Colend(CLND) 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.Colend (CLND) Mining Rules

(1) Staking Period: 10:00 AM on November 14th - 10:00 AM on November 28th (UTC), 2024

(2) Staking Pool: CLND

-Total Staking Rewards: 80.000 CLND

-Prize Pool Per Hour: 238.09 CLND

-Hourly Reward Cap Per User: 23.81 CLND

-Minimum Staking Amount: 0.5 CLND

-Unlocking Rule: 100% Unlock

(3) Staking Pool: CORE

-Total Staking Rewards: 53.333 CLND

-Prize Pool Per Hour: 158.72 CLND

-Hourly Reward Cap Per User: 15.87 CLND

-Minimum Staking Amount: 0.1 CORE

-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 CLND and CORE Staking Pool at the same time to earn rewards from CLND pool and CORE pool separately.

3.Introduction to "Startup Mining" Project Colend (CLND)

Colend is the premier decentralized lending protocol on Core Chain, the fastest-growing BTC sidechain. BTCFi is transforming Bitcoin into a productive asset, allowing holders to earn yield through lending and staking while supporting Bitcoin's long-term security. With the BTCFi market representing less than 1% of the total crypto market cap, there is vast potential for growth.Colend innovates by its unique ve(3.3) governance model, giving users substantial influence over reward distribution.

Website: https://colend.xyz/

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