Announcements Open Loot(OL) to Be Launched on Startup Mining: Earn Staking Rewards Hourly, Invite to Boost Your Earning!

Open Loot(OL) to Be Launched on Startup Mining: Earn Staking Rewards Hourly, Invite to Boost Your Earning!

2024-12-16 11:44:16 UTC 5829 Read

OL/USDT -7.95%

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

Open Loot(OL) is now live on Gate.io Startup Mining! Stake supported assets to earn OL token rewards every hour! Invite friends to join Startup Mining now and earn up to 10% extra mining rewards!

1.Open Loot(OL) Mining Rules
(1) Staking Period: 13:00 PM on December 16th, 2024 - 13:00 PM on January 6th (UTC), 2025
(2) Total Mining Rewards: 3,000,000 OL

|Staking Pool|Total Staking Rewards  |Prize Pool Per Hour |Hourly Reward Cap Per User |Minimum Staking Amount|
| ------------ | ------------ | ------------ | ------------ | ------------ |
|OL   |500,000 OL   |992.06 OL   |29.76 OL   |0.5 OL   |
|GT  |1,288,000 OL   | 2,555.55 OL  |25.56 OL   |0.01 GT   |
|BTC   | 1,200,000 OL  |2,380.95 OL   | 23.81 OL  |0.000001 BTC   |

**🌟Invitation Rewards: 12,000 OL
Successfully invite friends to participate in Startup Mining and boost your mining rewards by up to 10%, and share 12,000 OL!**
[See more rules](https://www.gate.io/startup-mining/invitation-reward?pid=122 "See more rules")

(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)Users can join OL/GT/BTC Staking Pool at the same time to earn rewards from OL/GT/BTC pool separately.

3.Introduction to Open Loot(OL)
Open Loot is a Web3 gaming distribution platform and marketplace that supports game developers and publishers with go-to-market strategies, distribution, user experience, payments, etc.
Website: https://openloot.com/

4.Notice
(1)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.
(2)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.
(3)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.
(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/user-agreement "User Agreement") for further details on Restricted Locations.
<sp>
**Gateway to Crypto**
Trade over 3,200 cryptocurrencies safely, quickly, and easily on Gate.io

• Visit our  [Official Website](https://www.gate.io/activities/gate-collaborates-with-inter-milan "Official Website")
• Download Gate.io [App](https://www.gate.io/mobileapp?ch=ann28618 "App") / [Web](https://www.gate.io/mobileapp "Web") now
• Follow us on [Gate.io X (Twitter)](https://x.com/gate_io "Gate.io X (Twitter)") to get more bonuses
• Join our [Telegram](https://t.me/gateio_en "Telegram") to discuss hot topics
• Join our [Global Community](https://www.gate.io/community "Global Community") to get more updates
• We provide [100% proof of reserve](https://www.gate.io/proof-of-reserves "100% proof of reserve")>>>
• [Sign up](https://www.gate.io/signup "Sign up") to enjoy max. $6666 in rewards exclusively for new users
• Get 40% commission from [referrals](https://www.gate.io/referral "referrals")

Gate.io Team
December 16th, 2024

Start-End Time of the Change

Rise/fall colour

Open Loot(OL) to Be Launched on Startup Mining: Earn Staking Rewards Hourly, Invite to Boost Your Earning!

Open Loot(OL) to Be Launched on Startup Mining: Earn Staking Rewards Hourly, Invite to Boost Your Earning!

Select language and region

Fiat Currencies