Gate.io Financial Announcement on Removal of “Lock-up KSM & Earn KILT” Due to Maximum Number of Votes in KILT Auction-Announcements-Gate.io

Gate.io 09-02 07:39 相关类型 币种下线


In the sixth Kusama Parachain Slot Auction, KILT Spiritnet (KILT) reached the upper limit of 220,000.0000 KSM in the slot auction within 2 hours. Therefore, Gate.io was unable to vote on behalf of users on the exchange. Presently, Gate.io has removed the financial management. Users who have successfully participated in the "KSM Slot: Lock-up KSM & Earn KILT" financial management, please wait patiently. Gate.io will return the locked KSM as soon as possible to release funds so that users can participate in other projects. Meanwhile, we will strive to provide all participating users mega benefits.



Details of the sixth parachain auction:

https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama-rpc.polkadot.io#/parachains/crowdloan







We have launched a special HODL & Earn project “Lock up KSM & Earn,Join Kusama Slot Auction!”. Currently available projects are as follows:



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(removed)

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

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






Methods:

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

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





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(removed), 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



Top ranking, Trustworthy, Transparent





Sign up to enter the crypto gateway and get 40% commission from referrals



Download iOS/Android App right now.





Follow us on social media



Twitter: https://twitter.com/gate_io



Telegram:https://t.me/gateio



Instagram:https://www.instagram.com/gateioglobal



Medium:https://medium.com/@gateio





Gate.io Team



September 2nd, 2021





Gate.io最新公告查看更多

    币种下线更多