Announcements Flock.io (FLOCK): Gate.io Launchpool Initial Offering, Stake to Earn Rewards Hourly!

Flock.io (FLOCK): Gate.io Launchpool Initial Offering, Stake to Earn Rewards Hourly!

2024-12-27 14:04:04 UTC 28434 Read

FLOCK/USDT -2.46%

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Flock.io(FLOCK) is now live on Gate.io Launchpool! Stake supported assets to earn FLOCK token rewards every hour!

**1.Introduction to Flock.io(FLOCK)**
FLock.io is the first decentralised AI training platform, combining Federated Learning and blockchain technology to revolutionise AI model development. By enabling secure, privacy-preserving model training without centralising data, FLock empowers communities to collaboratively create, train, and own AI models. Its ecosystem includes AI Arena for competitive model training, FL Alliance for privacy-preserving collaboration, and an AI Marketplace for deploying and refining models.
The FLOCK token drives incentives, governance, and ecosystem growth, ensuring sustainable and decentralised innovation. Recognised by the Ethereum Foundation, backed by top-tier investors, and being the first and only Web3 project presented at the Royal Society, FLock.io is leading the way in democratising AI development and reshaping how AI interacts with blockchain.
Not Your Models, Not Your AI.

**2.Flock.io(FLOCK) Mining Rules:**
(1) Staking period: 12:00 PM on December 31st, 2024 - 12:00 PM on January 10th, 2025 (UTC)
(2) Trading starts time: 12:00 PM December 31st, 2024(UTC)
(3) Launchpool allocation: 1,166,667 FLOCK

|Staking Token   |Total Staking Rewards   |Prize Pool Per Hour   |Hourly Reward Cap Per User   |Minimum Staking Amount   |
| ------------ | ------------ | ------------ | ------------ | ------------ |
|FLOCK   |1,166,667 FLOCK   |4,861.11 FLOCK   |9.72 FLOCK   |0.5 FLOCK   |

(4) Unlocking Rule: 100% Unlock
<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup-mining/138?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>

**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.Token Information:**
(The information below is provided by the Flock.io (FLOCK) team. Please follow the website for more information）
(1) Token name: Flock.io
(2) Token symbol: FLOCK
(3) Max Supply: 1,000,000,000
(4) Token type: BASE
(5) Token Contract: https://basescan.org/token/0x5ab3d4c385b400f3abb49e80de2faf6a88a7b691
(6) Token Distribution and Unlocked Rules:
-Community: 46% (60-month linear vesting)
-Team & Advisors: 19% (locked for 12 months, 24-month linear vesting)
-Ecosystem: 18.37% (48-month linear vesting)
-Investors: 16.63% (locked for 12 months, 24-month linear vesting)
(7) Website: https://www.flock.io/
(8) Whitepaper:  https://www.flock.io/whitepaper

**5.Gate.io Labs Investment Participating Disclosure**
Gate.io Labs did not participate in the Flock.io(FLOCK) investment.

**6.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 27th, 2024

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Flock.io (FLOCK): Gate.io Launchpool Initial Offering, Stake to Earn Rewards Hourly!

Flock.io (FLOCK): Gate.io Launchpool Initial Offering, Stake to Earn Rewards Hourly!

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