Lock up KSM & Earn,Join Kusama Slot Auction(7 new projects including SKU/SGB/KMA/XRT/KILT/PICA/GENS updated)-Announcements-Gate.io

Gate.io 08-31 12:43 相关类型 币种上线


In
order to support the Kusama Parachain Slot Auction, we launched a
special HODL & Earn project and the sixth parachain auction will be
launched at 12:00 UTC on September 1. Users can simply lock up KSM to
support projects which take part in the auction, and earn on-chain
rewards! New users sign up at Gate.io to participate.





Methods:

App: Click“Gate.io Finance on the Markets page.

Web: Click“Finance”on the top of the homepage.



KSM slot auction had launched the following projects today:

KSM Slot: Lock-up KSM & Earn SKU: https://www.gate.io/hodl/730

KSM Slot: Lock-up KSM & Earn SGB: https://www.gate.io/hodl/729

KSM Slot: Lock-up KSM & Earn KMA: https://www.gate.io/hodl/728

KSM Slot: Lock-up KSM & Earn XRT: https://www.gate.io/hodl/727

KSM Slot: Lock-up KSM & Earn KILT: https://www.gate.io/hodl/726

KSM Slot: Lock-up KSM & Earn PICA: https://www.gate.io/hodl/725

KSM Slot: Lock-up KSM & Earn GENS: https://www.gate.io/hodl/724

Other projects

KSM Slot: Lock-up KSM & Earn KPN: https://www.gate.io/hodl/606

KSM Slot: Lock-up KSM & Earn PKS: https://www.gate.io/hodl/607

KSM Slot: Lock-up KSM & Earn KAZE: https://www.gate.io/hodl/608

KSM Slot: Lock-up KSM & Earn CRU and CSM: https://www.gate.io/hodl/609

KSM Slot: Lock-up KSM & Earn KSX: https://www.gate.io/hodl/599

KSM Slot: Lock-up KSM & Earn CRING: https://www.gate.io/hodl/600



*Rate Subject to on-chain revenue



Procedure

1. KSM Lockup & Earn Participation: Users can deposit or buy KSM to
join and support different projects in the Auction. Project details:



2. KSM Slot Auction: Auction will be conducted on chain, please keep an
eye on the result. If the project you support fails in the auction, the
funds of KSM you locked will be returned without interest.



3.
Interest Distribution: When the project you support wins an auction, we
will distribute interest according to the annual interest rate on-chain.
Once the funds on KSM on-chain are unlocked in advance, we will also
release the KSM to users right away.





Rules

1. Lockup token: KSM

2. Interest token: KPN, PKS, KAZE, CRU and CSM, KSX, CRING, SKU, SGB, KMA, XRT, KILT, PICA, GENS

3. Fees: 0

4. Annual interest rate is subject to the rate on chain

5. When the project you support wins the auction, we will distribute interest according to the annual interest rate on-chain.

6. Once the funds on KSM on-chain are unlocked in advance, we will also release the KSM to users right away.

7. If the project you support fails in the auction, the funds of KSM you locked will be returned with no interest.



*

1. Other supported projects in the auction will be updated later on Gate.io Finance.

2. Gate.io only serves as the platform to provide users with services
for participating in the auction, and does not bear any financial losses
caused by the project’s team or the security of the chain.







Gate.io is a Cryptocurrency Trading Platform Since 2013



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Gate.io Team



August 31st, 2021





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