GT Holders' $1 Million Year-End Bonus: Elys Network(ELYS) Launchpool Airdrops - Stake to Claim

To celebrate the surge in GT prices and thank GT holders for their support of Gate, Launchpool presents a $1 million year-end bonus exclusively for GT holders. Featuring multiple high-potential projects, this event offers a total of $1 million in token rewards, helping you unlock new earning opportunities with one click!

The newly launched project on Launchpool is Elys Network(ELYS). Stake supported asset to earn ELYS token rewards every hour!

1.Introduction to Elys Network(ELYS)
Elys is a layer 1 blockchain that brings a suite of Defi products and features fueled by Wallet and Chain Abstraction. Through its revolutionary self-custody universal liquidity design, it transforms the fragmented Web3 landscape into a cohesive and efficient ecosystem. This empowers both novice and pro users to easily manage their assets & trade across different chains with speed & ease all on one platform.
Website: https://elys.network/

2.Elys Network(ELYS) Mining Rules
(1) Staking Period: 14:00 PM on January 8th - 14:00 PM on January 11th, 2025 (UTC)
(2) Total Staking Rewards: 50,000 ELYS

(3) Staking Pool: ELYS
-Staking Rewards: 10,000 ELYS
-Prize Pool Per Hour: 138.88 ELYS
-Hourly Reward Cap Per User: 0.97 ELYS
-Minimum Staking Amount: 0.4 ELYS

(4) Staking Pool: GT (Single-Coin Multi-Mining)
-Staking Rewards: 40,000 ELYS
-Prize Pool Per Hour: 555.55 ELYS
-Hourly Reward Cap Per User: 2.22 ELYS
-Minimum Staking Amount: 0.01 GT

(5)Unlocking Rule: 100% Unlock

3.Reward Calculation and Distribution
(1) ELYS Staking Pool: 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) "Single-Coin Multi-Mining" GT Pool: The system will take multiple snapshots of users' GT and GT2 holdings every hour and take the average as the effective holding amount. Hourly rewards for users = (User's GT holdings + User's GT2 holdings) / (Total GT holdings of all participants + Total GT2 holdings of all participants) x hourly reward pool.
(3) Token rewards will be distributed into the spot accounts of eligible users hourly.
(4) Users can join ELYS Staking Pool or "Single-Coin Multi-Mining" GT Pool at the same time to earn rewards from ELYS pool and GT pool separately.

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
Jan 8th, 2025