

On the other hand, the FORM pool will have a lower daily reward limit of 800,000 FORM. Moreover, users are required to complete KYC verification in order to participate in staking.

The period for earning rewards in the USDT and KCS pools will span from February 26 at 12:00 UTC to March 5. The FORM pool will open on February 27 at 12:00 UTC and continue until March 6.

Rewards will be determined based on the amount each user stakes. KuCoin will take hourly snapshots of user balances to ensure fair reward calculations. The collected rewards will be distributed daily, commencing from the day after staking (T+1).

KuCoin will also be providing additional perks to users who join the GemPool campaign. Those who pass a quiz will receive an extra 10% bonus in FORM tokens.

Furthermore, VIP users can qualify for bonus rewards based on their VIP tier. These bonuses will range from 10% to 20%.

What is Form (FORM)?

Form is a Layer 2 blockchain designed for SocialFi and utilizes bonding curves in its digital economy. The project is tailored for creators, communities, and AI agents, aiming to transform social interactions into active markets.

Having raised $12 million in funding from investors such as Animoca, Galaxy, Balaji Srinivasan, and Arthur Hayes, Form is also collaborating with industry leaders like Celestia, Hyperlane, Caldera, and Roll to expand its decentralized SocialFi world.

KuCoin's initiative to launch FORM staking on GemPool highlights the growing interest in the emerging project. The exchange is also planning to list Navigate (NVG8), further expanding its token offerings.