GEEK(GEEK) 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.Introduction to "Startup Mining" Project De:Lithe Last Memories (GEEK)

De:Lithe Last Memories is a mobile game quality roguelike RPG blockchain game featuring 36 unique beautiful girls in an intense story of taking back a collapsed Tokyo. The game also features gorgeous voice actors from a number of famous anime! The game also features original songs for each of the 36 girls, performed by participating voice actors and famous artists, and all songs are available on avex trax, a well-known music label.

Website: https://lastmemories.io/en/

2.De:Lithe Last Memories (GEEK) Mining Rules

(1) Startup Mining Duration: 10:00 AM on October 11th - 10:00 AM on October 16th (UTC), 2024

(2) Staking Pool: GEEK

-Total Staking Rewards: 444.444.0 GEEK

-Prize Pool Per Hour: 3.703.7 GEEK

-Hourly Reward Cap Per User: 370.37 GEEK

-Minimum Staking Amount: 10.0 GEEK

-Unlocking Rule: 100% Unlock

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

-Total Staking Rewards: 888.889.0 GEEK

-Prize Pool Per Hour: 7.407.4 GEEK

-Hourly Reward Cap Per User: 518.52 GEEK

-Minimum Staking Amount: 0.01 GT

-Unlocking Rule: 100% Unlock

3.Reward Calculation and Distribution

(1) GEEK 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 Reward = (User GT Holding Amount / Total User GT Holdings in the Pool) x Hourly Reward for the Pool.

(3) Token rewards will be distributed into the spot accounts of eligible users hourly.

(4) Users can join GEEK Staking Pool or "Single-Coin Multi-Mining" GT Pool at the same time to earn rewards from GEEK pool and GT pool separately.

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