Gate HODL & Earn Launches Algorand (ALGO) PoS & Earn (Issue 2), Annual Interest Rate 16%

Gate has launched HODL & Earn, a series of crypto-asset management tools that promises stable profit and lower risks. With Gate HODL & Earn, user can earn interest with current or fixed deposits. We will also launch asset management tool with major crypto currencies such as BTC and USDT, providing more ways for users to gain interest.



The ALGO PoS Mining & Earn (Issue 2) is launched on Gate HODL & Earn. The annual interest rate is 16%, which will be adjusted based on the amount of token mined. Web Users can use the link to purchase - https://www.gate.com/hodl/35, while app users can use HODL & Earn.



The participation rules are stated below.

1. To participate in PoS & Earn, users need to join but do not need to lock-up the token
   
2. There is no handling fee.
   
3. The annual interest rate is 14%-16% and will be adjusted based on the amount of token mined.
   
4. The interest will be calculated based on the average amount of token in position over a 14-day period borrowed token excluded.
   
5. The interest will be distributed every 14 days.
   
6. To continue to participate in the program, users need to operate manually.
   
   
   
   Introduction to Algorand
   
   Algorand, Inc. is a technology company founded by cryptography pioneer, Turing award winner and MIT professor, Silvio Micali. He designed the Algorand platform with an internationally recognized team of researchers, mathematicians, cryptographers, and economistsfrom first principlesto guarantee true decentralization, scale and security.
   
   
   
   Algorands consensus mechanism is permissionless and pure proof-of-stake. It ensures full participation, protection, and speed within a truly decentralized network. With blocks finalized in seconds, Algorands transaction throughput is on par with large payment and financial networks. And Algorand is the first blockchain to provide immediate transaction finality. No forking. No uncertainty.
   
   
   
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   Gate
   
   January 12,2019