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

Gate.io "Launchpool" Initial Offering: Goats(GOATS) and Announcement of Distribution Rules

2024-11-29 14:12:30 UTC 46966 Read

GOATS/USDT + 2.23%

[//]:content-type-MARKDOWN-DONOT-DELETE
Goats(GOATS) is now live on Gate.io Launchpool! Stake supported assets to earn GOATS token rewards every hour and be among the first to claim rewards!

1.Introduction to Goats(GOATS)
Project on Telegram that allows users to earn $GOATS through minigames and in-app missions.
2.Goats(GOATS) Mining Rules:
(1) Staking period: 10:00 AM on December 1st - 10:00 AM on December 12th(UTC), 2024
(2) Trading starts time: 10:00 AM on December 5th, 2024 (UTC)
(3) Initial circulation: 19,083,333,333 GOATS
(4) Launchpool allocation: 25,714,285 GOATS

| Staking Period  | Staking Asset  | Total Staking Rewards  | Prize Pool Per Hour  | Hourly Reward Cap Per User  |Minimum Staking Amount
| ------------ | ------------ | ------------ | ------------ | ------------ |
| 10:00 AM on December 1st - 10:00 AM on December 5th(UTC), 2024  |USDT   |  7,619,047.0 GOATS |  79,365.07 GOATS | 793.65 GOATS  |0.1 USDT
|  | GT（Single-Coin Multi-Mining）  | 3,809,524.0 GOATS  |39,682.54 GOATS   | 396.83 GOATS  |0.01 GT
|10:00 AM on December 5th - 10:00 AM on December 12th(UTC), 2024    |  GOATS |4,761,905.0 GOATS   |28,344.67 GOATS   |850.34 GOATS   |20.0 GOATS
|   | GT（Single-Coin Multi-Mining）  |9,523,809.0 GOATS   |  56,689.33 GOATS | 566.89 GOATS  |0.01 GT

(6) Unlocking Rule: 100% Unlock
(7) Reward Calculation and Distribution
-USDT/GOATS 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
-"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 Reward = (User GT Holding Amount / Total User GT Holdings in the Pool) x Hourly Reward for the Pool.
-Token rewards will be distributed into the spot accounts of eligible users hourly.
-Users can join USDT/GOATS Staking Pool or "Single-Coin Multi-Mining" GT Pool at the same time to earn rewards from USDT/GOATS pool and GT pool separately.

3.Token Information:
(The information below is provided by the Goats(GOATS) team. Please follow the website for more information）
(1) Token name: Goats
(2) Token symbol: GOATS
(3) Max Supply: 20,000,000,000 GOATS
(4) Token type: Ton
(5) Token Contract: https://tonviewer.com/EQC2CUQqMJuVkO_ioXE9MvW9ckNBuxqFB7Xce7BgwFnWagem
(6) Token Distribution and Unlocked Rules:
Airdrop 75%: TGE unlock 100%
Team 5%: Fully locked with a 12-month linear vesting.
Community Development 10%: TGE unlock 100%
Liquidity 10%: TGE unlock 100%

(7) Website: https://ton.goatsbot.xyz/
(8) Whitepaper: N/A
(9) Token information: https://tonviewer.com/EQC2CUQqMJuVkO_ioXE9MvW9ckNBuxqFB7Xce7BgwFnWagem

4.Gate.io Labs Investment Participating Disclosure
Gate.io Labs did not participate in the Goats(GOATS) investment.

5.Notice
(1) 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. 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 "Click here"" target="_blank">Click here</a> to learn more details.
(2) Please complete <a href="https://www.gate.io/myaccount/kyc_home "identity verification"" target="_blank">identity verification</a> before participating in Launchpool to enhance the security of your account and assets.
(3) After the staking ends, the staked assets will be automatically redeemed. 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.
(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/user-agreement "User Agreement"" target="_blank">User Agreement</a> for further details on Restricted Locations.

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Gate.io Team
Nov 29th, 2024

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Gate.io "Launchpool" Initial Offering: Goats(GOATS) and Announcement of Distribution Rules

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