Announcements Glacier Network (GLS): Gate.io Launchpool Initial Offering, Stake to Earn Rewards Hourly!

Glacier Network (GLS): Gate.io Launchpool Initial Offering, Stake to Earn Rewards Hourly!

2024-12-10 07:57:27 UTC 14155 Read

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Glacier Network (GLS) is now live on Gate.ioLaunchpool! Stake supported assets to earn GLS token rewards every hour!

1.Introduction to Glacier Network (GLS)
Glacier Network - The First Data-centric Blockchain to Supercharge AI at Scale
Glacier Network is building a programmable, modular and scalable blockchain infrastructure for agents, models and datasets, supercharging AI at scale. Glacier empowers verifiable computing through GlacierAI, GlacierDA, and GlacierDB.
GlacierAI provides the first decentralized VectorDB for AI, integrated with LangChain, and launched the Glacier Chatbot-Bench platform for benchmarking LLMs. GlacierDB brings a data-centric network to handle datasets seamlessly and effortlessly on top of Arweave, Filecoin, and BNB Greenfield. GlacierDA solves the demand for off-chain verification and computing of AI and DePIN executed states.

2.Glacier Network (GLS)  Mining Rules
(1) Staking period: 10:00 AM on December 13th - 10:00 AM on December 30th(UTC), 2024
(2) Trading starts time: 10:00 AM on December 18th, 2024 (UTC)
(3) Initial circulation:  29,000,000 GLS
(4)Launchpool allocation: 1,000,000 GLS

| Staking Period  |Staking Token   | Total Staking Rewards  |Prize Pool Per Hour   | Hourly Reward Cap Per User  | Minimum Staking Amount |
| ------------ | ------------ | ------------ | ------------ | ------------ | ------------ |
| Phase 1  |USDT   |100,000.0 GLS   |833.33 GLS   | 25.0 GLS  | 0.1 USDT  |
| 10:00 AM on December 13th - 10:00 AM on December 18th(UTC), 2024  | GT("Single-Coin Multi-Mining")  |100,000.0 GLS   |833.33 GLS   | 25.0 GLS  |  0.01 GT |
|Phase 2   |GLS   |480,000.0 GLS   | 1,666.66 GLS  | 50.0 GLS  |1.0 GLS    |
|10:00 AM on December 18th - 10:00 AM on December 30th(UTC), 2024   | GT("Single-Coin Multi-Mining")  |320,000.0 GLS   | 1,111.11 GLS  | 33.33 GLS  |0.01 GT   |

<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup-mining/107?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 Phase 1</span></strong></div></a></div>
<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup-mining/108?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 phase 2</span></strong></div></a></div>

(6) Unlocking Rule: 100% Unlock

3.Reward Calculation and Distribution
(1) GLS/ USDT Staking Pool: 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) "Single-Coin Multi-Mining" GT Pool: The system will take multiple snapshots of users' GT and GT2 holdings every hour and take the average as the effective holding amount. Hourly rewards for users = (User's GT holdings + User's GT2 holdings) / (Total GT holdings of all participants + Total GT2 holdings of all participants) x hourly reward pool.
(3) Token rewards will be distributed into the spot accounts of eligible users hourly.
(4) Users can join GLS/ USDT Staking Pool or "Single-Coin Multi-Mining" GT Pool at the same time to earn rewards from GLS/ USDT Staking Pool and GT pool separately.

4.Token Information
(The information below is provided by the Glacier Network (GLS) team. Please follow the website for more information）
(1) Token name: Glacier Network
(2) Token symbol: GLS
(3) Max Supply: 1,000,000,000 GLS
(4) Token type: BASE
(5) Token Contract: https://etherscan.io/token/0x68e2e5c9dff32419a108713f83274a4fb5e194ca
(6) Website: https://www.glacier.io/
(7) Whitepaper: https://docsend.com/view/83c74bw4dvb6mwzj

5.Gate.io Labs Investment Participating Disclosure
Gate.io Labs participates in the Glacier Network (GLS) investment.

6.Notice
(1) Gate.ioLaunchpool 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 inLaunchpool, 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.
(2) Please complete <a href="https://www.gate.io/myaccount/kyc_home "identity verification"" target="_blank">identity verification</a> before participating inLaunchpool to enhance the security of your account and assets.
(3) 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.
(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
December 10th, 2024

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Glacier Network (GLS): Gate.io Launchpool Initial Offering, Stake to Earn Rewards Hourly!

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