Announcements Introducing Colend (CLND) on Startup Mining: Stake to Earn Mining Rewards!

Introducing Colend (CLND) on Startup Mining: Stake to Earn Mining Rewards!

2024-11-14 02:23:52 UTC 28639 Read

CLND/USDT + 8.31%

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About Gate.io Launchpool
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 "Visit Launchpool and learn more"" target="_blank">Visit Launchpool and learn more</a>

1.Colend (CLND) Mining Rules
(1) Staking Period: 10:00 AM on November 14th - 10:00 AM on November 28th (UTC), 2024
(2) Staking Pool: CLND
   -Total Staking Rewards: 80,000 CLND
   -Prize Pool Per Hour:  238.09 CLND
   -Hourly Reward Cap Per User: 23.81 CLND
   -Minimum Staking Amount: 0.5 CLND
   -Unlocking Rule: 100% Unlock
(3) Staking Pool: CORE
   -Total Staking Rewards: 53,333 CLND
   -Prize Pool Per Hour: 158.72 CLND
   -Hourly Reward Cap Per User: 15.87 CLND
   -Minimum Staking Amount: 0.1 CORE
   -Unlocking Rule: 100% Unlock

2.Reward Calculation and Distribution
(1)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)Token rewards will be distributed into the spot accounts of eligible users hourly.
(3)Users can join CLND and CORE Staking Pool at the same time to earn rewards from CLND pool and CORE  pool separately.

3.Introduction to "Launchpool" Project Colend (CLND)
Colend is the premier decentralized lending protocol on Core Chain, the fastest-growing BTC sidechain. BTCFi is transforming Bitcoin into a productive asset, allowing holders to earn yield through lending and staking while supporting Bitcoin’s long-term security. With the BTCFi market representing less than 1% of the total crypto market cap, there is vast potential for growth.Colend innovates by its unique ve(3,3) governance model, giving users substantial influence over reward distribution.
Website: https://colend.xyz/

4.Notice
(1) After the staking ends, the staked assets will be automatically redeemed. 
(2) 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.
(3) 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.
(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 14th, 2024

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Introducing Colend (CLND) on Startup Mining: Stake to Earn Mining Rewards!

Introducing Colend (CLND) on Startup Mining: Stake to Earn Mining Rewards!

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