Network3 (N3) is now live on Gate Launchpool! Stake supported assets to earn N3 token rewards every hour!
1.Introduction to Network3 (N3)
Network3 is a revolutionary technology dedicated to building a decentralized edge AI infrastructure. It leverages advanced technologies such as AI model optimization and compression, federated learning, edge computing, and confidential computing to assist global AI developers in performing model inference, training, and validation in a faster, more convenient, and more efficient manner. By breaking through the limitations of traditional centralized AI, Network3 has created a fairer, more efficient, and democratic AI ecosystem. On DePIN Scan, Network3 ranks fourth, with over 600,000 active nodes covering more than 188 countries. Its download volume has surpassed 50 million times, and the conversion rate is expected to increase from 15% to over 20% within the next 3 months.
2.Network3 (N3) Mining Rules:
(1) Staking Period:
Phase 1: 08:00 AM on January 18th, 2025 - 08:00 AM on January 22nd, 2025(UTC)
Phase 2: 08:00 AM on January 22nd, 2025 - 08:00 AM on February 1st, 2025(UTC)
(2) Trading starts time: 08:00 AM on January 22nd, 2025 (UTC)
(3) Launchpool allocation: 2,000,000 N3
(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 USDT/N3/GT Staking Pool at the same time to earn rewards from USDT/N3/GT separately.
(4)New Comers Exclusive Staking Pool: Only new users of Gate who sign up after 16:00 PM on January 15th, 2025 (UTC) are eligible.
4.Token Information:
(The information below is provided by the Network3(N3) team. Please follow the website for more information）
(1) Token name: Network3
(2) Token symbol: N3
(3) Max Supply: 1,000,000,000
(4) Token type: ERC20/SPL20/XRC20
(5) Token Contract: https://etherscan.io/address/0x9b79ea20a8258649401f8c58973281081d905b9f
https://solscan.io/token/C7DpniLsJBFEZvt6SnS5Ac8tdwuxCW4T3mS1JrfntDdX
https://iotexscan.io/address/0x7f6f149fec648abf4ee8c559eb24d8010ab1025e
(6) Token Distribution and Unlocked Rules:
Pre Seed Round: 4%, cliff 6 months, monthly vesting over 36 months;
Seed Round: 10%, cliff 6 months, monthly vesting over 36 months;
Private Round: 5%, cliff 6 months, monthly vesting over 36 months;
KOL Round: 1%, TGE unlock 50%, cliff 6 months, then vesting 50%;
Public Sale: 0.5%, TGE unlock 50%, monthly vesting over 3 months;
Liquidity: 3%, TGE unlock 100%;
Advisors: 1.5%, cliff 6 months, monthly vesting over 36 months;
Team: 10%, cliff 12 months, monthly vesting over 36 months;
Airdrop: 5%, TGE unlock 50%, cliff 3 months, monthly vesting over 3 months;
Ecosystem: 10%, cliff 6 months, monthly vesting over 48 months;
Community Rewards(Mining): 50%, Monthly vesting over 4 years with annual release percentages of 35%, 30%, 20%, and 15% respectively for mining. The initial token for mining is veN3. Users can choose to convert veN3 to N3 after 30 days, 60 days, or 120 days, with the corresponding conversion rates being 20%, 40%, and 100%, respectively
(7) Website: https://network3.ai/
(8) Whitepaper: https://network3.io/Network3\_Whitepaper\_V1.0.pdf
5.Gate Labs Investment Participating Disclosure
Gate Labs did not participate in the Network3 (N3) 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. Click here to learn more details.
(2) Please complete 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 User Agreement for further details on Restricted Locations.
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Gate Team
January 17th, 2025
