Announcements "Launchpool" Aleo(ALEO) Launches New User Pool : Stake to Earn Rewards!

"Launchpool" Aleo(ALEO) Launches New User Pool : Stake to Earn Rewards!

2024-11-23 01:56:26 UTC 32053 Read

ALEO/USDT + 0.72%

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Aleo(ALEO) Launchpool has introduced an exclusive staking pool for new users! Join now and earn mining rewards!
<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup-mining/86?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 Aleo(ALEO)
Aleo is a developer platform for building fully private, scalable, and cost-effective applications. It uses zero-knowledge cryptography to move smart contract execution off-chain, enabling a diverse range of decentralized applications that are both entirely private and can scale up to thousands of transactions per second.
Website: https://aleo.org/

2.Aleo(ALEO) Mining Rules
(1) Mining Period: 10:00 AM on November 24th - 10:00 AM on December 4th (UTC), 2024
(2) Staking Pool: ALEO 
   -Total Staking Rewards: 13,889.0 ALEO
   -Prize Pool Per Hour:  57.87 ALEO
   -Hourly Reward Cap Per User: 4.05 ALEO
   -Minimum Staking Amount: 0.1 ALEO 
   -Unlocking Rule: 100% Unlock
(3) New User Exclusive Staking Pool: USDT
   -Total Staking Rewards: 6,944.0 ALEO
   -Prize Pool Per Hour: 28.93 ALEO
   -Hourly Reward Cap Per User: 0.29 ALEO
   -Minimum Staking Amount: 0.1 USDT
   -Unlocking Rule: 100% Unlock

3.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.

4.Notice
(1) New User Exclusive Staking Pool: Only new users of Gate.io who sign up after 16:00 PM, November 21, 2024 (UTC) are eligible.
(2) 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.
(3) 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">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" target="_blank">User Agreement</a> for further details on Restricted Locations.

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Gate.io Team
Nov 23rd, 2024

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"Launchpool" Aleo(ALEO) Launches New User Pool : Stake to Earn Rewards!

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