AlienXChain(AIX) Startup Mining Initial Offering on Gate.io

AMA

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 AlienXChain (AIX)

AlienX is a variant of Arbitrum Nitro technology that lowers costs by accepting a mild trust assumption.AlienX, a variation of Arbitrum Nitro technology, reduces costs by relying on a slight trust assumption. Unlike the Arbitrum protocol, where all nodes, including validators, need access to L2 transaction data, AlienX employs an external Data Availability Committee ("the Committee") to store and provide data upon request. The Committee consists of N members, with AlienX assuming the honesty of at least two. This ensures that even if N-1 Committee members pledge to provide access to certain data, at least one honest member will fulfill the promise. Thus, the chain can operate effectively with the assurance that necessary data will be available when required.

2.AlienXChain (AIX) Startup Mining Rules:

(1) Staking period: 05:00 AM on October 16th, 2024 - 05:00 AM on October 23rd, 2024 (UTC)

(2) Trading starts time: 09:00 AM on October 23rd, 2024 (UTC)

(3) Initial circulation: 125.000.000 AIX(12.5%)

(4) Startup Mining allocation: 2.500.000 AIX

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

-Startup Mining allocation: 1.250.000.0 AIX

-Hourly Rewards：7.440.47 AIX

-Hourly Reward Cap Per User: 744.04 AIX

-Minimum Staking Amount: 0.01 GT

-Unlocking Rule: 100% Unlock

(7) Staking Pool: USDT

-Startup Mining allocation：1.250.000.0 AIX

-Hourly Rewards：7.440.47 AIX

-Hourly Reward Cap Per User: 744.04 AIX

-Minimum Staking Amount: 0.1 USDT

-Unlocking Rule: 100% Unlock

(8) Reward Calculation and Distribution

-USDT 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

-"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.

-Token rewards will be distributed into the spot accounts of eligible users hourly.

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

3.Token Information:

(1) Token name: AlienXChain

(2) Token symbol: AIX

(3) Max Supply: 1.000.000.000

(4) Token type: Mainnet

(5) Token Contract: https://explorer.alienxchain.io/token/0x75Dd0E55937947005b91e6c047FdD29d98A5e096

(6) Token Distribution and Unlocked Rules::

*A Round: 10%

3 Months cliff, linear vesting over 36 Months

*Strategy Round: 2.5%