Announcements Launchpool Single-Coin Multi-Mining Launches: Hold One Coin & Earn Multiple Rewards

Launchpool Single-Coin Multi-Mining Launches: Hold One Coin & Earn Multiple Rewards

2024-10-08 02:07:18 UTC 65969 Read

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**Introducing "Single-Coin Multi-Mining" on Launchpool!** By holding assets and stake with just one click, you can earn token rewards from multiple staking pools.
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">Learn More</a>

**What is "Single-Coin Multi-Mining"?**
"Single-Coin Multi-Mining" is an innovative staking feature that allows users to hold the same asset and receive multiple new token rewards across different staking pools. This feature enables users to manage their assets more efficiently and flexibly, enjoy more earning opportunities, and achieve diversity and maximization of rewards.

**How to Join "Single-Coin Multi-Mining"?**
**1.Select "Single-Coin Multi-Mining"Pools**: Participants must separately select and click  [Stake] to join the staking pools that support "Single-Coin Multi-Mining" to earn rewards from multiple staking pools.
**2.Reward Calculation and Distribution:** The system will take multiple snapshots of the participants' asset holdings every hour, calculate the average to determine the effective holding amount, and distribute rewards based on that effective holding amount.
  
  For example: If Staking Pool A supports holding GT for "Single-Coin Multi-Mining", after clicking stake, the system will take multiple snapshots of the participants' GT holdings every hour, calculate the average to determine the effective GT holding amount, and distribute the rewards for that pool based on the effective GT holdings.
  Hourly Reward = (User Asset Holding Amount / Total User Asset Holdings in the Pool) x Hourly Reward for the Pool
  Each pool has different minimum staking amounts and hourly reward caps; please refer to the respective project announcements for specifics.
  
**Notes**
1.The system will take snapshots and calculate rewards based on the asset holdings in Spot or Unified Account of users participating in "Single-Coin Multi-Mining" and users do not need to manually redeem their assets.
2.Participants must click the [Stake] button for the staking pool that supports "Single-Coin Multi-Mining"; otherwise, they will not be able to share the rewards of that pool.
3.CATS Launchpool now supports holding GT for "Single-Coin Multi-Mining", <a href="https://www.gate.io/startup-mining/48?gt_disable_intercept_jump=1&needNavBar=0" target="_blank">join now</a>. GateToken (GT) is the unique exchange token of Gate.io exchange and the native token to Gatechain public chain. Hold GT to enjoy multiple staking rewards: https://www.gate.io/trade/GT_USDT
4.Please update your Gate.io App to the latest version (6.33.0) or higher, or visit Gate.io's official website to join. 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.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">User Agreement</a> for further details on Restricted Locations.

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Gate.io Team
October 8th, 2024

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