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Gate.io "HODL & Earn "ALGO PoS Staking #6 Launched , 4% APR

2021-01-20 11:00:46Read:15327

ALGO PoS Mining & Earn #6 has been launched on Gate.io HODL & Earn. The annual interest rate is 4%, which will be adjusted based on the amount of tokens mined. Web Users can use the link to purchase - https://gate.io/hodl/322, while app users can tap HODL & Earn icon on Markets.

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.
3) The annual interest rate is 4%, 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 ALGO
Algorand, Inc. is a technology company founded by cryptography pioneer, Turing award winner and MIT professor, Silvio Micali. He designed the Algorand platform with an internationally recognized team of researchers, mathematicians, cryptographers, and economists from first principles guarantee true decentralization, scale and security.

Algorands consensus mechanism is permissionless and pure proof-of-stake. It ensures full participation, protection, and speed within a truly decentralized network. With blocks finalized in seconds, Algorands transaction throughput is on par with large payment and financial networks. And Algorand is the first blockchain to provide immediate transaction finality. No forking. No uncertainty.

# Gate.io’s HODL & Earn
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.


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
January 20, 2021

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