Announcements Gate.io “Startup Mining” Initial Offering: AlienXChain (AIX) and Announcement of Distribution Rules

Gate.io “Startup Mining” Initial Offering: AlienXChain (AIX) and Announcement of Distribution Rules

2024-10-14 06:11:33 UTC 18413 Read

AIX/USDT -4.31%

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**About Gate.io Startup Mining**
Gate.io Startup Mining is a staking product in the platform’s Startup series, where users can stake designated tokens to receive rewards from the token pools.
[Visit Startup Mining and learn more](https://www.gate.io/startup-mining?gt_disable_intercept_jump=1&needNavBar=0 "Visit Startup Mining and learn more")

1.Introduction to “Startup Mining” Project AlienXChain (AIX)
AlienX is a variant of Arbitrum Nitro technology that lowers costs by accepting a mild trust assumption.AlienX, a variation of Arbitrum Nitro technology, reduces costs by relying on a slight trust assumption. Unlike the Arbitrum protocol, where all nodes, including validators, need access to L2 transaction data, AlienX employs an external Data Availability Committee ("the Committee") to store and provide data upon request. The Committee consists of N members, with AlienX assuming the honesty of at least two. This ensures that even if N-1 Committee members pledge to provide access to certain data, at least one honest member will fulfill the promise. Thus, the chain can operate effectively with the assurance that necessary data will be available when required.

2.AlienXChain (AIX) Startup Mining Rules:
(1) Staking period: 05:00 AM on October 16th, 2024 - 05:00 AM on October 23rd, 2024 (UTC)
(2) Trading starts time: 09:00 AM on October 23rd, 2024 (UTC)
(3) Initial circulation: 125,000,000 AIX(12.5%)
(4) Startup Mining allocation: 2,500,000 AIX
(6) "Single-Coin Multi-Mining" GT Pool
-Startup Mining allocation: 1,250,000.0 AIX
-Hourly Rewards：7,440.47 AIX
-Hourly Reward Cap Per User: 744.04 AIX
-Minimum Staking Amount: 0.01 GT
-Unlocking Rule: 100% Unlock
(7) Staking Pool: USDT
-Startup Mining allocation：1,250,000.0 AIX
-Hourly Rewards：7,440.47 AIX
-Hourly Reward Cap Per User: 744.04 AIX
-Minimum Staking Amount: 0.1 USDT
-Unlocking Rule: 100% Unlock

(8) Reward Calculation and Distribution
-USDT Staking Pool: 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
-"Single-Coin Multi-Mining" GT Pool: The system will take multiple snapshots of the participants' GT holdings every hour, calculate the average to determine the effective holding amount, and distribute rewards based on that effective holding amount. Hourly Reward = (User GT Holding Amount / Total User GT Holdings in the Pool) x Hourly Reward for the Pool.
-Token rewards will be distributed into the spot accounts of eligible users hourly.
-Users can join USDT Staking Pool or "Single-Coin Multi-Mining" GT Pool at the same time to earn rewards from USDT pool and GT pool separately.

3.Token Information:
(1) Token name: AlienXChain
(2) Token symbol: AIX
(3) Max Supply: 1,000,000,000
(4) Token type: Mainnet
(5) Token Contract: https://explorer.alienxchain.io/token/0x75Dd0E55937947005b91e6c047FdD29d98A5e096 
(6) Token Distribution and Unlocked Rules::
*A Round: 10%
3 Months cliff, linear vesting over 36 Months

*Strategy Round: 2.5%
3 Months cliff, linear vesting over 36 Months

*Community Round: 0.5%
TGE: 15%, 3 Months cliff, linear vesting over 36 Months

*AI-Nodes: 40%
TGE:12.5%, linear vesting over 36 Months

*Ecosystem Incentives: 25%
TGE: 21.68%, linear vesting over 36 Months

*Pre-season Staking: 2%
TGE: 100%

*Core Team: 20%
3 Months cliff, linear vesting over 36 Months

(7) Website: https://alienxchain.io/
(8) Whitepaper: https://docs.alienxchain.io/
(9) Token information: https://explorer.alienxchain.io/token/0x75Dd0E55937947005b91e6c047FdD29d98A5e096

4.Gate.io Labs Investment Participating Disclosure
Gate.io Labs did not participate in the AlienXChain (AIX) investment.

**5.Notice**
(1) After the staking ends, the staked assets will be automatically redeemed. Participants of "Single-Coin Multi-Mining" do not need to manually redeem their GT token.
(2) Users can increase or redeem the staked assets at any time during the staking period. 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.
(3) Please update your Gate.io App to the latest version (6.33.0) or higher, or visit Gate.io’s official website to join "[Single-Coin Multi-Mining](https://www.gate.io/announcements/article/39718 "Single-Coin Multi-Mining")" GT Pool. 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.
(4) The use of duplicate accounts and any other cheating behaviors are strictly prohibited. Any cheating behavior will result in disqualification for receiving rewards.
(5) Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
(6) Gate.io reserves all rights to the final explanation.
(7) 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/zh/user-agreement " User Agreement") for further details on Restricted Locations.

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Gate.io Team
October 14th, 2024

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Gate.io “Startup Mining” Initial Offering: AlienXChain (AIX) and Announcement of Distribution Rules

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