Eigenpie(EGP) 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 Eigenpie(EGP)

Eigenpie aims to deliver Liquid Restaking services by leveraging the technology of EigenLayer. The main focus of Eigenpie is to maximize passive income opportunities while contributing to the long-term development of the Ethereum ecosystem. On Eigenpie, participants are provided with the chance to deposit their ETH and LSTs to receive a liquid restaked version of their tokens. Through this restaked version of their assets, users can effectively add another layer of yield to their ETH positions, hence gaining more flexibility and increasing their capital efficiency.

Website: https://www.eigenlayer.magpiexyz.io/

2.Eigenpie(EGP) Startup Mining Rules

(1) Startup Mining Duration: 0:00 AM on October 1st - 0:00 AM on October 9th (UTC), 2024

(2) Mining Pool: EGP

-Total Staking Rewards: 1.000.0 EGP

-Prize Pool Per Hour: 5.2 EGP

-Hourly Reward Cap Per User: 0.52 EGP

-Minimum Staking Amount: 0.05 EGP

-Unlocking Rule: 100% Unlock

(3) Mining Pool: GT

-Total Staking Rewards: 2.000.0 EGP

-Prize Pool Per Hour: 10.41 EGP

-Hourly Reward Cap Per User: 1.04 EGP

-Minimum Staking Amount: 0.05 GT

-Unlocking Rule: 100% Unlock

3.Participation Rules

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

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