Gate.io Financial Announcement on Removal of “Lock-up KSM & Earn KPN” Due to Suspension of Slot Auction of Kpron Network(KPN)Project-Announcements-Gate.io

Gate.io 09-08 09:37 相关类型 币种下线


Kpron Network (KPN), the leading network of Apron Network, has temporarily exited the KSM slot auction, and the current voting channel is displayed as closed. Gate.io has communicated with the project’s team and confirmed the news. Presently, Gate.io's "Lock-up KSM & Earn KPN" financial management has been removed.Users who have successfully participated in the "KSM Slot: Lock-up KSM & Earn KPN" 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.



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





All users are welcome to lock up KSM to help support projects and earn on-chain prize pools for bidding projects! New users sign up at Gate.io to participate.

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(removed)

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(removed), 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



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Gate.io Team



September 8th, 2021





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