BitBall(BALL): Gate Launchpool Initial Offering, Stake to Earn Rewards Hourly!

BitBall(BALL) is now live on Gate Launchpool! Stake supported assets to earn BALL token rewards every hour!

1.Introduction to BitBall(BALL)
BitBall is a leading sports metaverse platform blending GameFi and SocialFi, designed to connect sports with Web3. It offers a digital space where sports stars, clubs, institutions, and fans can engage, create, socialize, and share in the ecosystem’s benefits through games, sports, and entertainment experiences.

2.BitBall(BALL) Mining Rules:
(1) Staking period: 9:00 AM on December 13th, 2024 - 9:00 AM on January 17th, 2025 (UTC)
(2) Trading starts time: 9:00 AM December 18th, 2024(UTC)
(3) Launchpool allocation: 137,142,857 BALL

|Staking Period |Staking Token|Total Staking Rewards|Prize Pool Per Hour | Hourly Reward Cap Per User|Minimum Staking Amount
| ------------ | ------------ | ------------ | ------------ | ------------ |
|Phase 1| ETH|10,000,000 BALL |83,333.33 BALL |5,833.33 BALL |0.00003 ETH
|9:00 AM on December 13th - 9:00 AM December 18th, 2024(UTC) | GT | 20,000,000 BALL |166,666.66 BALL | 5,000 BALL |0.01 GT
| Phase 2 |BALL |60,000,000 BALL | 83,333.33 BALL |5,833.33 BALL |100 BALL
| 9:00 AM December 18th, 2024 - 9:00 AM on January 17th, 2025 (UTC)| ETH |47,142,857 BALL | 65,476.19 BALL | 4,583.33 BALL |0.00003 ETH

(4) Unlocking Rule: 100% Unlock

3.Reward Calculation and Distribution
(1)The system will take multiple snapshots of personal staking amounts hourly, and take the average staking amount as the valid staking amount. Hourly staking reward = (Individual latest 1-hour valid staking amount / Total pool staking amount) × Hourly reward pool
(2)Token rewards will be distributed into the spot accounts of eligible users hourly.
(3)Users can join ETH/BALL/GT Staking Pool at the same time to earn rewards from ETH/BALL/GT separately.

4.Token Information:
(The information below is provided by the BitBall(BALL) team. Please follow the website for more information）
(1) Token name: BitBall
(2) Token symbol: BALL
(3) Max Supply: 32,000,000,000
(4) Token type: BASE
(5) Token Contract: https://basescan.org/token/0x8b15cbb7ecd9b8fff38da8ead55a20490b99ad11
(6) Token Distribution and Unlocked Rules:
-Team: 15% (locked for 12 months, 36-month linear vesting)
-Marketing: 10% (unlocked linearly over 24 months)
-Community Incentives: 30% (allocated for rewards, staking, and airdrops)
-Ecosystem Development: 25% (locked for 6 months, used for partnerships and ecosystem growth)
-Public Sale: 10% (fully unlocked at TGE)
-Liquidity: 10% (reserved for exchange listings and liquidity pools)

(7) Website: https://home.bitball.io
(8) Whitepaper: https://bitball.gitbook.io/bitball

5.Gate Labs Investment Participating Disclosure
Gate Labs did not participate in the BitBall(BALL) investment.

6.Notice
(1) Gate Launchpool is a staking product in the platform’s Startup series, where users can stake designated tokens to receive rewards from the token pools. Before participating in Launchpool, please ensure that you fully understand the participation rules. <a href="https://www.gate.com/zh/help/guide/faq/37021/startup-mining-faq "Click here"" target="_blank">Click here to learn more details.
(2) Please complete <a href="https://www.gate.com/zh/myaccount/kyc_home "identity verification"" target="_blank">identity verification before participating in Launchpool to enhance the security of your account and assets.
(3) After the staking ends, the staked assets will be automatically redeemed. Users can increase or redeem the staked assets at any time during the staking period. After the user redeems in advance or the staking is completed, the staked assets will be transferred to Simple Earn by default. If this option is unchecked, the staked assets will be redeemed into spot assets. If the amount of redeemed assets is too small and does not meet the minimum subscription amount of Simple Earn, the assets will be automatically transferred to spot assets. Additionally, if Simple Earn does not support the subscription of the redeemed token, the assets will also be automatically transferred to spot assets.
(4) The use of duplicate accounts and any other cheating behaviors are strictly prohibited. Any cheating behavior will result in disqualification for receiving rewards.
(5) Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
(6) Gate reserves all rights to the final explanation.
(7) This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the <a href="https://www.gate.com/zh/user-agreement "User Agreement"" target="_blank">User Agreement for further details on Restricted Locations.

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Gate Team
December 13th, 2024