Avalon (AVL) will be launched on Gate Launchpool! Stake AVL and BTC to earn AVL token rewards every hour!
1.Avalon (AVL) Mining Rules
(1) Staking Period: 10:00 on February 22nd - 10:00 on February 27th, 2025(UTC)
(2) Total Staking Rewards: 175,000 AVL
(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 AVL and BTC Staking Pool at the same time to earn rewards from AVL pool and BTC pool separately.
3.Introduction to Avalon (AVL)
Avalon Labs is building a premier on-chain financial center for Bitcoin, providing a seamless ecosystem that includes Bitcoin-backed lending, Bitcoin-backed stablecoins, income-generating accounts, and credit cards. We are committed to creating a scalable, transparent, and accessible financial network that transforms Bitcoin into an active economic asset in the global market.
Website: https://www.avalonfinance.xyz
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.
**Gateway to Crypto**
Trade over 3,700 cryptocurrencies safely, quickly, and easily on Gate
• Visit our Official Website
• Download Gate App / Web now
• Follow us on Gate X (Twitter) to get more bonuses
• Join our Telegram to discuss hot topics
• Join our Global Community to get more updates
• We provide 100% proof of reserves
• Sign up to enjoy max. $10,000 in rewards exclusively for new users
• Get 40% commission from referrals
Gate Team
February 21, 2025
