To celebrate the surge in GT prices and thank GT holders for their support of Gate, Gate Launchpool presents a $1 million year-end bonus exclusively for GT holders. Featuring multiple high-potential projects, this event offers a total of $1 million in token rewards, helping you unlock new earning opportunities with one click!
The newly launched project on Gate Launchpool is Chirp (CHIRP). Stake supported asset to earn CHIRP token rewards every hour!
1.Introduction to Chirp (CHIRP)
Chirp is an IoT ecosystem built on the Sui blockchain, featuring two core components: a Decentralized Physical Infrastructure Network (DePIN) and a robust set of tools that simplify RWA and IoT project deployment. Chirp’s DePIN operates through community-owned miners that provide connectivity for IoT devices, rewarding participants with $CHIRP tokens. The IoT platform enhances this connectivity by offering a comprehensive suite of tools for efficiently managing IoT devices and linking their data to the blockchain. This dual approach fosters community engagement and creates a sustainable ecosystem where Chirp delivers advanced IoT solutions for individuals, businesses, and Real-World Asset (RWA) projects.
In addition to IoT products, Chirp is building the largest geolocation database to enable services and applications like indoor wayfinding. This community-driven database is created through Kage—a DePIN mine-to-earn game with real-world utility, where players can mine CHIRP tokens using their smartphones.
Website: https://chirptoken.io/
2.Chirp (CHIRP) Mining Rules
(1) Staking Period: 09:00 AM on January 21st - 09:00 AM on January 25th, 2025 (UTC)
(2)Total Staking Rewards: 133,333 CHIRP
(3)Unlocking Rule: 100% Unlock
3.Reward Calculation and Distribution
(1)The system will take multiple snapshots of personal staking amounts hourly, and take the average staking amount as the valid staking amount. Hourly staking reward = (Individual latest 1-hour valid staking amount / Total pool staking amount) × Hourly reward pool
(2)Token rewards will be distributed into the spot accounts of eligible users hourly.
(3)Users can join CHIRP and GT Staking Pool at the same time to earn rewards from CHIRP pool and GT pool separately.
4.Notice
(1)Gate Launchpool is a staking product in the platform’s Startup series, where users can stake designated tokens to receive rewards from the token pools. Before participating in Gate Launchpool, please ensure that you fully understand the participation rules. Click here to learn more details.
(2) Please complete identity verification before participating in Startup Mining to enhance the security of your account and assets.
(3) After the staking ends, the staked assets will be automatically redeemed. Users can increase or redeem the staked assets at any time during the staking period. After the user redeems in advance or the staking is completed, the staked assets will be transferred to Simple Earn by default. If this option is unchecked, the staked assets will be redeemed into spot assets. If the amount of redeemed assets is too small and does not meet the minimum subscription amount of Simple Earn, the assets will be automatically transferred to spot assets. Additionally, if Simple Earn does not support the subscription of the redeemed token, the assets will also be automatically transferred to spot assets.
(4) The use of duplicate accounts and any other cheating behaviors are strictly prohibited. Any cheating behavior will result in disqualification for receiving rewards.
(5) Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
(6) Gate reserves all rights to the final explanation.
(7) This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the User Agreement for further details on Restricted Locations.
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Gate Team
Jan 21th, 2025
