Gate.io 'HODL & Earn' Launches "QTUM Lock-up & Earn," Annual Interest Rate of 10%

Ankündigungen Gate.io 'HODL & Earn' Launches "QTUM Lock-up & Earn," Annual Interest Rate of 10%

2020-08-26 07:23:30 UTC 73811 Lesen

The "QTUM Lock-up & Earn (30 Days)" will be launched on Gate.io 'HODL & Earn' at 4:00 AM GMT August 27th, 2020. The total amount of QTUM to be locked is 705,840 QTUM. Web users can purchase via (App users can use 'HODL & Earn') https://www.gate.io/hodl/108

Gate.io 'HODL & Earn'

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 short or long term deposits. We will also launch more asset management tools for major cryptocurrencies and a wider selection of PoS & Earn products.

"QTUM Lock-up & Earn (30 Days)" Purchase Rules

The purchase rules are as follows:

1) The token to be locked is QTUM, users will also receive interests in QTUM. The annual interest rate is 10%. The total amount of QTUM to be locked is 705,840 QTUM.

2) The purchase starts at 4:00 AM GMT August 27th, 2020. Users purchase at a first-come-first-serve basis.

3) During the first 10 minutes of the purchase, users need to be VIP 3 and above to participate. The purchase limit will be calculated based on users' GT holdings.

Below is the requirements for GT holdings:

4) After the first 10 minutes of the purchase, there are no VIP or GT holding requirements for participants. However, the product might be sold out within the first 10 minutes.

5) The interests will be distributed to users when the lock-up period ends.

Introdcution to QTUM

Qtum is the first“UTXO-based smart contract with a proof-of-stake (PoS) consensus model, compatible with Bitcoin UTXO model and Ethereum virtual machine (EVM). The "mobile-oriented" strategy of Qtum chain aims to promote the productization of blockchain technology and improve the ease of use of the blockchain industry, building a bridge between the blockchain and the real business community.

Attention: Once purchased, the principle will be locked immediately and will only be returned with the interest when the lock-up period finishes. The funds are not able to be withdrawn during the lock-up period. Losses incurred due to market volatility shall be borne by users. Please be aware of the market risks and use this feature with caution.

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Aug 26, 2020

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