Gate.io first launched the announcement of the 'Startup New Coin Mining' project Zircuit (ZRC)

Introduction to gate Startup new coin Mining: gate Startup Mining is a Mining stake product of the platform's Startup series, and users can obtain Token pool rewards by staking specified Tokens. Learn more about Startup new coin Mining

1. Zircuit(ZRC) Mining Rules （1）Mining time: November 22, 2024 23:00 - December 9, 2024 18:00 (UTC+8) (2) Start Trading: November 25, 2024, 18:00 (UTC+8) （3）Mining total: 5,000,000 ZRC !Zircuit(ZRC) Mining Rules

4. Unlock method: 100% unlocked

Participate in the first phase immediately and participate in the second phase immediately

2. Reward Calculation and Distribution (1) USDT/BTC/ZRC stake pool: The system will take a snapshot of the user's stakeToken quantity every hour and take the average stake quantity as the individual effective stake quantity. The hourly stake earnings = (personal latest 1-hour effective stake quantity / total stake quantity of the pool users) × hourly prize pool. (2) GT "One Coin, Multiple Mining" Prize Pool: The system will take multiple snapshots of the GT and GT2 holdings of participating users every hour, and take the average as the effective holdings for the calculation and distribution of rewards. The hourly reward for users = (GT holdings of participating users + GT2 holdings of participating users) / (total GT holdings of all participating users + total GT2 holdings of all participating users) x hourly reward of the prize pool. (3) The system will distribute Token rewards to eligible users, and the hourly earnings will be deposited into the user's Spot account. (4) Users can simultaneously participate in the USDT/BTC/ZRC and GT 'one-coin-multi-mining' staking pools, and receive Mining rewards from the USDT, BTC, and GT 'one-coin-multi-mining' staking pools respectively.

3. Introduction to Zircuit (ZRC) Zircuit is a fully EVM-compatible zero-knowledge rollup solution supported by the latest research results of L2 technology. Official Website:

4. Notes (1) After the stake ends, the staked assets will be automatically redeemed upon expiration. (2) During the stake process, users can increase or redeem stake funds at any time. When users redeem in advance or after the stake ends, the stake funds will be automatically selected to be transferred to Simple Earn. If the selection is canceled, the funds will be returned to Spot assets. If the redeemed asset amount is too small and does not meet the minimum subscription amount of Simple Earn, the asset will be automatically transferred to Spot assets. If Simple Earn does not support the subscription of the redeemed currency, the asset will also be automatically transferred to Spot assets. (3) Please update gate App to version 6.33.0 or above, or visit the gate official website to participate in GT 'One Coin, Multi-Mining'. Before participating in Startup new coin Mining, please ensure that you have fully understood the participation rules of each project. Click here to learn more about the participation rules. (4) It is strictly prohibited to register multiple accounts in bulk or engage in any cheating behaviors such as maliciously registering multiple accounts. Otherwise, the eligibility for winning will be canceled. (5) If there is any discrepancy between the translated version and the English version, the English version shall prevail. (6) Gate.io has the final interpretation right for this event. (7) This event is not related to Apple Inc. Users in the UK and other restricted areas may not be able to use all or part of the services (including participating in this event, games, or competitions). For detailed information on restricted areas, please read the User Agreement.

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Gate.io November 22, 2024