Announcements Moonray(MNRY) to Be Launched on Gate.io Launchpool: Stake to Earn Mining Rewards Hourly!

Moonray(MNRY) to Be Launched on Gate.io Launchpool: Stake to Earn Mining Rewards Hourly!

2024-12-23 08:47:46 UTC 11896 Read

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Moonray(MNRY) is now live on Gate.io Launchpool! Stake supported asset to earn MNRY token rewards every hour!

**1.Moonray(MNRY) Mining Rules**
(1) Staking Period: 10:00 AM on December 23rd, 2024 - 10:00 AM on December 30th,  (UTC), 2024
(2) Total Rewards: 250,000 MNRY

|Staking Pool   |Total Staking Rewards   |Prize Pool Per Hour   |Hourly Reward Cap Per User   |Minimum Staking Amount   |
| ------------ | ------------ | ------------ | ------------ | ------------ |
|MNRY   |180,000 MNRY   |1,071.42 MNRY   |53.57 MNRY   |1 MNRY   |
|USDT (New Comers Exclusive) |70,000 MNRY   |416.66 MNRY   |4.17 MNRY   |0.1 USDT   |

(3)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.Introduction to Moonray(MNRY)**
Moonray is a decentralized gaming and entertainment network, powered by $MNRY and supporting a wide range of projects in gaming, comics and animation.
$MNRY is an ERC20 utility and governance token designed to empower the Moonray ecosystem. The token will have utility in the Moonray Game, Moonray Mobile and future games that are planned for development by Moonray Studio, expanding as the Moonray ecosystem expands.
The Moonray Game, the first game developed by Moonray Studio is a AAA, melee-style, arena combat PVP. Moonray catapults you into an otherworldly multiplayer combat arena, where intense, fast-paced battles demand mastery of both offense and defense. The game is currently available at the Epic Game Store and will be coming soon to PlayStation.
Website: https://www.moonray.studio/

**4.Notice**
(1) New Comers Exclusive Staking Pool: Only new users of Gate.io who sign up after 16:00 PM, December 20, 2024 (UTC) are eligible.
(2)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" title="Click here">Click here</a> to learn more details.
(3)Please complete <a href="https://www.gate.io/myaccount/kyc_home" target="_blank" title="identity verification">identity verification</a> before participating in Launchpool to enhance the security of your account and assets.
(4)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.
(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" title="User Agreement">User Agreement</a> for further details on Restricted Locations.

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Gate.io Team
December 23th, 2024

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Moonray(MNRY) to Be Launched on Gate.io Launchpool: Stake to Earn Mining Rewards Hourly!

Moonray(MNRY) to Be Launched on Gate.io Launchpool: Stake to Earn Mining Rewards Hourly!

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