Bitget Launches Global Innovation Zone - Deposit &Trade AGLD, YGG & LDO to Share 100,000 BGB Mining Rewards!
Bitget Global Users:
To help further explore the blockchain industry, Bitget has established the “Global Innovation Zone” with well-known public chains and investment institutions. In doing so, we will adopt a more open and inclusive attitude and a more flexible listing strategy to discover early-stage projects, select high-quality projects, and empower high-potential projects, making it easier for users to participate in early-stage project investment and development. We believe that this joint effort will help promote the continued prosperity of the blockchain ecosystem.
The first batch of projects — Adventure Gold (AGLD), Yield Guild Game (YGG) and LDO (Lido DAO Token) — will be available today. Details are as follows:
Listing Schedule
Deposit Withdrawal: Activated
Trading: September 27, 2021, 16:00 (UTC+8)
Event Period
September 26, 2021, 18:00 - October 1, 2021, 18:00 (UTC+8)
Event Introduction
The event will last for 5 days with a total prize pool of 100,000 BGB, 35% of which will be allocated as rewards for deposit and the remaining 65% will go to trading. The earlier the deposit, the higher the mining coefficient, and the higher the return.
Deposit Mining
- Users that deposit AGLD, YGG or LDO can share a mining reward proportional to the size of the net deposit (Deposit amount will be calculated on each day at 00:00 (UTC+8)) and mining coefficient. Users who deposit earlier will enjoy higher mining coefficient.
| Deposit Period (UTC+8) |
Mining Coefficient |
| Prior to September 27, 2021, 18:00 |
1.6 |
| Prior to September 28, 2021, 18:00 |
1.5 |
| Prior to September 29, 2021, 18:00 |
1.3 |
| Prior to September 30, 2021, 18:00 |
1.2 |
| Prior to October 1, 2021, 18:00 |
1 |
For example, if User A deposits 100U, 300U, 200U, 500U and 100U respectively for a consecutive 5 days,
And the total deposits for all users are 10,000, 20,000, 30,000, 40,000,50,000 respectively for a consecutive 5 days,
Then the mining value for user A is：100*1.6+300*1.5+200*1.3+500*1.2+100*1=1570；
The total value mined on the platform is: 10000*1.6+20000*1.5+30000*1.3+40000*1.2+50000*1=183000
The proportion that user A is entitled to the prize pool is: 1570/183000=0.858%
- Rules for Rewards Distribution
2.1 A single deposit should be ≥100U，any deposit lower than this value will not be counted;
2.2 For the transaction fee of the first 100 qualified deposit orders, the platform will distribute 20 USDT for each order in the form of trial funds for futures trading within 5 days upon the completion of the event;
2.3 The upper limit for a single user will depend on the number of users participating in the deposits:
| Number of Users Depositing |
Upper limit for rewards |
| 0-50 |
1,000 BGB |
| 51-100 |
2,000 BGB |
| 101-200 |
5,000 BGB |
| More than 200 |
10,000 BGB |
Trading Mining
During the event, users involved in spot trading of AGLD, YGG and LDO with a minimum trading volume of 500 USDT are eligible to share the mining rewards. Rewards received by each user are proportional to the individual trading volume.
Notes:
- Users are allowed to redeem both deposit and trading rewards.
- The event will be based on Singapore time (UTC+8).
Project Profiles
(This information is sourced from third-party resources. Strictly for references only)
Project Name: Adventure Gold (AGLD)
AGLD is a governance token for the Loot project initiated by the crypto community. All Loot holders can claim a bag of AGLD tokens. Loot is randomized adventurer gear generated and stored on-chain.
Project Name: Yield Guild Games (YGG)
Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) for investing in non fungible tokens (NFTs) used in virtual worlds and blockchain-based games.
Project Name: Lido DAO Token (LDO)
Lido DAO is a community that builds liquid staking service for Ethereum. Lido allows users to earn staking rewards without locking assets or maintaining staking infrastructure. Staking with Lido is primed to start along with Phase 0 of Ethereum 2.0.
Disclaimer:
1.Bitget reserves the right to disqualify users that are deemed to be involved in wash trading, match orders, self-dealing or market manipulation
2.Bitget has the final interpretation right of this event.
Risk Warning
Projects in the Global Innovation Zone are usually in the early stages, which are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do your own research and invest at your own risk.
Bitget Team
September 26, 2021
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