Announcements Redbelly (RBNT) to Be Launched on Launchpool: Stake to Earn Mining Rewards Hourly!

Redbelly (RBNT) to Be Launched on Launchpool: Stake to Earn Mining Rewards Hourly!

2024-12-30 06:46:30 UTC 16543 Read

RBNT/USDT -1.53%

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

**1.Redbelly (RBNT)  Mining Rules**
(1) Staking Period: 09:00 AM on December 30th - 09:00 AM on January 15th (UTC), 2024
(2) Launchpool Allocation: 1,250,000 RBNT

|Staking Token   |Total Staking Rewards   |Prize Pool Per Hour   |Hourly Reward Cap Per User   |Minimum Staking Amount   |
| ------------ | ------------ | ------------ | ------------ | ------------ |
|RBNT    |192,308 RBNT   |500.8 RBNT   |15.02 RBNT   |0.2 RBNT   |
|GT   |1,057,692 RBNT   |2,754.4 RBNT   |27.54 RBNT   |0.01 GT   |

(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)Users can join RBNT and GT Staking Pool at the same time to earn rewards from RBNT pool and GT pool separately.

**3.Introduction to Redbelly (RBNT) **
Redbelly Network is the world’s first formally verified blockchain, developed at the University of Sydney in collaboration with CSIRO, the Australian National Science Agency.
Redbelly enables asset issuers to build digital registries, creating a single source of truth for entire asset classes on-chain and facilitating the creation of new structured financial products from tokenized assets. We work with challenger-brand asset issuers who have established network effects and assets, reducing issuer risk by promoting accountability and ensuring clean liquidity by default.
Website: https://redbelly.network/

**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 30th, 2024

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Redbelly (RBNT) to Be Launched on Launchpool: Stake to Earn Mining Rewards Hourly!

Redbelly (RBNT) to Be Launched on Launchpool: Stake to Earn Mining Rewards Hourly!

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