Japan Open Chain (JOC) is now live on Gate Launchpool! Stake supported assets to earn JOC token rewards every hour!
1.Japan Open Chain (JOC) Mining Rules
(1) Staking Period: 10:00 AM on December 29th - 10:00 AM on Jan 1st (UTC), 2025
(2) Launchpool Allocation: 100,000 JOC
| Staking Token |
Total Staking Rewards |
Prize Pool Per Hour |
Hourly Reward Cap Per User |
Minimum Staking Amount |
| JOC |
10,000 JOC |
138.88 JOC |
13.89 JOC |
1 JOC |
| GT |
90,000 JOC |
1,250 JOC |
62.5 JOC |
0.01 GT |
(3) Unlocking Rule: 100% Unlock
#### 2.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 JOC and GT Staking Pool at the same time to earn rewards from JOC pool and GT pool separately.
3.Introduction to Japan Open Chain (JOC)
Japan Open Chain (JOC) is a L1 public blockchain optimized for business, with a practical balance between decentralization and scalability. JOC adopts the “Proof of Authority (PoA)” consensus algorithm, which ensures sufficient reliability and excellent scalability as long as it is operated by trusted validators.
Furthermore, JOC is an Ethereum-compatible public chain operating under Japanese law, which is known for political and legal stability on a global scale. The validators of JOC are composed of highly trusted companies and organizations in Japan, including Sony Group, NTT Group, Dentsu Group, and universities, ensuring compliance with Japanese laws and regulations. This significantly mitigates risks such as hacking and chain forks, providing high levels of security, stability, and trustworthiness. For those in the financial and business sectors seeking to use an Ethereum-compatible chain, JOC presents a safe option.
Website: https://www.japanopenchain.org/en/
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 Launchpool, please ensure that you fully understand the participation rules. Click here to learn more details.
(2) Please complete identity verification before participating in Launchpool 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
December 28th, 2024
