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Statement on KIMCHI and SUSHI Liquidity Mining
Statement on KIMCHI and SUSHI Liquidity Mining
2020-09-04 23:09:39 UTC
92675 Read
Gate.io's 'HOLD & Earn' will launch KIMCHI and SUSHI DeFi liquidity mining soon. Users can participate in the campaign in the following ways:
Web Users: https://www.gate.io/hodl
Mobile Users: Markets>>HODL & Earn
Trading rules are as follows:
1) The 'HOLD & Earn' for KIMCHI and SUSHI will be available on Gate.io at the same time. Users can participate in them separately or in both.
2) KIMCHI and SUSHI liquidity mining involves an "impermanent loss." The interest will be distributed with the "impermanent loss" deducted.
3) To reduce the impact on the platform, the interest will be swapped for USDT in a decentralized platform before being distributed to users. A bigger portion of interest will be allocated to KIMCHI based on market situations.
4) As KIMCHI is seeing inflation at a faster speed, to avoid impact on the platform, we will close KIMCHI deposits. The current amount of KIMCHI deposits in Gate.io is 8,690,000.
5) Since the current DeFi market is changing rapidly, we will adopt 'PoS & Earn' for KIMCHI and SUSHI.
6) Unlike general blockchain mining, liquidity mining is seeing significant changes in daily mining earnings. Users should do their own research before making investments.
Attention: Please note that due to the intrinsic liquidity mining mechanism, the current token supplies of the two projects are quite large, subject to huge inflations. The prices of the tokens have been jumping a lot recently. Moreover, given decentralized projects might suffer from unexpected situations (i.e. project team runaway or assets being attacked), we do not recommend trading of the two tokens for non-professional investors. Please be cautious when making investment decisions. Gate.io is not liable for any financial loss incurred by investors.
Gate.io is a trading platform that does not charge listing fees, only launches quality projects, and provides users with 100% guaranteed and instant deposit-withdrawal services.
Get 30% of all referees' trading fees in the affiliate program at https://www.gate.io/myaccount/myreferrals
Click to Sign up ：https://www.gate.io/m#/register
Download it now at: https://www.gate.io/mobileapp
Scan and download at:
Gate.io New Features:
Spot Trading on Gate.io (200+ tokens):https://www.gate.io/trade/BTC_USDT
Margin Trading on Gate.io (Long or Short):https://www.gate.io/margin_trade/BTC_USDT
Perpetual Contract Trading:https://www.gate.io/futures_trade/BTC_USD
Lending on Gate.io (secure and stable, high annual return):https://www.gate.io/margin/lend/USDT
C2C Trading on Gate.io:https://www.gate.io/c2c/usdt_cny
Download Gate.io APP:https://www.gate.io/mobileapp
Download Wallet.io (ALL in ONE):https://www.wallet.io/
Follow us and get updated at (Follow as to win bonus)
Facebook: https://facebook.com/gateioglobal
Twitter: https://twitter.com/gate_io
Telegram：https://t.me/gate_zh
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Sep 5, 2020
Web Users: https://www.gate.io/hodl
Mobile Users: Markets>>HODL & Earn
Trading rules are as follows:
1) The 'HOLD & Earn' for KIMCHI and SUSHI will be available on Gate.io at the same time. Users can participate in them separately or in both.
2) KIMCHI and SUSHI liquidity mining involves an "impermanent loss." The interest will be distributed with the "impermanent loss" deducted.
3) To reduce the impact on the platform, the interest will be swapped for USDT in a decentralized platform before being distributed to users. A bigger portion of interest will be allocated to KIMCHI based on market situations.
4) As KIMCHI is seeing inflation at a faster speed, to avoid impact on the platform, we will close KIMCHI deposits. The current amount of KIMCHI deposits in Gate.io is 8,690,000.
5) Since the current DeFi market is changing rapidly, we will adopt 'PoS & Earn' for KIMCHI and SUSHI.
6) Unlike general blockchain mining, liquidity mining is seeing significant changes in daily mining earnings. Users should do their own research before making investments.
Attention: Please note that due to the intrinsic liquidity mining mechanism, the current token supplies of the two projects are quite large, subject to huge inflations. The prices of the tokens have been jumping a lot recently. Moreover, given decentralized projects might suffer from unexpected situations (i.e. project team runaway or assets being attacked), we do not recommend trading of the two tokens for non-professional investors. Please be cautious when making investment decisions. Gate.io is not liable for any financial loss incurred by investors.
Gate.io is a trading platform that does not charge listing fees, only launches quality projects, and provides users with 100% guaranteed and instant deposit-withdrawal services.
Get 30% of all referees' trading fees in the affiliate program at https://www.gate.io/myaccount/myreferrals
Click to Sign up ：https://www.gate.io/m#/register
Download it now at: https://www.gate.io/mobileapp
Scan and download at:
Gate.io New Features:
Spot Trading on Gate.io (200+ tokens):https://www.gate.io/trade/BTC_USDT
Margin Trading on Gate.io (Long or Short):https://www.gate.io/margin_trade/BTC_USDT
Perpetual Contract Trading:https://www.gate.io/futures_trade/BTC_USD
Lending on Gate.io (secure and stable, high annual return):https://www.gate.io/margin/lend/USDT
C2C Trading on Gate.io:https://www.gate.io/c2c/usdt_cny
Download Gate.io APP:https://www.gate.io/mobileapp
Download Wallet.io (ALL in ONE):https://www.wallet.io/
Follow us and get updated at (Follow as to win bonus)
Facebook: https://facebook.com/gateioglobal
Twitter: https://twitter.com/gate_io
Telegram：https://t.me/gate_zh
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Sep 5, 2020
