Introducing peaq network (PEAQ) on Startup Mining: Stake to Earn Rewards Hourly!

About Gate.io Startup MiningGate.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.Visit Startup Mining and learn more

1.peaq network (PEAQ) Mining Rules(1) Staking Period: 10:00 AM on November 21st - 10:00 AM on December 1st (UTC), 2024(2) Staking Pool: PEAQ-Total Staking Rewards: 66,667.0 PEAQ-Prize Pool Per Hour: 277.77 PEAQ-Hourly Reward Cap Per User: 19.44 PEAQ-Minimum Staking Amount: 0.1 PEAQ-Unlocking Rule: 100% Unlock(3) "Single-Coin Multi-Mining" GT Pool-Total Staking Rewards: 133,333.0 PEAQ-Prize Pool Per Hour: 555.55 PEAQ-Hourly Reward Cap Per User: 38.89 PEAQ-Minimum Staking Amount: 0.01 GT-Unlocking Rule: 100% Unlock

2.Reward Calculation and Distribution(1) PEAQ Staking Pool: 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) "Single-Coin Multi-Mining" GT Pool: The system will take multiple snapshots of the participants' GT holdings every hour, calculate the average to determine the effective holding amount, and distribute rewards based on that effective holding amount. Hourly rewards for users = (User’s GT holdings User’s GT2 holdings) / (Total GT holdings of all participants Total GT2 holdings of all participants) x hourly reward pool.(3) Token rewards will be distributed into the spot accounts of eligible users hourly.(4) Users can join PEAQ Staking Pool or "Single-Coin Multi-Mining" GT Pool at the same time to earn rewards from PEAQ pool and GT pool separately.

3.Introduction to peaq network (PEAQ)peaq is leading a global infrastructure revolution, empowering people to own and earn from the physical infrastructure they use, such as mobility, energy, and connectivity. peaq is a layer-1 blockchain designed to be the go-to backbone for the Machine Economy, now known as DePIN. It is home to more than 50 applications in 21 industries and to the 1,750,000 devices, vehicles, machines, and robots (Machine RWAs) that run on them. peaq serves as permissionless, borderless digital infrastructure for increasingly intelligent machines to serve all of humanity – the 100%, not just the 1% – democratizing abundance in the Age of AI and job automation.Website: https://peaq.network

4.Notice(1) After the staking ends, the staked assets will be automatically redeemed. Participants of "Single-Coin Multi-Mining" do not need to manually redeem their GT token.(2) 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.(3) Please update your Gate.io App to the latest version (6.33.0) or higher, or visit Gate.io’s official website to join "Single-Coin Multi-Mining" GT Pool. Before participating in Startup Mining, please ensure that you fully understand the participation rules. Click here to learn more details.(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 for further details on Restricted Locations.