Announcements Gate.io "Startup Mining" Initial Offering: Legend of Arcadia(ARCA) and Announcement of Distribution Rules

Gate.io "Startup Mining" Initial Offering: Legend of Arcadia(ARCA) and Announcement of Distribution Rules

2024-10-24 11:17:54 UTC 32602 Read

ARCA/USDT -5.03%

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**About Gate.io Startup Mining**
Gate.io Startup Mining is a staking product in the platform’s Startup series, where users can stake designated tokens to receive rewards from the token pools.
[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 Legend of Arcadia(ARCA)**
Legend of Arcadia (LOA) is a card-based RPG game built on a vast story universe inspired by Kingdom Hearts. LOA is built with the latest technology for the modern gamer, powered by blockchain. Players can enjoy the game for free, on the go on a mobile device, and socialize in real-time with gamers from across the globe through immersive PvP game modes and trading highly composable NFTs.

**2.Legend of Arcadia(ARCA) Startup Mining Rules:**
(1) Staking period: 11:00 AM on November 1st - 11:00 AM on November 14th (UTC), 2024
(2) Trading starts time: 11:00 AM on November 4th, 2024 (UTC)
(3) Initial circulation: 112,250,000 ARCA (11.225%)
(4) Startup Mining allocation: 1,250,000 ARCA
(5) Staking Pool
![](https://gimg2.gateimg.com/image/article/172976864412211.jpeg)

(6) Unlocking Rule: 100% Unlock
(7) Reward Calculation and Distribution
-USDT & ARCA Staking Pool: 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
-"Single-Coin Multi-Mining" GT Pool: The system will take multiple snapshots of the participants' GT holdings every hour, calculate the average to determine the effective holding amount, and distribute rewards based on that effective holding amount. Hourly Reward = (User GT Holding Amount / Total User GT Holdings in the Pool) x Hourly Reward for the Pool.
-Token rewards will be distributed into the spot accounts of eligible users hourly.
-Users can join USDT, ARCA Staking Pool or "Single-Coin Multi-Mining" GT Pool at the same time to earn rewards from USDT, ARCA pool and GT pool separately.

**3.Token Information:**
(The information below is provided by the Legend of Arcadia(ARCA) team. Please follow the website for more information）
(1) Token name: Legend of Arcadia
(2) Token symbol: ARCA
(3) Max Supply: 1,000,000,000
(4) Token type: Ethereum
(5) Token Contract: https://etherscan.io/token/0x1c00c3e03c3a10a0c1d9b6d1a42e797d7cb4147a?a=0x6cf381afa1610148d5fa80855ad23928e1de68f9 
(6) Token Distribution and Unlocked Rules::
*Seed Round: 4.00%
TGE: 5%, after 3-month cliff, remaining 95% token will be distributed within 18 months

*Private Round: 5.00%
TGE: 5%, after 3 month cliff, remaining 95% token will be distributed within 18 months

*Public Round (IDO): 3.00%
TGE: 50%, after 3 month cliff, remaining 50% token will be distributed within 12 months

*Team & Advisor: 20.00%
After 12 month cliff, token will be distributed linearly within 36 months

*P2E & Staking Rewards: 27.00%
TGE: 5% unlock at the game launch, the remaining 95% token will be distributed linearly within 60 months

*Liquidity: 4.00%
TGE: 100%

*Community & Marketing: 10.00%
TGE: 5%, the remaining 95% token will be distributed linearly within 60 months

*Airdrop: 8.00%
TGE: 50%, 3 months cliff, 60 months linear vesting

*Ecosystem Reserve: 19.00%
TGE: 9%, the remaining 91% token will be distributed linearly within 60 months

(7) Website: https://legendofarcadia.io/ 
(8) Whitepaper: https://whitepaper.legendofarcadia.io/legend-of-arcadia  
(9) Token information: https://etherscan.io/token/0x1c00c3e03c3a10a0c1d9b6d1a42e797d7cb4147a?a=0x6cf381afa1610148d5fa80855ad23928e1de68f9

**4.Gate.io Labs Investment Participating Disclosure**
Gate.io Labs did not participate in the Legend of Arcadia(ARCA) investment.

**5.Notice**
(1) After the staking ends, the staked assets will be automatically redeemed. Participants of "Single-Coin Multi-Mining" do not need to manually redeem their GT token.
(2) 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.
(3) Please update your Gate.io App to the latest version (6.33.0) or higher, or visit Gate.io’s official website to join "[Single-Coin Multi-Mining](https://www.gate.io/announcements/article/39718 "Single-Coin Multi-Mining")" GT Pool. 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.
(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 [ User Agreement](https://www.gate.io/zh/user-agreement " User Agreement") for further details on Restricted Locations.

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Gate.io Team
October 24th, 2024

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Gate.io "Startup Mining" Initial Offering: Legend of Arcadia(ARCA) and Announcement of Distribution Rules

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