In order to support the Kusama Parachain Slot Auction, Gate.io has launched a special HODL & Earn project. The seventh parachain auction launched on September 8th at 12:00 UTC. Users can lock up KSM to support projects which take part in the auction, and simultaneously earn on-chain rewards! New users sign up at Gate.io to participate.
KSM slot auction had launched the following projects today:
KSM Slot: Lock-up KSM ＆ Earn TEER: https://www.gate.io/hodl/759
KSM Slot: Lock-up KSM ＆ Earn KINT: https://www.gate.io/hodl/760
Other Projects:
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 10th, 2021
