Announcements Introducing Gems(GEMS) on Startup Mining: Stake to Earn Mining Rewards!

Introducing Gems(GEMS) on Startup Mining: Stake to Earn Mining Rewards!

2024-09-14 10:45:06 UTC 7183 Read

GEMS/USDT + 6.20%

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About Gate.io Startup Mining Program
Startup Mining is a platform where users can stake their assets to earn rewards in new project tokens. Users can lock specified tokens in the Startup Mining pool to receive corresponding project token rewards.
[Visit Startup Mining and learn more](https://www.gate.io/startup-mining?gt_disable_intercept_jump=1&needNavBar=0 "Visit Startup Mining and learn more")

**1.Introduction to “Startup Mining” Project Gems(GEMS)**
Gems is your exclusive gateway to the future of cryptocurrency investments. Positioned at the forefront of the digital asset revolution, Gems is committed to identifying only the most visionary and technologically advanced blockchain projects—those with the potential to redefine entire industries. Our rigorous and selective due diligence process ensures that only a select few projects gain access to our platform, making it an elite space where innovation truly thrives.
Backed by a global network of over 3,500 community managers across 140 countries and a track record of raising over $196 million, Gems offers early-stage ventures unparalleled support, creating a dynamic synergy that accelerates the adoption of groundbreaking ideas and delivers exceptional returns. To be a project on Gems is to be part of an exclusive circle of future industry leaders.
Website: https://gems.vip/

**2.Gems(GEMS) Startup Mining Rules**
(1) Startup Mining Duration: 0:00 AM on September 16th - 0:00 AM on September 23rd (UTC), 2024
(2) Mining Pool: GEMS
   -Total Staking Rewards: 120,000.0 GEMS
   -Prize Pool Per Hour: 714.29 GEMS
   -Hourly Reward Cap Per User: 71.43 GEMS
   -Minimum Staking Amount: 5.0 GEMS
   -Unlocking Rule: 100% Unlock
(3) Mining Pool: GT
   -Total Staking Rewards: 240,000.0 GEMS
   -Prize Pool Per Hour: 1,428.57 GEMS
   -Hourly Reward Cap Per User: 142.86 GEMS
   -Minimum Staking Amount: 0.5 GT
   -Unlocking Rule: 100% Unlock

**3.Participation Rules**
(1) Users can join GEMS or GT mining pool at the same time to earn rewards from GEMS pool and GT pool separately.
(2) The system will take multiple snapshots of personal staking amounts hourly, and token rewards are distributed to eligible users. Hourly earnings will be distributed into users' spot accounts.
(3) Hourly staking reward = (Individual latest 1-hour valid staking amount / Total pool staking amount) × Hourly reward pool
(4) Users can increase or redeem the staked assets at any time during the staking period.

**4.Notice**
(1) The system will take multiple snapshots of personal staking amounts each hour, and take the average staking amount as the valid staking amount.
(2) After the staking ends, the staked assets will be automatically redeemed.
(3) 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) Before participating in Startup Mining, please ensure that you fully understand the participation rules. [Click here](https://www.gate.io/help/guide/faq/37021/startup-mining-faq "Click here") to learn more details.
(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 [User Agreement](https://www.gate.io/user-agreement "User Agreement") for further details on Restricted Locations.

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Gate.io Team
September 14,2024

Introducing Gems(GEMS) on Startup Mining: Stake to Earn Mining Rewards!

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