Toncoin(TON) 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.

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1.Introduction to "Startup Mining" Project Toncoin (TON)

TON (The Open Network) is a Layer 1 smart contract network specializing in financial applications. It was first developed by Telegram's co-founder Nikolai Durov known as "Telegram Open Network" but has been relaunched as "The Open Network" under the TON Foundation.

Website: https://ton.org/

2.Toncoin (TON) Startup Mining Rules

(1) Startup Mining Duration: 00:00 AM on July 11th - 00:00 AM on July 18th (UTC), 2024

(2) Mining Pool: TON

(3) Staking Hard Cap: 200.000 TON

(4) Total Staking Rewards: 2.000 TON

(5) Total Daily Rewards: 285.714286 TON

(6) Individual Staking Limit: 500 TON

(7) Minimum Staking Amount: 2 TON

(8) Unlocking Rule: 100% Unlock

3.Participation Rules

(1) Users can stake TON to the TON pool for a minimum period of 12 hours to start earning rewards.

(2) A snapshot of the staked token amount for qualifying users is taken at 00:00 (UTC+0) daily, and token rewards are distributed to eligible users. Daily earnings will be distributed into users' spot accounts.

(3) Daily staking rewards = Your valid staked asset amount / Total Staking Pool Amount x Daily rewards pool.

(4) Users can increase or redeem the staked assets at any time during the staking period. However, early redemption may result in the loss of accrued rewards.

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