Announcements Lumoz(MOZ): Gate.io Startup Mining Initial Offering

Lumoz(MOZ): Gate.io Startup Mining Initial Offering

2024-12-08 02:31:47 UTC 24699 Read

MOZ/USDT + 16.05%

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Lumoz(MOZ) is now live on Gate.io Startup Mining! Stake supported assets to earn MOZ token rewards every hour and be among the first to claim rewards!

**1.Introduction to Lumoz(MOZ)**
Lumoz is the leading Modular Compute Layer & RaaS. Lumoz protocol can provide computing power and verification services for ZK and AI applications on chains with different architectures.

**2.Lumoz(MOZ) Mining Rules:**
(1) Mining Period: 10:00 AM on December 11th - 10:00 AM on December 23rd(UTC), 2024
(2) Startup Mining allocation: 5,000,000.0 MOZ
**(3) Staking Pool: MOZ**
   -Total Staking Rewards: 3,000,000.0 MOZ
   -Prize Pool Per Hour: 10,416.66 MOZ
   -Hourly Reward Cap Per User: 208.33 MOZ
   -Minimum Staking Amount: 3.0 MOZ
   -Unlocking Rule: 100% Unlock
**(4) "Single-Coin Multi-Mining" GT Pool**
   -Total Staking Rewards: 2,000,000.0 MOZ
   -Prize Pool Per Hour: 6,944.44 MOZ
   -Hourly Reward Cap Per User: 138.89 MOZ
   -Minimum Staking Amount: 0.01 GT
   -Unlocking Rule: 100% Unlock

**3.Reward Calculation and Distribution**
(1) MOZ 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
(2) "Single-Coin Multi-Mining" GT Pool: The system will take multiple snapshots of users' GT and GT2 holdings every hour and take the average as the effective holding amount. Hourly rewards for users = (User's GT holdings + User's GT2 holdings) / (Total GT holdings of all participants + Total GT2 holdings of all participants) x hourly reward pool.
(3) Token rewards will be distributed into the spot accounts of eligible users hourly.
(4) Users can join MOZ Staking Pool or "Single-Coin Multi-Mining" GT Pool at the same time to earn rewards from MOZ pool and GT pool separately.

**4.Token Information:**
(The information below is provided by the Lumoz(MOZ) team. Please follow the website for more information）
(1) Token name: Lumoz
(2) Token symbol: MOZ
(3) Max Supply: 10,000,000,000 MOZ
(4) Token type: Arbitrum
(5) Token Contract: https://arbiscan.io/token/0xE16e2548A576ad448FB014bBE85284D7f3542dF5
(6) Token Distribution and Unlocked Rules:
Investor Round 1: 10.00%
Investor Round 2: 8.00%
Contributors: 16.00%
Community: 6.00%
Ecosystem: 10.00%
zkVerifier Node: 25.00%
zkProver network: 25.00%
(7) Website: https://lumoz.org/ 
(8) Whitepaper: https://docs.lumoz.org/
(9) Token information: https://arbiscan.io/token/0xE16e2548A576ad448FB014bBE85284D7f3542dF5

**5.Gate.io Labs Investment Participating Disclosure**
Gate.io Labs did not participate in the Lumoz(MOZ) investment.

**6.Notice**
(1) 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. 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.
(2) Please complete [identity verification](https://www.gate.io/myaccount/kyc_home "identity verification") before participating in Startup Mining to enhance the security of your account and assets.
(3) After the staking ends, the staked assets will be automatically redeemed. 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.
(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
December 8th, 2024

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Lumoz(MOZ): Gate.io Startup Mining Initial Offering

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