In order to support the Polkadot Parachain Slot Auction, we launched a special HODL & Earn project and the first parachain auction will be launched on November 11. Users can simply lock up DOT to support projects which take part in the auction, and earn on-chain rewards! New users sign up at Gate.io to participate.
Gate.io HODL & Earn has launched GOV/ACA/ASTR/EQ/PHA/CFG Polkadot Parachain Slot Auction Projects, and will Start at 04:00 UTC on November 11th.
DOT Slot Auction Projects:
DOT Slot: Lock-up DOT ＆ Earn GOV: https://www.gate.io/hodl/852
DOT Slot: Lock-up DOT ＆ Earn ACA: https://www.gate.io/hodl/853
DOT Slot: Lock-up DOT ＆ Earn ASTR: https://www.gate.io/hodl/854
DOT Slot: Lock-up DOT ＆ Earn EQ: https://www.gate.io/hodl/855
DOT Slot: Lock-up DOT ＆ Earn PHA: https://www.gate.io/hodl/856（removed）
DOT Slot: Lock-up DOT ＆ Earn CFG: https://www.gate.io/hodl/857
*Rate Subject to on-chain revenue
Methods:
App: Click“Gate.io Finance on the Markets page.
Web: Click“Finance”on the top of the homepage.
Procedure
1. DOT Lockup & Earn Participation: Users can deposit or buy DOT to
join and support different projects in the Auction. Project details:
2. DOT Slot Auction: Auction will be conducted on chain, please keep an
eye on the result. If the project you support fails in the auction, the
funds of DOT you locked will be returned without interest.
3.
Interest Distribution: When the project you support wins an auction, we
will distribute interest according to the annual interest rate on-chain.
Once the funds on DOT on-chain are unlocked in advance, we will also
release the DOT to users right away.
Rules
1. Lockup token: DOT
2. Interest token: GOV、ACA、ASTR、EQ、PHA（removed）、CFG
3. Fees: 0
4. Annual interest rate is subject to the rate on chain
5. When the project you support wins the auction, we will distribute interest according to the annual interest rate on-chain.
6. Once the funds on DOT on-chain are unlocked in advance, we will also release the DOT to users right away.
7. If the project you support fails in the auction, the funds of DOT you locked will be returned with no interest.
*
1. Other supported projects in the auction will be updated later on Gate.io Finance.
2. Gate.io only serves as the platform to provide users with services
for participating in the auction, and does not bear any financial losses
caused by the project’s team or the security of the chain.
Gate.io is a Cryptocurrency Trading Platform Since 2013
Top ranking, Trustworthy, Transparent
Sign up to enter the crypto gateway and get 40% commission from referrals
Download iOS/Android App right now.
Follow us on social media
Twitter: https://twitter.com/gate_io
Telegram：https://t.me/gateio
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Gate.io Team
November 5th, 2021
