BSX Protocol(BSX): Gate.io Startup Mining Initial Offering, Stake to Earn Rewards Hourly!

BSX Protocol(BSX) is now live on Gate.io Startup Mining! Stake supported assets to earn BSX token rewards every hour!

1.Introduction to BSX Protocol(BSX)BSX is building the fastest, simplest, and most secure decentralized exchange for perpetual trading on Base. BSX combines an off-chain central limit order book for efficient trade matching with on-chain settlement through Ethereum L2 smart contracts. This hybrid design offers a high-performance, low-latency trading experience comparable to centralized exchanges, while maintaining the transparency and security of decentralization. Backed by Blockchain Capital, and other leading crypto investors, and advised by Arthur Hayes, BSX is developed by a team of veterans from FalconX.

2.BSX Protocol(BSX) Mining Rules:(1) Staking period: 10:00 AM on Jan 10th, 2025 - 10:00 AM on Jan 24th, 2025 (UTC)(2) Trading starts time: 10:00 AM Jan 16th, 2025(UTC)(3) Startup Mining allocation: 1,542,857 BSX

(4) Phase 1: 10:00 AM on Jan 10th, 2025 - 10:00 AM on Jan 16th, 2025 (UTC)Staking Pool: USDT-Staking Rewards: 300,000 BSX-Prize Pool Per Hour: 2,083.33 BSX-Hourly Reward Cap Per User: 62.5 BSX-Maximum Staking Amount: 5,000 USDT-Minimum Staking Amount: 0.1 USDT

Staking Pool: GT-Staking Rewards: 400,000 BSX-Prize Pool Per Hour: 2,777.77 BSX-Hourly Reward Cap Per User: 55.56 BSX-Maximum Staking Amount: 1,000 GT-Minimum Staking Amount: 0.01 GT

(5) Phase 2: 10:00 AM Jan 16th, 2025 - 10:00 AM on Jan 24th, 2025 (UTC)Staking Pool: BSX-Staking Rewards: 200,000 BSX-Prize Pool Per Hour: 1,041.66 BSX-Hourly Reward Cap Per User: 31.25 BSX-Maximum Staking Amount: 300,000 BSX-Minimum Staking Amount: 0.5 BSX

Staking Pool: USDT (New Comers Exclusive)-Staking Rewards: 642,857 BSX-Prize Pool Per Hour: 3,348.21 BSX-Hourly Reward Cap Per User: 16.74 BSX-Maximum Staking Amount: 10,000 USDT-Minimum Staking Amount: 0.1 USDT

(6) Unlocking Rule: 100% Unlock

3.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 ETH/BSX/GT Staking Pool at the same time to earn rewards from ETH/BSX/GT separately. Only new users of Gate.io who sign up after 16:00 PM, Jan 13, 2025 (UTC) are eligible to join the New Comer Exclusive USDT Staking Pool.

4.Token Information:(The information below is provided by the BSX Protocol(BSX) team. Please follow the website for more information）(1) Token name: BSX Protocol(2) Token symbol: BSX(3) Max Supply: 1,000,000,000(4) Token type: BASE(5) Token Contract: https://basescan.org/address/0xD47F3E45B23b7594F5d5e1CcFde63237c60BE49e(6) Token Distribution and Unlocked Rules:-Community Airdrop (10%): TGE unlocks-Long term rewards (21.2%): TGE unlocks 2.07% linear vesting of 48 months-Protocol Development (10%): 3.3% TGE unlock, vest over 60 months-Treasury (5%): 0% unlock at TGE, vest over 60 months-Liquidity (4.5%): TGE fully unlocked-Ecosystem Partners (1%): 0% unlock at TGE, 12 months cliff, then linear vesting of 24 months-Strategic Participants (27.3%): 0% unlock at TGE, 12 months cliff, then linear vesting of 24 months-Team (21%): 0% unlock at TGE, 12 months cliff, then linear vesting of 24 months(7) Website: https://www.bsx.exchange/(8) Whitepaper: https://docs.bsx.exchange/bsx-docs

5.Gate.io Labs Investment Participating DisclosureGate.io Labs did not participate in the BSX Protocol(BSX) investment.

6.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 to learn more details.(2) Please complete 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 for further details on Restricted Locations.

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Gate.io TeamJan 10th, 2025