Announcements Gate.io “Startup Mining” Initial Offering: ZKX(ZKX) and Announcement of Distribution Rules

Gate.io “Startup Mining” Initial Offering: ZKX(ZKX) and Announcement of Distribution Rules

2024-06-12 04:58:49 UTC 40377 Read

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About Gate.io Startup Mining Program 
Startup Mining is a platform where users can stake their assets or provide liquidity to earn rewards in new project tokens. Users can lock specified tokens in the Startup Mining pool to receive corresponding project token rewards.

Visit Startup Mining and [learn more](https://www.gate.io/startup-mining?gt_disable_intercept_jump=1&needNavBar=0  "learn more"):

**Introduction to “Startup Mining" Project  ZKX (ZKX)：**
ZKX makes trading social with PVP battles and competitions for perpetual futures. Built on its own app chain,  the exchange delivers unparalleled scalability and high-speed APIs by combining the efficiency of centralized exchanges with DeFi's self-custody and trust. 
ZKX has established a community of over 25,000 accounts that have traded over $2.3 billion in volume since February. Supported by key investors such as Hashkey,Amber, and Crypto.com, ZKX is deployed on Ethereum and Starknet, leading the convergence of SocialFi and DeFi.

**ZKX (ZKX) Startup Mining Rules**
(1) Startup Mining Duration:  08:00 AM on June 12th - 08:00 AM on June 18th (UTC), 2024 
(2) Trading starts time: 09:00 AM on June 19th (UTC), 2024    
(3) Initial circulation: 11,198,678 ZKX（11.20%）
(4)Startup Mining allocation：100,000 ZKX
(5)Total Daily Rewards：16,666 ZKX
(6)Supported pairs：GT
(7) Unlocking Rule: 100% Unlock
(8) Startup Mining Participation Rules:
  1.Users can choose Startup Mining 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.

(The information below is provided by the ZKX (ZKX) team. Please follow the website for more information）
 
**Token Information**
Token name: ZKX
Token symbol: ZKX
Max Supply: 100,000,000 ZKX
Token Type: ERC-20
Token Contract: 0xB91d822DfEF943165f368D92c16bAc9bD5Ec6842

Token Distribution and Unlocked Rules:
*DAO Treasury: 17%
Locked till DAO formation and governance decision post that.

*Community Airdrop : 15% 
Current Airdrop: 7%
TGE: 33%, linear vesting over 3 Months
Future Airdrop: 8%
To be announced later.

*Community Trading Incentives: 18% 
Past Allocation (Distributed): 10.6%
TGE: 33.33%, linear vesting over 3 Months
Future Allocation : 7.4% 
Linear vesting over 13 months

*Liquidity Provisioning: 8.5%
TGE: 47.06%, linear vesting over 24 Months

*Investors: 25%
Strategics: 22.23%
Linear vesting over 24 months 
KOLs: 2.77%
TGE: 20%, linear vesting over 24 months

*Core Contributors: 15%
Linear vesting over 30 months

*Advisors: 1.5%
Linear vesting over 30 months

Website: https://zkx.fi/
Whitepaper: https://docs.zkx.fi/zkx-docs
Token Information:
https://etherscan.io/token/0xB91d822DfEF943165f368D92c16bAc9bD5Ec6842

**Gate.io Labs Investment Participating Disclosure**
Gate.io Labs invested in ZKX (ZKX).

**Attention**
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.Startup Mining project will be announced soon. Please stay tuned to our official announcements and social media for the latest updates. Before participating in Startup Mining, 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 User Agreement for further details on Restricted Locations.

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Gate.io Team
June 12, 2024

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Gate.io “Startup Mining” Initial Offering: ZKX(ZKX) and Announcement of Distribution Rules

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