Announcements Gate.io "Launchpool" Initial Offering: Zircuit(ZRC) and Announcement of Distribution Rules

Gate.io "Launchpool" Initial Offering: Zircuit(ZRC) and Announcement of Distribution Rules

2024-11-22 14:56:57 UTC 29599 Read

ZRC/USDT -2.46%

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**About Gate.io Launchpool**
Gate.io Launchpool is a staking product in the platform’s Startup series, where users can stake designated tokens to receive rewards from the token pools.
<a href="https://www.gate.io/startup-mining?gt_disable_intercept_jump=1&needNavBar=0" target="_blank">Visit Launchpool and learn more</a>

1.Zircuit(ZRC) Mining Rules
(1) Staking Period: 15:00 PM on November 22nd - 10:00 AM on December 9th  (UTC), 2024
(2) Trading starts time: 10:00 AM on November 25th, 2024 (UTC)
(3) Launchpool allocation: 5,000,000 ZRC
![Zircuit(ZRC) Mining Rules](https://gimg2.gateimg.com/image/1732505764291411579-1.jpeg "Zircuit(ZRC) Mining Rules")
(4)Unlocking Rule: 100% Unlock

<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup-mining/90?gt_disable_intercept_jump=1&needNavBar=0" target="_blank" style="text-decoration: none;display: inline-block;"><div style="text-align:center;background: #2354E6; padding: 16px; border-radius: 8px; width: 200px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">Join Phase 1</span></strong></div></a></div><div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup-mining/89?gt_disable_intercept_jump=1&needNavBar=0" target="_blank" style="text-decoration: none;display: inline-block;"><div style="text-align:center;background: #2354E6; padding: 16px; border-radius: 8px; width: 200px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">Join Phase 2</span></strong></div></a></div>

2.Reward Calculation and Distribution
(1) USDT/BTC/ZRC Staking Pool: The system will take multiple snapshots of personal staking amounts hourly, and take the average staking amount as the valid staking amount. Hourly staking reward = (Individual latest 1-hour valid staking amount / Total pool staking amount) × Hourly reward pool
(2) “Single-Coin Multi-Mining” GT Pool: The system will take multiple snapshots of the participants’ GT holdings every hour, calculate the average to determine the effective holding amount, and distribute rewards based on that effective holding amount. Hourly rewards for users = (User’s GT holdings + User’s GT2 holdings) / (Total GT holdings of all participants + Total GT2 holdings of all participants) x hourly reward pool.
(3) Token rewards will be distributed into the spot accounts of eligible users hourly.
(4) Users can join USDT/BTC/ZRC Staking Pool or “Single-Coin Multi-Mining” GT Pool at the same time to earn rewards from USDT/BTCZRC pool and GT pool separately.

3.Introduction to Zircuit(ZRC)
Zircuit is a fully EVM-compatible,zero-knowledge rollup powered by the latest research in L2 technology.
Website: https://www.zircuit.com/

**4.Notice**
(1) After the staking ends, the staked assets will be automatically redeemed. 
(2) Users can increase or redeem the staked assets at any time during the staking period. 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.
(3) Please update your Gate.io App to the latest version (6.33.0) or higher, or visit Gate.io’s official website to join "<a href="https://www.gate.io/announcements/article/39718" target="_blank">Single-Coin Multi-Mining</a>" GT Pool. Before participating in Launchpool, please ensure that you fully understand the participation rules. <a href="https://www.gate.io/help/guide/faq/37021/startup-mining-faq" target="_blank">Click here</a> to learn more details.
(4) The use of duplicate accounts and any other cheating behaviors are strictly prohibited. Any cheating behavior will result in disqualification for receiving rewards.
(5) Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
(6) Gate.io reserves all rights to the final explanation.
(7) 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/zh/user-agreement" target="_blank"> User Agreement</a> for further details on Restricted Locations.

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Gate.io Team
Nov 22nd, 2024

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Gate.io "Launchpool" Initial Offering: Zircuit(ZRC) and Announcement of Distribution Rules

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