Announcements Gate.io Launchpool Supports ETH and ETH2 for "Single-Coin, Multi-Mining"

Gate.io Launchpool Supports ETH and ETH2 for "Single-Coin, Multi-Mining"

2024-12-30 06:47:47 UTC 16549 Read

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To enrich mining choices and enhance earning opportunities for users, Gate.io Launchpool has supported ETH and ETH2 for “Single-Coin, Multi-Mining” besides GT “Single-Coin, Multi-Mining”!

Details of the ETH holding calculation rules are as follows:
1.ETH holdings calculation: The system will take multiple snapshots of users’ ETH and ETH2 holdings every hour and take the average as the effective holding amount, and distribute rewards based on that effective holding amount. Users can check rewards in the <a href="<a href="https://www.gate.io/startup-mining/rewards" target="_blank" title="">https://www.gate.io/startup-mining/rewards</a> "[Reward History]"" rel="nofollow noopener noreferrer" target="_blank">[Reward History]</a>.
2.Hourly rewards for users = (User’s ETH holdings + User’s ETH2 holdings) / (Total ETH holdings of all participants + Total ETH2 holdings of all participants) x hourly reward pool.
3.Users can simultaneously participate in all “Single-Coin, Multi-Mining” ETH Staking Pools.
4.The first project that supports ETH “Single-Coin, Multi-Mining” will be live soon. Please pay attention to Gate.io Satrtup <a href="https://www.gate.io/announcements" target="_blank" title="official announcements">official announcements</a> and <a href="https://x.com/Gateio_Startup "social media"" rel="nofollow noopener noreferrer" target="_blank">social media</a> for the latest information.

**Join Launchpool to earn rewards hourly:** <a href="https://www.gate.io/startup-mining" target="_blank" title="">https://www.gate.io/startup-mining</a>

**What is “Single-Coin Multi-Mining”?**
“Single-Coin Multi-Mining” is an innovative staking feature that allows users to hold the same asset and receive multiple new token rewards across different staking pools. This feature enables users to manage their assets more efficiently and flexibly, enjoy more earning opportunities, and achieve diversity and maximization of rewards.

**Notes:**
1.**Ether (ETH)** is the native cryptocurrency of Ethereum. ETH2 is a token on Gate.io representing the staked ETH on Ethereum 2.0, allowing users to earn through <a href="https://www.gate.io/eth2" target="_blank" title="ETH2.0 Staking">ETH2.0 Staking</a>. 
2.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 make sure you have updated Gate.io App to version 6.33.0 and above, or you can visit <a href="https://www.gate.io/startup-mining" target="_blank" title="Gate.io official website">Gate.io official website</a>.
4.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
5.Gate.io reserves all rights to the final explanation.
6.Users in the United Kingdom and other Restricted Locations cannot access the Services. See the <a href="https://www.gate.io/user-agreement" target="_blank" title="User Agreement">User Agreement</a> for further details on Restricted Locations.

Gate.io Team
December 30, 2024

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Gate.io Launchpool Supports ETH and ETH2 for "Single-Coin, Multi-Mining"

Gate.io Launchpool Supports ETH and ETH2 for "Single-Coin, Multi-Mining"

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