Announcements Nifty Island (ISLAND) to Be Launched on Gate.io Launchpool: Stake to Earn Mining Rewards Hourly!

Nifty Island (ISLAND) to Be Launched on Gate.io Launchpool: Stake to Earn Mining Rewards Hourly!

2024-12-25 10:08:20 UTC 10457 Read

ISLAND/USDT -2.09%

[//]:content-type-MARKDOWN-DONOT-DELETE
Nifty Island (ISLAND) is now live on Gate.io Launchpool! Stake supported asset to earn ISLAND token rewards every hour!

#### 1.Nifty Island (ISLAND) Mining Rules
(1) Staking Period: 12:00 PM on December 25th - 12:00 PM on December 30th, 2024 (UTC)
(2) Total Rewards: 333,333 ISLAND

|Staking Pool|Total Staking Rewards |Prize Pool Per Hour |Hourly Reward Cap Per User|Minimum Staking Amount|
| ------------ | ------------ | ------------ | ------------ | ------------ |
|ISLAND   |50,000 ISLAND   |416.66 ISLAND   |20.83 ISLAND   |0.1 ISLAND   |
|GT(Single-Coin Multi-Mining)|283,333 ISLAND   |2,361.1 ISLAND   |47.22 ISLAND   | 0.1 GT  |
<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup-mining/135?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 Now</span></strong></div></a></div>

(3)Unlocking Rule: 100% Unlock

#### 2.Reward Calculation and Distribution
(1) ISLAND 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 users' GT and GT2 holdings every hour and take the average as the 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 ISLAND Staking Pool or "Single-Coin Multi-Mining" GT Pool at the same time to earn rewards from ISLAND pool and GT pool separately.

#### 3.Introduction to Nifty Island (ISLAND)
Nifty Island is an open gaming platform powered by user-generated content, where NFT, memecoin, and web3 communities can play, create, and earn rewards. Everyone is given a free island to build their dream world, showcase their digital collectibles, and create fun games and experiences for others to explore. With over 70,000 user-generated islands built, 75,000 user-generated assets created, and 1.3 million user-generated games played, Nifty Island is one of the most active creator economies in web3 gaming.
Website: https://www.niftyisland.com/

****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" target="_blank" title="Click here">Click here</a> to learn more details.
(2)Please complete <a href="https://www.gate.io/myaccount/kyc_home" target="_blank" title="identity verification">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" target="_blank" title="User Agreement">User Agreement</a> for further details on Restricted Locations.

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Gate.io Team
December 25th, 2024

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Nifty Island (ISLAND) to Be Launched on Gate.io Launchpool: Stake to Earn Mining Rewards Hourly!

Nifty Island (ISLAND) to Be Launched on Gate.io Launchpool: Stake to Earn Mining Rewards Hourly!

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