Gate 'HODL & Earn' Launches "MTRG Lock-up & Earn," Annual Interest Rate of 30%

The "MTRG Lock-up & Earn (60 Days)" will be launched on Gate 'HODL & Earn' at 4:00 AM GMT August 30th, 2020. The total amount of MTRG to be locked is 300000 MTRG. The lock-up period is 60 days, with an annual interest rate of 30%. Web users can purchase via (App users can use 'HODL & Earn') https://www.gate.com/hodl/112





Gate 'HODL & Earn'



Gate’s ‘HODL & Earn’ belongs to a series of crypto-asset management tools that guarantee a stable profit with less risk. With Gate’s ‘HODL & Earn,’ users can earn interest with short or long term deposits. We will also launch more asset management tools for major cryptocurrencies and a wider selection of PoS & Earn products.





"MTRG Lock-up & Earn (60 Days)" Purchase Rules



The purchase rules are as follows:

1. The token to be locked is MTRG, users will also receive interests in MTRG. The annual interest rate is 30%. The lock-up period is 60 days. The total amount of MTRG to be locked is 300000 MTRG.
   
   
   
2. The purchase starts at 4:00 AM GMT August 30th, 2020. Users purchase at a first-come-first-serve basis.
   
   
   
3. During the first 10 minutes of the purchase, users need to be VIP 3 and above to participate. The purchase limit will be calculated based on users' GT holdings.
   
   
   
   Below is the requirements for GT holdings:
   
   
   
   
   
4. After the first 10 minutes of the purchase, there are no VIP or GT holding requirements for participants. However, the product might be sold out within the first 10 minutes.
   
   
   
5. The interests will be distributed to users when the lock-up period ends.
   
   
   
   
   
   Introdcution to Meter (MTRG)
   
   
   
   Meter employs a unique hybrid consensus protocol that separates currency creation from record keeping. Meter leverages PoW to create a fully-decentralized, low-volatility cryptocurrency that eliminates counterparty, regulatory, and oracle risks typically found with fiat- and crypto-collateralized stablecoins. PoS is used to manage the ledger; validators who hold Meter’s governance token, MTRG, approve transactions. This hybrid can process thousands of transactions per second, allowing transactions to reach finality in seconds. Meter also functions as a Layer 2 sidechain for other public blockchains to allow value interaction among different crypto assets.
   
   
   
   
   
   Attention: Once purchased, the principle will be locked immediately and will only be returned with the interest when the lock-up period finishes. The funds are not able to be withdrawn during the lock-up period. Losses incurred due to market volatility shall be borne by users. Please be aware of the market risks and use this feature with caution.
   
   
   
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   Gate
   Aug 30, 2020