Gate Simple Earn is now live for XL1 7-day fixed-term investment: 500% annualized return, limited to 330 million XL1.

Product Details

Gate Yu Bi Bao has officially launched the XL1 7-day fixed investment product, providing users with high-yield investment options:

Product: XL1 7-Day Fixed

Annual yield (APR): 500%

Total limit: 330,000,000 XL1

This product adopts a limited release model, first come first served. For specific rules regarding subscription, redemption, and interest distribution, users can visit the subscription page for detailed information.

Immediately subscribe to the remaining Coin Treasure XL1 7-day fixed-term financial product, with an annualized return of 500%:https://www.gate.com/simple-earn

XL1 Project Introduction

XL1 is the utility token of XYO Layer ( 1), the first scalable data blockchain. This network brings verifiable information on-chain and drives ecological development through its token mechanism.

Usage: XL1 is used to pay gas fees and transaction fees (part of which will be destroyed through the activity mechanism); supports smart contracts, decentralized applications (dApp), and validator rewards; also has cross-chain bridging and wrapping functions.

Incentive mechanism: Encourage participation and long-term contributions through staking and a tiered reward system.

Dual Token Architecture: XL1: Drives on-chain operations, XYO: Supports contributor network, covering reward mechanisms, staking governance, and security assurance.

The decentralized oracle network of XYO (DePIN) has millions of nodes and, combined with Proof of Location (Proof of Location) and Proof of Origin (Proof of Origin) technologies, can provide credible data for the following scenarios:

Artificial Intelligence (AI)

Real World Assets (RWA)

Geospatial Intelligence (Geospatial Intelligence)

Location-based Games (Location-based Games)

Interest Distribution Rules

1. The interest will be paid in the form of XL1.
2. Users can go to [Financial Records] - [Fixed Term] - [Interest Income] to check their earnings.

Notes

1. To ensure fairness of the event, cheating is strictly prohibited, and any participant found to be cheating will be disqualified immediately.
2. The cryptocurrency market is highly volatile, and price fluctuations are difficult to predict. Users must pay attention to risks and operate with caution.
3. Restricted Area Notice: Users in the UK and other restricted areas will not be able to use this service. Please refer to the "User Agreement" for the specific list.
4. The content details are based on the official announcement.

User Agreement: https://www.gate.com/legal/user-agreement