In order to support the Kusama Parachain Slot Auction, we launched a special HODL & Earn project and the sixth parachain auction will be launched at 12:00 UTC on September 1. Users can simply lock up KSM to support projects which take part in the auction, and earn on-chain rewards! New users sign up at Gate.io to participate. Methods: App: Click“Gate.io Finance on the Markets page. Web: Click“Finance”on the top of the homepage. KSM slot auction had launched the following projects today: 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 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 Other projects 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 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, 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. Gate.io is a Cryptocurrency Trading Platform Since 2013 Top ranking, Trustworthy, Transparent Sign up to enter the crypto gateway and get 40% commission from referrals Download iOS/Android App right now. Follow us on social media Twitter: https://twitter.com/gate_io Telegram：https://t.me/gateio Instagram：https://www.instagram.com/gateioglobal Medium：https://medium.com/@gateio Gate.io Team August 31st, 2021