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Gate.io Join the KSM Slot Auction with One-Click on Gate.io(Genshiro Takes the Lead)

2021-09-15 10:01:44Read:11449

The 7th round of the Kusama (KSM) Slot Auction started on September 15, 2021. According to data provided by Polkadot, as of 8:00 UTC on September 15, 2021, Genshiro ranks at the top with 13,684.3362 KSM pledged. The Gate.io GENS lock-up finance has locked in 48.525839 KSM and the remaining position amounts to 37451.474160 KSM.

All users are welcome to lock up KSM to help support projects and earn on-chain prize pools for bidding projects! New users sign up at Gate.io to participate.
KSM Slot: Lock-up KSM & Earn SKU: https://www.gate.io/hodl/730
KSM Slot: Lock-up KSM & Earn SGB: https://www.gate.io/hodl/729
KSM Slot: Lock-up KSM & Earn XRT: https://www.gate.io/hodl/727
KSM Slot: Lock-up KSM & Earn PICA: https://www.gate.io/hodl/725
KSM Slot: Lock-up KSM & Earn GENS: https://www.gate.io/hodl/724
KSM Slot: Lock-up KSM & Earn PKS: https://www.gate.io/hodl/607
KSM Slot: Lock-up KSM & Earn KAZE: https://www.gate.io/hodl/608
KSM Slot: Lock-up KSM & Earn CRU and CSM: https://www.gate.io/hodl/609
KSM Slot: Lock-up KSM & Earn KSX: https://www.gate.io/hodl/599
KSM Slot: Lock-up KSM & Earn CRING: https://www.gate.io/hodl/600
KSM Slot: Lock-up KSM & Earn KILT: https://www.gate.io/hodl/726(removed)
KSM Slot: Lock-up KSM & Earn KPN: https://www.gate.io/hodl/606(removed)
KSM Slot: Lock-up KSM & Earn KMA: https://www.gate.io/hodl/728(removed)

*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. KSM Lockup & Earn Participation: Users can deposit or buy KSM to join and support different projects in the Auction. Project details:

2. KSM 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 KSM 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 KSM on-chain are unlocked in advance, we will also release the KSM to users right away.


Rules
1. Lockup token: KSM
2. Interest token: KPN(removed), PKS, KAZE, CRU and CSM, KSX, CRING, SKU, SGB, KMA(removed), XRT, KILT(removed), PICA, GENS
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 KSM on-chain are unlocked in advance, we will also release the KSM to users right away.
7. If the project you support fails in the auction, the funds of KSM 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.



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Gate.io Team

September 15th, 2021


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