Announcements SCARCITY(SCARCITY) to Be Launched on Gate.io Startup Mining: Stake to Earn Mining Rewards Hourly!

SCARCITY(SCARCITY) to Be Launched on Gate.io Startup Mining: Stake to Earn Mining Rewards Hourly!

2024-12-16 09:42:20 UTC 4235 Read

SCARCITY/USDT + 1.52%

[//]:content-type-MARKDOWN-DONOT-DELETE

SCARCITY(SCARCITY) is now live on Gate.io Startup Mining! Stake supported assets to earn SCARCITY token rewards every hour and enjoy the exclusive staking pool for Gate.io new users! Join now and earn mining rewards!

**1.SCARCITY(SCARCITY) Mining Rules**
(1) Mining Period: 10:00 AM on December 16th - 10:00 AM on December 23rd (UTC), 2024
(2) Total Mining Rewards: 108,284 SCARCITY

|Staking Pool   |Total Staking Rewards   |Prize Pool Per Hour   |Hourly Reward Cap Per User   |Minimum Staking Amount   |
| ------------ | ------------ | ------------ | ------------ | ------------ |
|SCARCITY   |80,000 SCARCITY   |476.19 SCARCITY   |14.29 SCARCITY   |0.5 SCARCITY   |
|USDT (New Comers Exclusive)  |28,284 SCARCITY   |168.35 SCARCITY   |1.68 SCARCITY   |0.1 USDT   |

(3)Unlocking Rule: 100% Unlock

**2.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.

**3.Introduction to SCARCITY(SCARCITY)**
SCARCITY is DESOC, or decentralized social media platform.
It was designed and developed to solve the problems inherent in existing centralized social applications and media by creating a social media without a central.
Website: https://www.scarcity.company/

**4.Notice**
(1) New User Exclusive Staking Pool: Only new users of Gate.io who sign up after 16:00 PM, December 12, 2024 (UTC) are eligible.
(2) 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. 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.
(3) Please complete [identity verification](https://www.gate.io/myaccount/kyc_home "identity verification") before participating in Startup Mining to enhance the security of your account and assets.
(4) After the staking ends, the staked assets will be automatically redeemed. 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.
(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.

<sp>
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Gate.io Team
December 16th, 2024

Start-End Time of the Change

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SCARCITY(SCARCITY) to Be Launched on Gate.io Startup Mining: Stake to Earn Mining Rewards Hourly!

SCARCITY(SCARCITY) to Be Launched on Gate.io Startup Mining: Stake to Earn Mining Rewards Hourly!

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