In order to support the Polkadot Parachain Slot Auction, we have launched a special HODL & Earn project. The first parachain auction will launch on November 11. All Gate.io DOT slot auction projects have been fully launched. Users can simply lock up DOT to support projects which take part in the auction, and earn on-chain rewards! New users sign up at Gate.io to participate.

Gate.io HODL & Earn has launched GLMR/RING/BNC/SUBG Polkadot Parachain Slot Auction Projects, Please click the links for details.

New DOT Slot Auction Projects (launched):
DOT Slot: Lock-up DOT ＆ Earn MANTA: https://www.gate.io/hodl/872
Other Projects(launched) :
DOT Slot: Lock-up DOT ＆ Earn GOV: https://www.gate.io/hodl/852
DOT Slot: Lock-up DOT ＆ Earn ACA: https://www.gate.io/hodl/853
DOT Slot: Lock-up DOT ＆ Earn ASTR: https://www.gate.io/hodl/854
DOT Slot: Lock-up DOT ＆ Earn EQ: https://www.gate.io/hodl/855
DOT Slot: Lock-up DOT ＆ Earn CFG: https://www.gate.io/hodl/857
DOT Slot: Lock-up DOT ＆ Earn GLMR: https://www.gate.io/hodl/832
DOT Slot: Lock-up DOT ＆ Earn RING: https://www.gate.io/hodl/864
DOT Slot: Lock-up DOT ＆ Earn BNC: https://www.gate.io/hodl/865
DOT Slot: Lock-up DOT ＆ Earn SUBG: https://www.gate.io/hodl/866
*Rate Subject to on-chain revenue


Methods:
App: Click“Gate.io Finance on the Markets page.
Web: Click“Finance”on the top of the homepage.


Procedure
1. DOT Lockup & Earn Participation: Users can deposit or buy DOT to join and support different projects in the Auction. Project details:

2. DOT Slot Auction: Auction will be conducted on chain, please keep an eye on the result. If the project you support fails in the auction, the funds of DOT you locked will be returned without interest.

3. Interest Distribution: When the project you support wins an auction, we will distribute interest according to the annual interest rate on-chain. Once the funds on DOT on-chain are unlocked in advance, we will also release the DOT to users right away.


Rules
1. Lockup token: DOT
2. Interest token: GOV、ACA、ASTR、EQ、PHA（removed）、CFG、GLMR、RING、BNC、SUBG、MANTA
3. Fees: 0
4. Annual interest rate is subject to the rate on chain
5. When the project you support wins the auction, we will distribute interest according to the annual interest rate on-chain.
6. Once the funds on DOT on-chain are unlocked in advance, we will also release the DOT to users right away.
7. If the project you support fails in the auction, the funds of DOT you locked will be returned with no interest.

*
1. Other supported projects in the auction will be updated later on Gate.io Finance.
2. Gate.io only serves as the platform to provide users with services for participating in the auction, and does not bear any financial losses caused by the project’s team or the security of the chain.



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Gate.io Team

November 9th, 2021