Announcements Introducing Nektar Network(NEKTAR) on Startup Mining: Stake to Earn Mining Rewards!

Introducing Nektar Network(NEKTAR) on Startup Mining: Stake to Earn Mining Rewards!

2024-12-04 12:06:39 UTC 9379 Read

NEKTAR/USDT + 8.64%

[//]:content-type-MARKDOWN-DONOT-DELETE
Nektar Network(NEKTAR) is now live on Gate.io Startup Mining! Stake supported assets to earn NEKTAR token rewards every hour!

**1.Nektar Network(NEKTAR) Mining Rules**
(1) Staking Period: 14:00 PM on December 4th - 14:00 PM on December 9th (UTC), 2024
**(2) Staking Pool: NEKTAR**
   -Total Staking Rewards:  80,000.0 NEKTAR
   -Prize Pool Per Hour: 666.66 NEKTAR
   -Hourly Reward Cap Per User: 46.67 NEKTAR
   -Minimum Staking Amount: 1.0 NEKTAR
   -Unlocking Rule: 100% Unlock
**(3) Staking Pool: ETH**
   -Total Staking Rewards: 120,000.0 NEKTAR
   -Prize Pool Per Hour: 1,000.0 NEKTAR
   -Hourly Reward Cap Per User: 70.0 NEKTAR
   -Minimum Staking Amount: 0.00003 ETH
   -Unlocking Rule: 100% Unlock

**2.Reward Calculation and Distribution**
(1)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
(2)Token rewards will be distributed into the spot accounts of eligible users hourly.
(3)Users can join NEKTAR and ETH Staking Pool at the same time to earn rewards from NEKTAR pool and ETH pool separately.

**3.Introduction to Nektar Network(NEKTAR) **
Nektar is a Liquidity & Infrastructure Marketplace that aggregates liquidity by connecting Delegators to Networks through a Decentralized Asset Manager (DAM). DAMs also enable Operators to manage infrastructure operation for the benefit of Networks.
Nearly any participant in the modular decentralized economy can use Nektar to distribute rewards or source compute power without relinquishing token control or altering incentive mechanics.
Nektar aims to match infrastructure and liquidity needs of:
-Operators maximize capital efficiency of existing infrastructure by accessing top revenue-generating opportunities
-Networks incentivize liquidity, attract new operators, boost loyalty of existing ones
-Delegators increase potential rewards from their assets by depositing a wide array of tokens
-Managers are responsible for creating and running DAMs
Website: https://nektar.network/

**4.Notice**
(1) The system will take multiple snapshots of personal staking amounts each hour, and take the average staking amount as the valid staking amount.
(2) After the staking ends, the staked assets will be automatically redeemed.
(3) After the user redeems in advance or the staking is completed, the staked assets will be transferred to Simple Earn by default. If this option is unchecked, the staked assets will be redeemed into spot assets. If the amount of redeemed assets is too small and does not meet the minimum subscription amount of Simple Earn, the assets will be automatically transferred to spot assets. Additionally, if Simple Earn does not support the subscription of the redeemed token, the assets will also be automatically transferred to spot assets.
(4) Before participating in Startup Mining, please ensure that you fully understand the participation rules. [Click here](https://www.gate.io/help/guide/faq/37021/startup-mining-faq "Click here") to learn more details.
(5) The use of duplicate accounts and any other cheating behaviors are strictly prohibited. Any cheating behavior will result in disqualification for receiving rewards.
(6) Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
(7) Gate.io reserves all rights to the final explanation.
(8) This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the [User Agreement](https://www.gate.io/user-agreement "User Agreement") for further details on Restricted Locations.

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Gate.io Team
December 4th, 2024

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Introducing Nektar Network(NEKTAR) on Startup Mining: Stake to Earn Mining Rewards!

Introducing Nektar Network(NEKTAR) on Startup Mining: Stake to Earn Mining Rewards!

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