Gate.io Financial Announcement on Removal of “Lock-up KSM & Earn KILT” Due to Maximum Number of Votes in KILT Auction-Announcements-Gate.io
Gate
ประเภทที่เกี่ยวข้อง: Others
2021-09-02 07:39
In the sixth Kusama Parachain Slot Auction, KILT Spiritnet (KILT) reached the upper limit of 220,000.0000 KSM in the slot auction within 2 hours. Therefore, Gate.io was unable to vote on behalf of users on the exchange. Presently, Gate.io has removed the financial management. Users who have successfully participated in the "KSM Slot: Lock-up KSM & Earn KILT" financial management, please wait patiently. Gate.io will return the locked KSM as soon as possible to release funds so that users can participate in other projects. Meanwhile, we will strive to provide all participating users mega benefits.
Details of the sixth parachain auction:
https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama-rpc.polkadot.io#/parachains/crowdloan
We have launched a special HODL & Earn project “Lock up KSM & Earn,Join Kusama Slot Auction!”. Currently available projects are as follows:
KSM Slot: Lock-up KSM & Earn SKU: https://www.gate.io/hodl/730
KSM Slot: Lock-up KSM & Earn SGB: https://www.gate.io/hodl/729
KSM Slot: Lock-up KSM & Earn KMA: https://www.gate.io/hodl/728
KSM Slot: Lock-up KSM & Earn XRT: https://www.gate.io/hodl/727
KSM Slot: Lock-up KSM & Earn KILT: https://www.gate.io/hodl/726(removed)
KSM Slot: Lock-up KSM & Earn PICA: https://www.gate.io/hodl/725
KSM Slot: Lock-up KSM & Earn GENS: https://www.gate.io/hodl/724
KSM Slot: Lock-up KSM & Earn KPN: https://www.gate.io/hodl/606
KSM Slot: Lock-up KSM & Earn PKS: https://www.gate.io/hodl/607
KSM Slot: Lock-up KSM & Earn KAZE: https://www.gate.io/hodl/608
KSM Slot: Lock-up KSM & Earn CRU and CSM: https://www.gate.io/hodl/609
KSM Slot: Lock-up KSM & Earn KSX: https://www.gate.io/hodl/599
KSM Slot: Lock-up KSM & Earn CRING: https://www.gate.io/hodl/600
Rate Subject to on-chain revenue
Methods:
App: Click“Gate.io Finance on the Markets page.
Web: Click“Finance”on the top of the homepage.
Procedure
1. KSM Lockup & Earn Participation: Users can deposit or buy KSM to join and support different projects in the Auction. Project details:
2. KSM Slot Auction: Auction will be conducted on chain, please keep an eye on the result. If the project you support fails in the auction, the funds of KSM you locked will be returned without interest.
3. Interest Distribution: When the project you support wins an auction, we will distribute interest according to the annual interest rate on-chain. Once the funds on KSM on-chain are unlocked in advance, we will also release the KSM to users right away.
Rules
1. Lockup token: KSM
2. Interest token: KPN, PKS, KAZE, CRU and CSM, KSX, CRING, SKU, SGB, KMA, XRT, KILT(removed), PICA, GENS
3. Fees: 0
4. Annual interest rate is subject to the rate on chain
5. When the project you support wins the auction, we will distribute interest according to the annual interest rate on-chain.
6. Once the funds on KSM on-chain are unlocked in advance, we will also release the KSM to users right away.
7. If the project you support fails in the auction, the funds of KSM you locked will be returned with no interest.
1. Other supported projects in the auction will be updated later on Gate.io Finance.
2. Gate.io only serves as the platform to provide users with services for participating in the auction, and does not bear any financial losses caused by the project’s team or the security of the chain.
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Gate.io Team
September 2nd, 2021