Duyurular Startup Mining FAQ

Startup Mining FAQ

2024-06-05 07:55:17 UTC 16434 Okundu

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**1.What is Startup Mining?**
Startup Mining is a platform where users can stake their assets or provide liquidity to earn rewards in new project tokens. Users can lock specified tokens in the Startup Mining pool to receive corresponding project token rewards.

**2.How can I participate in Startup Mining?**
First, login to your Gate.io account and navigate to the Startup Mining page. Then, choose the project you want to participate in and stake your assets. Once you've staked for a minimum period of 12 hours, you will start earning rewards.

**3.Which tokens can I stake in Startup Mining pool?**
The tokens eligible for participation will be announced on the mining page of each project. Please visit the corresponding page of Startup Mining to view more details.

**4.How many tokens will be rewarded? **
Daily staking rewards = Your valid staked asset amount / Total valid staked asset amount by all participants * Daily rewards pool
Note: The system will take hourly snapshots of participant's staked assets, and the valid staked asset amount for participants will be the average staked amount per hour. If the staking duration is less than 12 hours on the given day, no rewards will be granted for that day.

**5.How are rewards distributed?**
A snapshot of the staked token amount for qualifying users is taken at 00:00 (UTC+0) daily, and token rewards are distributed to eligible users. Daily earnings will be distributed into users' spot accounts.

**6.When will the staked assets be redeemed?**
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. 
1) 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. 
2) If Simple Earn does not support the subscription of the redeemed token, the assets will also be automatically transferred to spot assets.

**7.Can I redeem my staked assets at any time?**
Yes, you can redeem your staked assets at any time. However, early redemption may result in the loss of accrued rewards.

**8.Can I add additional staked assets?**
If a user makes an additional stake, a snapshot of the staked assets will be taken after 12 hours and counted as the valid staked amount.

**9.Can I participate in multiple projects at the same time?**
When there are multiple Startup Mining projects going on at the same time, you can stake in different pools to receive new token mining rewards for multiple projects.
Note: Each staking pool needs to be staked separately. If you only stake assets in Pool A, you will not be able to obtain rewards from Pool B. You can stake Pool A and Pool B separately to obtain the corresponding mining rewards of new tokens.

**10.What is the maximum mining reward I can receive?**
Please refer to the relevant announcements for the mining hard cap limit for each project.

Startup Mining FAQ

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