Announcements XT Smart Chain (XT) to Be Launched on Gate.io Launchpool: Stake to Earn Mining Rewards Hourly!

XT Smart Chain (XT) to Be Launched on Gate.io Launchpool: Stake to Earn Mining Rewards Hourly!

2024-12-26 08:24:08 UTC 10776 Read

XT/USDT -1.17%

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

1.XT Smart Chain (XT) Mining Rules
(1) Staking Period: 09:00 AM on December 26th - 09:00 AM on January 5th, 2025 (UTC)
(2) Total Rewards: 23,078 XT

| Staking Pool |Total Staking Rewards |Prize Pool Per Hour Hourly Reward Cap Per User|Minimum Staking Amount|
| ------------ | ------------ | ------------ | ------------ | ------------ |
|XT   |11,539 XT   |48.07 XT   |1.44 XT   |0.01 XT   |
|GT(Single-Coin Multi-Mining)| 11,539 XT  |48.07 XT   | 1.44  XT  |0.01 GT   |

(3)Unlocking Rule: 100% Unlock

2.Reward Calculation and Distribution
(1) XT 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 XT Staking Pool or "Single-Coin Multi-Mining" GT Pool at the same time to earn rewards from XT pool and GT pool separately.

3.Introduction to XT Smart Chain (XT)
XT Smart Chain(XSC) is an public blockchain infrastructure focused on delivering high-performance, low-cost blockchain services. Built with innovative Layer 2 technology, it achieves 3000+ TPS with sub-3-second confirmation times while maintaining full EVM compatibility. The platform has demonstrated strong growth with TVL exceeding $48 million and features a comprehensive ecosystem of over 10 core DApps spanning Service, NFT, and cross-chain solutions.
Website: https://www.xsc.pub/

4.Notice
(1)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.
(2)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.
(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" target="_blank" title="User Agreement">User Agreement</a> for further details on Restricted Locations.

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Gate.io Team
December 26th, 2024

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XT Smart Chain (XT) to Be Launched on Gate.io Launchpool: Stake to Earn Mining Rewards Hourly!

XT Smart Chain (XT) to Be Launched on Gate.io Launchpool: Stake to Earn Mining Rewards Hourly!

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