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Gate.io HODL & Earn Launches PIG PoS Staking With 10% APR

2021-05-20 11:01:18Read:79257

A 5% fee will be charged for each blockchain transfer for PIG, of which 2% will be distributed to all coin-holding users. According to the current wallet statistics, Gate.io received a total of 350021617005.6 PIG (current value of about $250,000) in 9 days when it went live with Pig Finance (PIG) transactions.

Gate.io will send the full portion of the on-chain dividends to the users of the platform's position through the way of live PoS finance, according to the 14-day average holding (it is necessary to participate in live PoS finance, which does not affect buying, selling, deposit, and withdrawals). After that, Gate.io will count the total amount of on-chain transfer dividends received every 14 days and then distribute them to PIG position holders by way of current PoS finance.

The PIG PoS Mining & Earn is launched on Gate.io HODL & Earn 10:00 AM UTC on May 20th. The annual interest rate is 10%, which will be adjusted based on the amount of token mined. Web Users can use the link to purchase -https://www.gate.io/hodl/551, while app users can use HODL & Earn.

Rules for current wealth management:
1. For current wealth management, you don’t need to lock your position. You only need to sign up
2. Zero handling fee rate.
3. About 10% of annualized coin yield, and will be adjusted according to the network output.
4. Interest is calculated based on the 14-day average holding of the account (not counting the borrowed position).
5. Interest is paid every 14 days.
6. After the current period expires, you need to manually join the next period to continue to participate in PoS mining.

Gate.io 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.io Team
May 20, 2021

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