Academic Labs(AAX) 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.Academic Labs (AAX) Mining Rules

(1) Staking Period: 8:00 AM on November 18th - 8:00 AM on December 2nd (UTC), 2024

(2) Staking Pool: AAX

-Total Staking Rewards: 600.000 AAX

-Prize Pool Per Hour: 1.785.71 AAX

-Hourly Reward Cap Per User: 178.57 AAX

-Minimum Staking Amount: 1.0 AAX

-Unlocking Rule: 100% Unlock

(3) Staking Pool: ETH

-Total Staking Rewards: 1.000.000 AAX

-Prize Pool Per Hour: 2.976.19 AAX

-Hourly Reward Cap Per User: 297.62 AAX

-Minimum Staking Amount: 0.0001 ETH

-Unlocking Rule: 100% Unlock

2.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 AAX and ETH Staking Pool at the same time to earn rewards from AAX pool and ETH pool separately.

3.Introduction to Academic Labs (AAX)

Academic Labs is the first EduFi Ecosystem to enhance personalization and ownership in sharing knowledge and skills on Solana.

Academic Labs aims to combine DAO and Web3 with social-education and gamification systems to enhance the efficiency of the value exchange process in learning and sharing knowledge, fostering a continuously growing education ecosystem and knowledge database.

In the future, Academic Labs will be the best companion for users to achieve lifelong learning!

AAX = Achieve, Accomplish, Web3(X)

Website: https://acad.live/

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