Quai Network (QUAI) will be launched on Gate Launchpool! Stake QUAI and ETH to earn QUAI token rewards every hour!
1.Quai Network (QUAI) Mining Rules
(1) Staking Period: 14:00 on February 22nd - 14:00 on March 2nd, 2025(UTC)
(2) Total Staking Rewards: 500,000 QUAI
(3) Unlocking Rule: 100% Unlock
2.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 = (Latest 1-hour valid staking amount of individual / Total staking amount in the pool) × Hourly reward pool.
(2) Token rewards will be distributed into the spot accounts of eligible users hourly.
(3) Users can participate in QUAI and ETH Staking Pool at the same time to earn rewards from QUAI pool and ETH pool separately.
3.Introduction to Quai Network (QUAI)
Quai Network is a next-generation proof-of-work Layer 1 for a new decentralized global monetary system. By merging currency with energy, Quai delivers the world’s first decentralized energy dollar—stable, scalable, and built for real-world commerce. Harness unstoppable performance to scale global transactions and power next-level DeFi solutions. Quai paves the way for a new monetary era by bringing money, DeFi, and sustainability on a single platform.
Website: https://qu.ai
4.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 Startup Mining 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
February 22, 2025
