Gate.io Liquidity Mining Airdrop $5000
Gate.io founded in 2013 since then, Gate.io has strived to provide its users with the best trading experience in the last 8 years. In terms of trading volume, Gate.io is one of the top 10 crypto exchanges in the world listing crypto assets that are great in quality and have a high rate of return.
Liquidity mining refers to the act of providing liquidity to a blockchain and gaining interest based on the amount staked. This technique was devised in early 2020 by the developers of Hummingbot, which provided liquidity for autonomous transactions. In their white paper, the developers compared Liquidity mining to the PoW mechanism. Unlike the Proof of work system that utilizes powerful miners for validation, liquidity mining users pledge their tokens to provide token liquidity.
Liquidity mining is popular when it comes to DeFi projects or smart contracts. The transactions of most DeFi financial products rely on a set of rules. Gateio_liquiditymining helps to eliminate the need for brokers and save time. Without liquidity mining, users may spend a lot of time searching for willing traders to buy or sell their tokens.
Participants get rewarded in Tokens for depositing their assets. Whenever transactions are made, the pool generates fees and distributes them to the users. The yields are calculated just like other markets using annualized percentage rate and annualized return ratio. Always check whether the pool has indicated APR or APY because it can be a little confusing. You should note that liquidity mining is very competitive hence making the yields volatile. Your stake and locking period determine the number of returns that you will get.
Project Name: Gateio_liquiditymining
📅 End Date: 19–05–2022 (10:00 UTC)
📈 Total Pool: $5,000
🏆 50 participants from gleam $40 SSX token
🎉 Winner: 50
Follow these steps below to complete all entries:
👉 Join @gateio_liquiditymining_en on Telegram
👉 Answer a Question
The person who invited you ( @weeman269420)
👉 Follow @GateEarn on Twitter
👉 Retweet @gate_io on Twitter
👉 Like, comment and tag 3 friends on Twitter
🙌 New Airdrop users can follow our guide to avoiding disqualification from Gleam “Five Common Mistakes That Make You Disqualify From Airdrop Giveaway”
📣 Are you ready for our first giveaway contest to celebrate our Airdrop community growth exponentially? Join us for a chance to win a valuable prize!
📌 Follow Airdrop Daily- D5 Crypto on Telegram for more daily airdrop contents
⚠️ Warning: The Airdrop is completely free to join, participant doesn’t have to purchase any token in real monetary value to join!