Announcements Gate.io “Startup Mining” Initial Offering: Cyrus(CYRUS) and Announcement of Distribution Rules

Gate.io “Startup Mining” Initial Offering: Cyrus(CYRUS) and Announcement of Distribution Rules

2024-10-12 17:43:53 UTC 42405 Read

CYRUS/USDT -7.29%

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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 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.

**2.Cyrus(CYRUS) Startup Mining Rules:**
(1) Staking period: 06:00 AM on October 15th - 06:00 AM on October 22nd (UTC), 2024
(2) Trading starts time: 10:00 AM on October 22nd, 2024 (UTC)
(3) Initial circulation: 120,000,000 CYRUS (4%)
(4) Startup Mining allocation: 20,000,000 CYRUS

**(5) "Single-Coin Multi-Mining" GT Pool**
-Startup Mining allocation: 10,000,000.0 CYRUS
-Hourly Rewards：59,523.8 CYRUS
-Hourly Reward Cap Per User: 4,166.67 CYRUS
-Minimum Staking Amount: 0.01 GT
-Unlocking Rule: 100% Unlock

**(6) Staking Pool: USDT**
-Startup Mining allocation：10,000,000.0 CYRUS
-Hourly Rewards：59,523.8 CYRUS
-Hourly Reward Cap Per User: 4,166.67 CYRUS
-Minimum Staking Amount: 0.1 USDT
-Unlocking Rule: 100% Unlock

(7) Reward Calculation and Distribution
-USDT 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 Staking Pool or "Single-Coin Multi-Mining" GT Pool at the same time to earn rewards from USDT pool and GT pool separately.

**3.Token Information:**
(1) Token name: Cyrus
(2) Token symbol: CYRUS
(3) Max Supply: 3,000,000,000
(4) Token type: Polygon
(5) Token Contract: https://polygonscan.com/token/0xb853f7852aa780831f165899ccbaf5db0882b0d6 
(6) Token Distribution and Unlocked Rules::
Sale : 10%
1st, TGE: 39.95%, 100% Unlock
2nd, TGE: 60.05%, 3 months cliff, linear vesting over 5 months
 
Team: 10%
TGE: 5.33%, 10 months cliff, linear vesting over 36 months
 
Advisor & Partner: 4%
TGE: 3.83%, 7 months cliff, linear vesting over 36 months
 
Investment: 1%
Undecided
 
Reserve: 20%
5 months cliff, Quarterly vesting over 33 months

Marketing: 10% 
TGE 9.33%, linear vesting over 36 months
 
Ecosystem_(Platform): 45%
TGE 0.07%, linear vesting over 15 years

(7) Website: https://cyruslab.io/ 
(8) Whitepaper: https://cyrus.gitbook.io/copy-of-sylas-whitepaper-en-v.2.0 
(9) Token information: https://polygonscan.com/token/0xb853f7852aa780831f165899ccbaf5db0882b0d6

**4.Gate.io Labs Investment Participating Disclosure**
Gate.io Labs did not participate in the Cyrus(CYRUS) 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 13th, 2024

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Gate.io “Startup Mining” Initial Offering: Cyrus(CYRUS) and Announcement of Distribution Rules

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