Event #Lock up KSM & Earn, Join the Kusama Slot Auction is ongoing
and now Karura is taking the lead in the auction. Karura is now reopened, click to support:

KSM Slot: Lock-up KSM ＆ Earn KAR：https://www.gate.com/en/hodl/596

Lock up KSM to support projects which
take part in the auction, and earn on-chain rewards!

Links of other Projects

KSM Slot: Lock-up KSM ＆ Earn MOVR：https://www.gate.com/hodl/605

KSM Slot: Lock-up KSM ＆ Earn KPN：https://www.gate.io/hodl/606

KSM Slot: Lock-up KSM ＆ Earn PKS：https://www.gate.io/hodl/607

KSM Slot: Lock-up KSM ＆ Earn KAZE：https://www.gate.io /hodl/608

KSM Slot: Lock-up KSM ＆ Earn CRU and CSM：https://www.gate.io /hodl/609

KSM Slot: Lock-up KSM ＆ Earn K-PHA：https://www.gate.com/en/hodl/595

KSM Slot: Lock-up KSM ＆ Earn BNC：https://www.gate.com/en/hodl/597

KSM Slot: Lock-up KSM ＆ Earn SDN：https://www.gate.com/en/hodl/598

KSM Slot: Lock-up KSM ＆ Earn KSX：https://www.gate.com/en/hodl/599

KSM Slot: Lock-up KSM ＆ Earn CRING：https://www.gate.com/en/hodl/600

Procedure

1. KSM Lockup & Earn Participation: Users can deposit or buy KSM to join and support different projects in the Auction. Project details:

2. KSM Slot Auction: Auction will be conducted on chain, please keep an eye on the result. If the project you support fails in the auction, the funds of KSM you locked will be returned with no interest.

3. Interest Distribution: When the project you support wins the auction, we will distribute interest according to the annual interest rate on-chain. Once the funds on KSM on-chain are unlocked in advance, we will also release the KSM to users right away.

Rules:
1. Lockup token: KSM
2. Interest token: KAR, BNC, K-PHA, SDN, KSX, CRING
3. Fees: 0
4. Annual interest rate is subject to the rate on chain
5. Start time 2021-06-14 14:00 UTC+8
6. When the project you support wins the auction, we will distribute interest according to the annual interest rate on-chain.
7. Once the funds on KSM on-chain are unlocked in advance, we will also release the KSM to users right away.
8. If the project you support fails in the auction, the funds of KSM you locked will be returned with no interest.

*
1. Other supported projects in the auction will be updated later on Gate Finance.
2. Gate only serves as the platform to provide users with services for participating in the auction, and does not bear any financial losses caused by the project party or the security of the chain.

Gate is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.

Gate Team
June 18, 2021

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