Matrix Layer Protocol(MLP) 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.Matrix Layer Protocol (MLP) Mining Rules

(1) Staking Period: 0:00 AM on November 17th - 0:00 AM on December 1st (UTC), 2024

(2) Staking Pool: MLP

-Total Staking Rewards: 833.333.0 MLP

-Prize Pool Per Hour: 2.480.15 MLP

-Hourly Reward Cap Per User: 248.02 MLP

-Minimum Staking Amount: 5.0 MLP

-Unlocking Rule: 100% Unlock

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

-Total Staking Rewards: 1.666.667.0 MLP

-Prize Pool Per Hour: 4.960.31 MLP

-Hourly Reward Cap Per User: 347.22 MLP

-Minimum Staking Amount: 0.01 GT

-Unlocking Rule: 100% Unlock

2.Reward Calculation and Distribution

(1) MLP 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 MLP Staking Pool or "Single-Coin Multi-Mining" GT Pool at the same time to earn rewards from MLP pool and GT pool separately.

3.Introduction to Matrix Layer Protocol (MLP)

Matrix Layer Protocol (MLP) is an innovative communication and infrastructure protocol driven by AI, designed to provide efficient and flexible multi-dimensional data transmission solutions for decentralized network ecosystems. The core design of MLP revolves around layered structures and multi-dimensional network topologies, supporting the rapid expansion and application of future communication scenarios such as the Internet of Things (IoT), Web3. and the Metaverse. As an infrastructure protocol, MLP is capable of providing low-latency, high-security services across various network environments.

Website: https://www.matrixlayer.ai

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