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Cyrus(CYRUS) Startup Mining Initial Offering on Gate.io
CyrusAbout 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 Cyrus(CYRUS)
The Cyrus Project produces renewable electricity to reduce carbon emissions and create personal health and environmental value through exercise. It participates in electricity production and rewards users using blockchain technology.
2.Cyrus(CYRUS) Startup Mining Rules:
(1) Staking period: 06:00 AM on October 15th - 06:00 AM on October 22nd (UTC), 2024
(2) Trading starts time: 10:00 AM on October 22nd, 2024 (UTC)
(3) Initial circulation: 120.000.000 CYRUS (4%)
(4) Startup Mining allocation: 20.000.000 CYRUS
(5) "Single-Coin Multi-Mining" GT Pool
-Startup Mining allocation: 10.000.000.0 CYRUS
-Hourly Rewards：59.523.8 CYRUS
-Hourly Reward Cap Per User: 4.166.67 CYRUS
-Minimum Staking Amount: 0.01 GT
-Unlocking Rule: 100% Unlock
(6) Staking Pool: USDT
-Startup Mining allocation：10.000.000.0 CYRUS
-Hourly Rewards：59.523.8 CYRUS
-Hourly Reward Cap Per User: 4.166.67 CYRUS
-Minimum Staking Amount: 0.1 USDT
-Unlocking Rule: 100% Unlock
(7) 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: Cyrus
(2) Token symbol: CYRUS
(3) Max Supply: 3.000.000.000
(4) Token type: Polygon
(5) Token Contract: https://polygonscan.com/token/0xb853f7852aa780831f165899ccbaf5db0882b0d6
(6) Token Distribution and Unlocked Rules::
Sale : 10%
1st, TGE: 39.95%, 100% Unlock
2nd, TGE: 60.05%, 3 months cliff, linear vesting over 5 months
Team: 10%
TGE: 5.33%, 10 months cliff, linear vesting over 36 months
Advisor & Partner: 4%
TGE: 3.83%, 7 months cliff, linear vesting over 36 months
Investment: 1%
Undecided
Reserve: 20%
5 months cliff, Quarterly vesting over 33 months
Marketing: 10%
TGE 9.33%, linear vesting over 36 months
Ecosystem_(Platform): 45%
TGE 0.07%, linear vesting over 15 years
(7) Website: https://cyruslab.io/
(8) Whitepaper: https://cyrus.gitbook.io/copy-of-sylas-whitepaper-en-v.2.0
(9) Token information: https://polygonscan.com/token/0xb853f7852aa780831f165899ccbaf5db0882b0d6
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