Announcements Introducing NetMind Token(NETMIND) on Launchpool: Stake to Earn Mining Rewards!

Introducing NetMind Token(NETMIND) on Launchpool: Stake to Earn Mining Rewards!

2024-08-22 11:28:18 UTC 17751 Read

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**About Gate.io Launchpool Program**
Launchpool 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 Launchpool pool to receive corresponding project token rewards.
<a href="https://www.gate.io/startup-mining?gt_disable_intercept_jump=1&needNavBar=0" target="_blank">Visit Launchpool and learn more</a>
<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup-mining/21?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>

**1.Introduction to “Launchpool” Project NetMind Token(NETMIND)**
NetMind Power is a decentralized computing platform dedicated to developing infrastructure, technology, and an ecosystem for future AGI, making AI both accessible and affordable for everyone.
Website: https://power.netmind.ai

**2.NetMind Token(NETMIND) Launchpool Rules**
(1) Launchpool Duration: 0:00 AM on August 23rd - 0:00 AM on August 28th (UTC), 2024
**(2) Mining Pool: NETMIND**
   -Total Staking Rewards: 4,167.0 NETMIND
   -Prize Pool Per Hour: 34.72 NETMIND
   -Hourly Reward Cap Per User: 3.5 NETMIND
   -Minimum Staking Amount: 5 NETMIND
   -Unlocking Rule: 100% Unlock
**(3) Mining Pool: GT**
   -Total Staking Rewards: 8,333 NETMIND
   -Prize Pool Per Hour: 69.44 NETMIND
   -Hourly Reward Cap Per User: 6.9 NETMIND
   -Minimum Staking Amount: 2.0 GT
   -Unlocking Rule: 100% Unlock

**3.Participation Rules**
(1) Users can join NETMIND or GT mining pool at the same time to earn rewards from NETMIND pool and GT pool separately.
(2) The system will take multiple snapshots of personal staking amounts hourly, and token rewards are distributed to eligible users. Hourly earnings will be distributed into users' spot accounts.
(3) Hourly staking reward = (Individual latest 1-hour valid staking amount / Total pool staking amount) × Hourly reward pool
(4) Users can increase or redeem the staked assets at any time during the staking period.

**4.Notice**
(1) The system will take multiple snapshots of personal staking amounts each hour, and take the average staking amount as the valid staking amount.
(2) After the staking ends, the staked assets will be automatically redeemed.
(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) 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.
(5) The use of duplicate accounts and any other cheating behaviors are strictly prohibited. Any cheating behavior will result in disqualification for receiving rewards.
(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
August 22nd, 2024

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Introducing NetMind Token(NETMIND) on Launchpool: Stake to Earn Mining Rewards!

Introducing NetMind Token(NETMIND) on Launchpool: Stake to Earn Mining Rewards!

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