Announcements Launchpool Grand Launch! Stake to Get New Token Rewards Now!

Launchpool Grand Launch! Stake to Get New Token Rewards Now!

2024-06-11 15:02:44 UTC 39384 Read

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**Launchpool** has been officially launched! Now you can stake specified tokens in the Launchpool pool to receive corresponding project token rewards!

### Participation Rules
1.Users can choose Launchpool projects and stake assets for a minimum period of 12 hours on the same day to start earning rewards.
2.A snapshot of the staked token quantities for qualifying users is taken at 00:00 (UTC+0) daily, and token rewards are distributed to eligible users. Daily earnings will be distributed into users' spot accounts.
3.Daily staking rewards = Your valid staked asset amount / Total valid staked asset amount by all participants * Daily rewards pool
4.Users can increase or redeem the staked assets at any time during the staking period. However, early redemption may result in the loss of accrued rewards.

**Visit Launchpool and learn more: **https://www.gate.io/startup-mining

### Notice
1.The system will take hourly snapshots of participant's staked assets, and the valid staked asset amount for participants will be the average staked amount per hour. If the staking duration is less than 12 hours on the given day, no rewards will be granted for that day. If a user makes an additional stake, a snapshot of the staked assets will be taken after 12 hours and counted as the valid staked amount.
2.After the staking ends, the staked assets will be automatically redeemed, and the remaining mining rewards will be fully distributed at 0:00 (UTC+0) the next day.
3.After the user redeems in advance or the staking is completed, the staked assets will be transferred to Simple Earn by default. If this option is unchecked, the staked assets will be redeemed into spot assets. If the amount of redeemed assets is too small and does not meet the minimum subscription amount of Simple Earn, the assets will be automatically transferred to spot assets. Additionally, if Simple Earn does not support the subscription of the redeemed token, the assets will also be automatically transferred to spot assets.
4.Please refer to the relevant announcements for the mining hard cap limit for each project.
5.The first Launchpool project will be announced soon. Please stay tuned to our <a href="https://www.gate.io/articlelist/ann" target="_blank">official announcements</a> and <a href="https://twitter.com/Gateio_Startup" rel="nofollow noopener noreferrer" target="_blank">social media</a> for the latest updates. Before participating in Launchpool, please ensure that you fully understand the participation rules. 
6.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
7.Gate.io reserves all rights to the final explanation.
8.This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the <a href="https://www.gate.io/user-agreement" target="_blank">User Agreement</a> for further details on Restricted Locations.

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Gate.io Team
June 11th, 2024

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