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WING Mining Reward Distribution Method &Trading Risk Warning

2020-09-16 15:52:44Read:22523 Tags:

Gate.io has launched its "Lock ONT to Earn WING Reward" product and started releasing reward on a daily basis. However, as a large amount of WING is going into circulation quickly at its early liquidity mining stage, the circulating supply is quickly inflated. WING price has fellen by 50% after its listing (at other exchanges) and the market pressure is still great as more coins come into circulating. We are issuing a high- risk warning in regards to the trading and discourage any Gate.io user from buying WING at its early stage ( the first 15 days in particular when the liquidity increases most quickly). we discourage any gate.io user from participating in any form of buying and holding at any place as we regard the risk to be extremely high.


As WING price decreases quickly, WING as reward will loss its value over time for users. Therefore, we will change the ONT reward to USDT and release on a daily basis. You may view your reward at My Billing Details.


Lock ONT and earn WING at https://www.gate.io/hodl/135
or tap HODL&Earn icon on the Markets screen on APP..


Rules:
1. Lockup currency: ONT
2.Interest currency: USDT
3.Floating interest rate, subject to change
4.Lockup ONT to participate in DeFi liquidity mining
5. DeFi as a whole has been hyped. The annualized return rate of liquidity mining is quite high at the moment as a result of high token market value, which is likely to decrease as the market changes to a more rational market. Please note, we will distribute the mining reward based on the actual reward received. The reward is subject to change.

DeFi liquidity mining has been gaining attention recently and the annualized return is quite high. But for the average user, the threshold of participating remains high, which does not only demand professional skills in wallet and private key safekeeping, but also demands a distinct sense of judgment to identify questionable projects. Risks of team exit, vulnerabilities in smart contracts, and more may cause a loss of assets.

For safety consideration, Gate.io only lists assets of broadly certified and audited DeFi mining projects. The earning currencies, such as CRV, YAM, SUSHI,and FARM, will be distributed to GT holders who lockup GT at Gate.io to further incentivize the Gate/GateChain DeFi eco. Gate.io will distribute the entire earnings to our users and charge no extra fee.

More investment products with stable earnings are coming soon. Please follow us and stay tuned.

Visit more at :https://www.gate.io/hodl

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Gate.io Team
September 16, 2020
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