Gate.io’s hodl & earn launches its third Release on the new PoS mining & earn for ONT— With An Annual Interest Rate of 12.44%
The global digital asset exchange, Gate.io has shared information with KoinPost about its new program on its “HODL & Earn” platform. The newly launched issue of Ontology (ONT) PoS Mining & Earn will offer an annual interest rate of 12.44%, which will be adjusted based on the amount of token mined.
Background: Gate.io’s HODL & Earn concept launched in November 2019. It is a series of crypto-asset management tools that promise stable profit with lower risks. With Gate.io HODL & Earn, users can earn interest with current or fixed deposits.
“We are currently working on some amazing asset management tools for major cryptocurrencies such as BTC and USDT, that will help our users to earn added interest while hodling (holding) these cryptocurrencies”, said Marie Tatibouet, CMO at Gate.io
Web Users can use the link to purchase – https://www.gate.io/hodl/43, while app users can use HODL & Earn.
Attention: the product distributes ONG as interest, and the interest is calculated based on the amount of ONT in position. Currently, the average PoS generating rate is 12.44%.
Participation rules in Gate.io’s hodl & earn 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 12%-25%, 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 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 Ontology (ONT)
Ontology is a blockchain/distributed ledger network which combines a distributed identity , distributed data exchange, distributed data collaboration, distributed procedure protocols, distributed communities, distributed attestation, and various industry-specific modules. Together this builds the infrastructure for a peer-to-peer trust network which is cross-chain, cross-, cross-industry, cross-application, and cross-device.
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