Zircuit(ZRC) 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.Zircuit(ZRC) Mining Rules

(1) Staking Period: 15:00 PM on November 22nd - 10:00 AM on December 9th (UTC), 2024

(2) Trading starts time: 10:00 AM on November 25th, 2024 (UTC)

(3) Startup Mining allocation: 5.000.000 ZRC

(4)Unlocking Rule: 100% Unlock

2.Reward Calculation and Distribution

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

3.Introduction to Zircuit(ZRC)

Zircuit is a fully EVM-compatible,zero-knowledge rollup powered by the latest research in L2 technology.

Website: https://www.zircuit.com/

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