Gate Announcement on the First Distribution of Rewards for the Winning Bidders in the KSM Slot Auction Projects for Kintsugi

Gate has distributed the first KSM rewards for the Winning Bidders in the KSM Slot Auction Projects for Kintsugi (KINT). Users who have successfully participated in the KSM Slot: Lock-up KSM ＆ Earn KINT can check the reward distribution details at “My Wallets”– section “My Billing Details”.



Gate Kintsugi Rewards Distribution Rules:

1. Reward currency: KINT
   
2. On-chain lock-up/(unlock) date: 2021-10-13 (+336 days)
   
3. Reward distribution: Incentive rewards (1 KSM: 3.75 KINT) + Special Allocations rewards (79.94 KINT in total, distributed according to the proportion of the users’locked amount)
   
4. Reward releasing rules: 30% of the total rewards (incentive rewards included) will be released online as soon as the on-chain lock-up comes into effect. The remaining 70% will be released online spontaneously within 48 weeks of the on-chain lock-up date. The interest will be distributed to users once every 14 days after the first sum of interest distribution. So far, 30% of the interest has been released to users.
   
   
   
   
   
   Refer to Kintsugi rewards distribution rules at：
   
   https://docs.interlay.io/#/kintsugi/crowdloans?id=claiming-kint
   
   
   
   Gate reserves the right to the final interpretation of the activity. If you have any questions, please turn to our online chat for support.
   
   
   
   
   
   
   
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   Gate Team
   
   December 30th