Announcements Introducing Toshi(TOSHI) on Launchpool: Stake to Earn Mining Rewards!

Introducing Toshi(TOSHI) on Launchpool: Stake to Earn Mining Rewards!

2024-08-29 03:45:49 UTC 13065 Read

TOSHI/USDT + 7.01%

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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>

**1.Introduction to “Launchpool” Project Toshi(TOSHI)**
Toshi is the largest ever community takeover project.
Decentralized through the Meow DAO, Toshi is a purely community oriented project. With the entire supply circulating in the hands of the community, and large decisions taken by the DAO, it is the most community centric meme token in all of crypto.
Website: https://www.toshithecat.com/

**2.Toshi(TOSHI) Launchpool Rules**
(1) Launchpool Duration: 9:00 AM on August 29th - 9:00 AM on September 5th (UTC), 2024
(2) Mining Pool: TOSHI
   -Total Staking Rewards: 53,456,878.0 TOSHI
   -Prize Pool Per Hour: 318,195.70 TOSHI
   -Hourly Reward Cap Per User: 31,819.57 TOSHI
   -Minimum Staking Amount: 50,000 TOSHI
   -Unlocking Rule: 100% Unlock
(3) Mining Pool: GT
   -Total Staking Rewards: 160,370,634.0 TOSHI
   -Prize Pool Per Hour: 954,587.10 TOSHI
   -Hourly Reward Cap Per User: 95,458.71 TOSHI
   -Minimum Staking Amount: 1.0 GT
   -Unlocking Rule: 100% Unlock

**3.Participation Rules**
(1) Users can join TOSHI or GT mining pool at the same time to earn rewards from TOSHI 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 29th, 2024

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Introducing Toshi(TOSHI) on Launchpool: Stake to Earn Mining Rewards!

Introducing Toshi(TOSHI) on Launchpool: Stake to Earn Mining Rewards!

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