peaq(PEAQ) 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.peaq network (PEAQ) Mining Rules

(1) Staking Period: 10:00 AM on November 21st - 10:00 AM on December 1st (UTC), 2024

(2) Staking Pool: PEAQ

-Total Staking Rewards: 66.667.0 PEAQ

-Prize Pool Per Hour: 277.77 PEAQ

-Hourly Reward Cap Per User: 19.44 PEAQ

-Minimum Staking Amount: 0.1 PEAQ

-Unlocking Rule: 100% Unlock

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

-Total Staking Rewards: 133.333.0 PEAQ

-Prize Pool Per Hour: 555.55 PEAQ

-Hourly Reward Cap Per User: 38.89 PEAQ

-Minimum Staking Amount: 0.01 GT

-Unlocking Rule: 100% Unlock

2.Reward Calculation and Distribution

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

3.Introduction to peaq network (PEAQ)

peaq is leading a global infrastructure revolution, empowering people to own and earn from the physical infrastructure they use, such as mobility, energy, and connectivity. peaq is a layer-1 blockchain designed to be the go-to backbone for the Machine Economy, now known as DePIN. It is home to more than 50 applications in 21 industries and to the 1.750.000+ devices, vehicles, machines, and robots (Machine RWAs) that run on them. peaq serves as permissionless, borderless digital infrastructure for increasingly intelligent machines to serve all of humanity – the 100%, not just the 1% – democratizing abundance in the Age of AI and job automation.

Website: https://peaq.network

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