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Gate.io HODL & Earn Launches Kusama(KSM)PoS & Earn (Issue 1), Annual Interest Rate 13%

2020-08-19 15:47:31Read:26913

Gate.io’s ‘HODL & Earn’ belongs to a series of crypto-asset management tools that guarantee a stable profit with less risk. With Gate.io’s ‘HODL & Earn,’ users can earn interest with temporary or fixed deposits. We will also launch asset management tools with major cryptocurrencies such as BTC and USDT, providing more ways for users to gain interest.

The Kusama (KSM) PoS Mining & Earn (Issue 1) has been launched on Gate.io HODL & Earn. The annual interest rate is 13%, which will be adjusted based on the amount of token mined. Web Users can use the link to purchase - https://gate.io/hodl/97, while app users can use HODL & Earn.

The participation rules are stated below.
1) To take part in PoS & Earn, users need to register themselves. However, token lock-up is not required
2) There is no handling fee being charged by Gate.io
3) The annual interest rate is 13%, which will be adjusted based on the number of tokens mined
4) The interest will be calculated based on the average amount of tokens in a position over a 14-day period, excluding the borrowed tokens
5) The interest will be distributed every 14 days
6) To continue to participate in the program, users need to operate manually

Introduction to Kusama
Launched on August 23, 2019, Kusama is a canary network for Polkadot experiments. Kusama is an early, unaudited and unrefined release of Polkadot. It will serve as a proving ground, allowing teams and developers to build and deploy a parachain or try out Polkadot’s governance, staking, nomination and validation functionality in a real environment.


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Gate.io
Aug 19, 2020
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