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

About Gate.io Startup Mining Program

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 ReflectionAI (RECT)

Reflection AI is a decentralized platform designed for AI model collaboration, allowing users to share, acquire, and trade AI models for profit. It creates an open ecosystem where users can upload their models for monetization or explore and purchase others' models for a variety of applications. Through continuous optimization based on user interactions, feedback, and data, Reflection empowers individuals to develop personalized AI-driven avatars. The platform's incentive mechanism, backed by Web3 smart contracts, ensures transparency, security, and fair treatment of contributions, fostering a privacy-focused environment that enhances user engagement and trust.

Website: https://www.reflectionai.app/

2.ReflectionAI (RECT) Mining Rules

(1) Staking Period: 10:00 AM on October 31st - 10:00 AM on November 15th(UTC), 2024

(2) Staking Pool: RECT

-Total Staking Rewards: 50.000 RECT

-Prize Pool Per Hour: 138.88 RECT

-Hourly Reward Cap Per User: 13.89 RECT

-Minimum Staking Amount: 0.2 RECT

-Unlocking Rule: 100% Unlock

(3) Staking Pool: ETH

-Total Staking Rewards: 100.000 RECT

-Prize Pool Per Hour: 277.77 RECT

-Hourly Reward Cap Per User: 19.44 RECT

-Minimum Staking Amount: 0.00001 ETH

-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 RECT and ETH Staking Pool at the same time to earn rewards from RECT pool and ETH pool separately.

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