Pencils Protocol(DAPP) Startup Mining Initial Offering on Gate.io

About Gate.io Startup Mining Program

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.

1.Introduction to "Startup Mining" Project Pencils Protocol (DAPP)

Pencils Protocol is the next-gen decentralized platform that offers auction services for blockchain native assets and RWAs, along with unified and leveraged yield aggregation services for users to maximize asset utilization.Pencils Protocol also serve as Scroll native gateway for liquid staking and restaking assets.

Powered by Scroll, Pencils Protocol redefines the Layer-2 sectors by utilizing Scroll's zero-knowledge technology. We focus on scalable and private DeFi services, enhancing yield aggregation and farming. By leveraging the synergy between our launchpad and farming solutions, we aim to become the primary TVL gateway for the Scroll ecosystem.

Website: https://pencilsprotocol.io/

2.Pencils Protocol (DAPP) Startup Mining Rules

(1) Startup Mining Duration: 10:00 AM on September 27th - 10:00 AM on October 7th (UTC), 2024

(2) Mining Pool: DAPP

-Total Staking Rewards: 13.333.0 DAPP

-Prize Pool Per Hour: 55.55 DAPP

-Hourly Reward Cap Per User: 3.89 DAPP

-Minimum Staking Amount: 0.1 DAPP

-Unlocking Rule: 100% Unlock

3.Participation Rules

(1) Users can join DAPP staking pool to earn rewards from DAPP pool.

(2) The system will take multiple snapshots of personal staking amounts hourly, and token rewards are distributed to eligible users. Hourly earnings will be distributed into users' spot accounts.

(3) Hourly staking reward = (Individual latest 1-hour valid staking amount / Total pool staking amount) × Hourly reward pool

(4) Users can increase or redeem the staked assets at any time during the staking period.

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