What is BTC stake mining?
The Gate on-chain earning coin platform currently offers BTC staking mining products, where users can stake their held BTC at a 1:1 ratio to exchange for GTBTC and start earning daily returns. As of the deadline, the latest data shows that the total staking amount has reached 1735.04 BTC, with a reference annualized return rate of 3%. All earnings are distributed daily in the form of GTBTC.
How to participate in mining?
Participation is extremely simple, requiring only three steps:
- stake BTC
Users can stake BTC at a 1:1 ratio to receive an equivalent amount of GTBTC and initiate the earning process. - Hold GTBTC to earn profits
Every day, the system will calculate earnings based on the amount of GTBTC held and distribute it to the user’s account in the form of GTBTC. - Exchange back to BTC
Users can redeem GTBTC for BTC at a 1:1 ratio at any time, and the funds will be credited immediately after the redemption.
Participate in Gate BTC staking now and start your on-chain mining收益 journey:https://www.gate.com/staking/BTC
The advantages of Gate BTC stake products
The following key advantages make this product an ideal choice for users participating in BTC mining:
- Low entry barrier: You can participate with just 0.001 BTC.
- Flexible staking redemption: supports quick redemption, helping you adjust your PoS strategy flexibly.
- Daily dividends: Earnings are distributed at a fixed time every day, without the need to wait for a cycle.
- 100% Reserve: The platform provides a 100% reserve for all staked assets, ensuring the security of user assets.
How is the收益 calculated?
The user’s GTBTC earnings are calculated using the following formula:
- GTBTC Yield = GTBTC Holding Amount × Daily Annualized / 365 × (1 - Service Fee)
The annualized yield is dynamically calculated based on the GTBTC rewards obtained by all validators on the Gate of the BsquaredNetwork blockchain, and it will be affected by daily on-chain performance and market fluctuations. The platform will collect a small service fee from the daily earnings to maintain product stability.
Can GTBTC be exchanged for BTC at any time?
Users can initiate a GTBTC redemption request at any time, and the system will immediately transfer the BTC back to the user’s account without waiting or queuing.
Summary
Whether you are a long-term holder of BTC or a Staker looking to make your assets more efficiently liquid, you can find suitable strategies on the Gate on-chain earning coin platform.
