COOK(COOK) Startup Mining Initial Offering on Gate.io

About Gate.io Startup Mining

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.

1.Introduction to "Startup Mining" Project mETH Protocol (COOK)

Deployed on Ethereum layer 1 (L1) and governed by Mantle, mETH Protocol has, since late 2023. been providing users with access to $mETH, a value-accumulating receipt token that is highly composable across a range of DeFi applications on Mantle Network L2. offering exposure to additional yield-bearing opportunities. Users stake ETH with mETH Protocol and receive yield-bearing $mETH, and unstake $mETH to receive the underlying principal staked ETH and accumulated rewards.

Website: https://www.mantle.xyz/meth

2.mETH Protocol (COOK) Mining Rules

(1) Staking Period: 11:00 AM on October 29th - 11:00 AM on November 5th (UTC), 2024

(2) Staking Pool: COOK

-Total Staking Rewards: 500.000 COOK

-Prize Pool Per Hour: 2976.19 COOK

-Hourly Reward Cap Per User: 208.33 COOK

-Minimum Staking Amount: 50.0 COOK

-Unlocking Rule: 100% Unlock

(3) "Single-Coin Multi-Mining" GT Pool

-Total Staking Rewards: 500.000 COOK

-Prize Pool Per Hour: 2976.19 COOK

-Hourly Reward Cap Per User: 208.33 COOK

-Minimum Staking Amount: 0.01 GT

-Unlocking Rule: 100% Unlock

3.Reward Calculation and Distribution

(1) COOK 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 Reward = (User GT Holding Amount / Total User GT Holdings in the Pool) x Hourly Reward for the Pool.

(3) Token rewards will be distributed into the spot accounts of eligible users hourly.

(4) Users can join COOK Staking Pool or "Single-Coin Multi-Mining" GT Pool at the same time to earn rewards from COOK pool and GT pool separately.

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