Announcements Introducing MSQUARE (MSQ) on Startup Mining: Stake to Earn Mining Rewards!

Introducing MSQUARE (MSQ) on Startup Mining: Stake to Earn Mining Rewards!

2024-09-25 09:18:17 UTC 7961 Read

MSQ/USDT -6.38%

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About Gate.io Startup Mining Program
Startup Mining is a platform where users can stake their assets or provide liquidity 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 MSQUARE (MSQ)
MSQ tokens, issued by MSQUARE, are used as payment methods for real economy platforms that are directly developed and operated. The first platform, ‘Metastar’, is a real estate information providing platform service that allows users to quickly access and issue essential documents necessary for real estate business. The second platform, MOAD, is a truck advertising service platform that allows advertisers to directly connect to provide an advertising platform. When foreign companies use the platform for domestic advertising purposes, discounts are also applied when paying with MSQ tokens. The third platform, K-PAL, is a global project that pays outstanding overseas talent with MSQ tokens such as salaries, education expenses, and platform usage fees, from Korean language education to job training to Korean employment opportunities.
Website:  https://globalmsq.com

2.MSQUARE (MSQ) Startup Mining Rules
(1) Startup Mining Duration: 12:00 PM on September 25th - 12:00 PM on October 2nd (UTC), 2024
(2) Mining Pool: MSQ
   -Total Staking Rewards: 1,011.0 MSQ
   -Prize Pool Per Hour: 6.01 MSQ
   -Hourly Reward Cap Per User: 0.6 MSQ
   -Minimum Staking Amount: 0.1 MSQ
   -Unlocking Rule: 100% Unlock
(3) Mining Pool: GT
   -Total Staking Rewards: 1,516.0 MSQ
   -Prize Pool Per Hour: 9.02 MSQ
   -Hourly Reward Cap Per User: 0.9 MSQ
   -Minimum Staking Amount: 0.1 GT
   -Unlocking Rule: 100% Unlock

3.Participation Rules
(1) Users can join MSQ or GT staking pool at the same time to earn rewards from MSQ 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
Sep 25th，2024

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Introducing MSQUARE (MSQ) on Startup Mining: Stake to Earn Mining Rewards!

Introducing MSQUARE (MSQ) on Startup Mining: Stake to Earn Mining Rewards!

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