Announcements Introducing Cyrus(CYRUS) "Launchpool" Phase 2: Stake to Earn Rewards Hourly!

Introducing Cyrus(CYRUS) "Launchpool" Phase 2: Stake to Earn Rewards Hourly!

2024-10-21 07:44:55 UTC 25171 Read

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About Gate.io Launchpool Program
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.
<a href="https://www.gate.io/startup-mining?gt_disable_intercept_jump=1&needNavBar=0" target="_blank">Visit Launchpool and learn more</a>

1.Introduction to "Launchpool" Project Cyrus(CYRUS)
The Cyrus Project produces renewable electricity to reduce carbon emissions and create personal health and environmental value through exercise. It participates in electricity production and rewards users using blockchain technology.
Website: https://cyruslab.io/

2.Cyrus(CYRUS) "Launchpool" Phase 2 Mining Rules
(1) Mining Period: 10:00 AM on October 22nd - 10:00 AM on November 21st (UTC), 2024
(2) Staking Pool: CYRUS
   -Total Staking Rewards: 3,500,000 CYRUS
   -Prize Pool Per Hour: 4,861.11 CYRUS
   -Hourly Reward Cap Per User: 340.28 CYRUS
   -Minimum Staking Amount: 0.1 CYRUS
   -Unlocking Rule: 100% Unlock

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.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 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">Click here</a> 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 <a href="https://www.gate.io/user-agreement" target="_blank">User Agreement</a> for further details on Restricted Locations.

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Gate.io Team
Oct 21st，2024

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Introducing Cyrus(CYRUS) "Launchpool" Phase 2: Stake to Earn Rewards Hourly!

Introducing Cyrus(CYRUS) "Launchpool" Phase 2: Stake to Earn Rewards Hourly!

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