Gate.io HODL & Earn Launches Ontology(ONT) PoS & Earn, Annual Interest Rate 24.88%
The ONT PoS Mining & Earn is launched on Gate.io HODL & Earn. The annual interest rate is 12%-25%, which will be adjusted based on the amount of token mined. Web Users can use the link to purchase - https://www.gate.io/hodl/22, 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. The annual interest rate is calculated based on the amount of ONG generated from holding ONT. Currently, the average PoS generating rate is 3.456/10,000 (from July 1, 2019 to July 1, 2020). In the initial stage, participants will be able to receive twice of the interests.
#The participation rules 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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