catwifhat(CWIF) 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.

1.Introduction to "Startup Mining" Project Catwifhat (CWIF)

Catwifhat is a memecoin about embracing the fun side of crypto while burning along the way. Catwifhat became a hit deflationary meme across the Solana community in early 2024 after completing airdrops to more than 1.600.000 holders.

Website: https://catwifhatsolana.com

2.Catwifhat (CWIF) Startup Mining Rules

(1) Startup Mining Duration: 04:00 AM on August 8th - 04:00 AM on August 15th (UTC), 2024

(2) Mining Pool: CWIF

-Total Staking Rewards: 10.139.931.048 CWIF

-Prize Pool Per Hour: 60.356.732.43 CWIF

-Hourly Reward Cap Per User: 6.035.673.2 CWIF

-Minimum Staking Amount: 20.000.000 CWIF

-Unlocking Rule: 100% Unlock

(3) Mining Pool: GT

-Total Staking Rewards: 10.139.931.048 CWIF

-Prize Pool Per Hour: 60.356.732.43 CWIF

-Hourly Reward Cap Per User: 6.035.673.2 CWIF

-Minimum Staking Amount: 2.0 GT

-Unlocking Rule: 100% Unlock

3.Participation Rules

(1) Users can join CWIF or GT mining pool at the same time to the earn rewards from CWIF pool and GT pool separately.

(2) The system will take multiple snapshots of personal staking amounts hourly, and token rewards are distributed to eligible users. Hourly earnings will be distributed into users' spot accounts.

(3) Hourly staking reward = (Individual latest 1-hour valid staking amount / Total pool staking amount) × Hourly reward pool

(4) Users can increase or redeem the staked assets at any time during the staking period.

4.Notice

(1) The system will take multiple snapshots of personal staking amounts each hour, and take the average staking amount as the valid staking amount.

(2) After the staking ends, the staked assets will be automatically redeemed.

(3) After the user redeems in advance or the staking is completed, the staked assets will be transferred to Simple Earn by default. If this option is unchecked, the staked assets will be redeemed into spot assets. If the amount of redeemed assets is too small and does not meet the minimum subscription amount of Simple Earn, the assets will be automatically transferred to spot assets. Additionally, if Simple Earn does not support the subscription of the redeemed token, the assets will also be automatically transferred to spot assets.

(4) Before participating in Startup Mining, please ensure that you fully understand the participation rules. Click here to learn more details.

(5) Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

(6) Gate.io reserves all rights to the final explanation.

(7) This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the User Agreement for further details on Restricted Locations.

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