📢 #GateOpinionQuest# for #39# is online! DYOR on the selected project, share your opinion on Gate Post, and win $300 CYRUS rewards.🎉
💬 Task for 39: Research $CYRUS and post your opinions & insights on Gate Post.
👉 How to Participate:
1.Research $CYRUS and share your opinion on Gate Post.
2.Promote $CYRUS Startup Mining:
- 20,000,000 $CYRUS are waiting for you to stake! Estimated annualized return over 156%! $USDT staking and $GT "Single-Coin Multi-Mining" is supported: https://www.gate.io/startup-mining/CYRUS?pid=52&rid=115
3.Include $CYRUS trading link in the post: https://www.gate.io/trade/CYRUS_USDT and note $CYRUS listing date: 10:00 AM, October 22, 2024 UTC.
4.Include the hashtags: #GateOpinionQuest# , #CYRUS# , #Gateio# and make sure your post has at least 60 words and gets at least 3 likes.
⚠️ Duplicate posts will not be selected. Please share your unique opinion.
⏰ Ends at 10:00 AM on October 18 (UTC)
The move was made in response to the fact that the mining rewards were halved due to the Halving, with the aim of covering operating costs in advance.
Typically, a massive sell-off by Miners before a Halving event puts downward pressure on prices.
Uniquely, Miner outflow changes with the times.
The reason why the outflow during the third halving was smaller than before was that the price falls due to the COVID-19 shock, and it was not possible to make a huge profit by selling.
In this cycle, we can see a sharp spike in the outflow rate in January 2024. This is due to the fact that Miner transferred a large number of holdings to ETF with the approval of the BTC ETF.