Announcements Gate.io "Startup Mining" Initial Offering: PiggyPiggy(PGC) and Announcement of Distribution Rules

Gate.io "Startup Mining" Initial Offering: PiggyPiggy(PGC) and Announcement of Distribution Rules

2024-11-06 08:28:05 UTC 27807 Read

PGC/USDT -8.31%

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About Gate.io Startup Mining Program
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 PiggyPiggy(PGC) 
PiggyPiggy is the first workplace simulation and social game launched on Telegram and TON, built around the native token $PGC, which will be 100% unlocked at TGE. Players can purchase various magic cards to experience diverse interactive gameplay, such as challenging other players or obtaining additional rewards.

2.PiggyPiggy(PGC) Startup Mining Rules:
(1) Staking period: 12:00 PM on November 6th - 12:00 PM on November 22nd (UTC), 2024
(2) Trading starts time: 12:00 PM on November 12th, 2024 (UTC)
(3) Initial circulation: 1,200,000,000 PGC
(4) Startup Mining allocation: 40,000,000 PGC
(5) Mining Phase 1
Staking Period: 12:00 PM on Nov. 6th-  12:00 PM on Nov. 12th (UTC)
Staking Pool: USDT
Staking Rewards: 18,000,000 PGC
Hourly Rewards: 125,000 PGC 
Hourly Reward Cap Per User: 1,250 PGC
Minimum Staking Amount: 0.1 USDT
GT Pool ("Single-Coin Multi-Mining")
Staking Rewards: 17,000,000 PGC
Hourly Rewards: 118,055.55 PGC  
Hourly Reward Cap Per User: 1,180.55 PGC
Minimum Staking Amount: 0.01 GT
<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup-mining/72?gt_disable_intercept_jump=1&needNavBar=0" target="_blank" style="text-decoration: none;display: inline-block;"><div style="text-align:center;background: #2354E6; padding: 16px; border-radius: 8px; width: 200px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">Join Now</span></strong></div></a></div>
(6) Mining Phase 2
Staking Period: 12:00 PM on Nov. 12th-  12:00 PM on Nov. 22nd (UTC)
Staking Pool: PGC
Staking Rewards: 4,000,000 PGC
Hourly Rewards: 16,666.66 PGC  
Hourly Reward Cap Per User: 166.66 PGC
Minimum Staking Amount: 5 PGC
GT Pool ("Single-Coin Multi-Mining")
Staking Rewards: 1,000,000 PGC
Hourly Rewards: 4,166.66 PGC  
Hourly Reward Cap Per User: 41.66 PGC
Minimum Staking Amount: 0.01 GT

(7) Unlocking Rule: 100% Unlock
(8) Reward Calculation and Distribution
-USDT & PGC 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, PGC Staking Pool or "Single-Coin Multi-Mining" GT Pool at the same time to earn rewards from USDT, PGC pool and GT pool separately.

3.Token Information:
(The information below is provided by the PiggyPiggy(PGC) team. Please follow the website for more information）
(1) Token name: PiggyPiggy Coin
(2) Token symbol: PGC
(3) Max Supply: 1,333,333,333
(4) Token type:  Ton
(5) Token Contract: https://tonscan.org/jetton/EQBxH3N3nBx_-HEvQ2bs2vrC-M6-WxgIJKl1NqaEVH1sE-CT#transactions

(6) Token Distribution and Unlocked Rules:
Community Airdrop: 65.00%, 100% unlock at TGE 
Ton Ecosystem Airdrop: 10.00%, 100% unlock at TGE 
Game Development: 10.00%, no unlock at TGE 
Launchpool: 10.00%, 100% unlock at TGE 
Liquidity: 5.00%, 100% unlock at TGE

(7) Website: https://t.me/PiggyPiggyofficialbot 
(8) Whitepaper: N/A
(9) Token information: https://tonscan.org/jetton/EQBxH3N3nBx_-HEvQ2bs2vrC-M6-WxgIJKl1NqaEVH1sE-CT#transactions

4.Gate.io Labs Investment Participating Disclosure
Gate.io Labs did not participate in the PiggyPiggy(PGC) 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/user-agreement "User Agreement") for further details on Restricted Locations.

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Gate.io Team
Nov 6th, 2024

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Gate.io "Startup Mining" Initial Offering: PiggyPiggy(PGC) and Announcement of Distribution Rules

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