Gate.io HODL & Earn Launches Vechain (VET) PoS & Earn #5, Annualized Yield 8%

Announcements Gate.io HODL & Earn Launches Vechain (VET) PoS & Earn #5, Annualized Yield 8%

2020-10-10 10:19:09 UTC 37814 Read

Gate.io’s ‘HODL & Earn’ belongs to a series of crypto-asset management tools that guarantee a stable profit with less risk. With Gate.io’s ‘HODL & Earn,’ users can earn interest with temporary or fixed deposits. We will also launch asset management tools with major cryptocurrencies such as BTC and USDT, providing more ways for users to gain interest.

The Vechain PoS Mining & Earn #5 has been launched on Gate.io HODL & Earn. The annual interest rate is 8%, which will be adjusted based on the amount of token mined. Web Users can use the link to purchase - https://gate.io/hodl/189, while app users can tap " HODL & Earn" icon on the Market screen.

The participation rules are stated below.

1) To take part in PoS & Earn, users need to register themselves. However, token lock-up is not required
2) There is no handling fee being charged by Gate.io
3) The annual interest rate is 10%, which will be adjusted based on the number of tokens mined
4) The interest will be calculated based on the average amount of tokens in held over a 14-day period, excluding the borrowed tokens
5) The interest will be distributed every 14 days
6) To continue to participate in the program, users need to operate manually

Introduction to Vechain

The VeChain project started in June 2015, focusing on building a trust-free and distributed business eco to enable transparent information flow, efficient collaboration and high-speed value transfer. Specializing in blockchain and IoT technologies, VeChain has become one of the few blockchain platforms with real world business applications adopted by reputable enterprises across multiple sectors worldwide. By providing robust and secure blockchain infrastructure, enterprise solutions, turnkey packages and development tools in both software and hardware, VeChain aims to enable its business partners and developers to adopt blockchain solutions for business and create a powerful and sustainable eco.

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Gate.io Team
October 10th, 2020

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