Gate.io launches JOC staking with hourly token rewards
Japan Open Chain debuts on Gate.io
Gate.io has officially introduced Japan Open Chain (JOC) on its Startup Mining platform, providing users with the opportunity to stake assets and earn hourly rewards in JOC tokens.
This announcement marks a significant event for crypto enthusiasts and investors looking to engage with this innovative blockchain.
Staking rules and reward structure
The JOC Startup Mining event runs from December 29th at 10:00 AM (UTC) to January 1st at 10:00 AM (UTC), 2025, with a total pool of 100,000 JOC tokens. Participants can stake either JOC or GateToken (GT) to earn rewards:
For JOC staking: Total pool – 10,000 JOC, hourly prize pool – 138.88 JOC. The hourly reward cap per user is 13.89 JOC, with a minimum staking amount of 1 JOC.
For GT staking: Total pool – 90,000 JOC, hourly prize pool – 1,250 JOC. The hourly reward cap per user is 62.5 JOC, with a minimum staking amount of 0.01 GT.
Reward distribution and dual pool staking
Gate.io will calculate rewards based on hourly snapshots of each user’s staking volumes. The average staking amount determines the user’s share in the pool. Rewards are distributed hourly to participants' spot accounts. Additionally, users can simultaneously participate in both the JOC and GT pools, earning separate rewards from each pool.
About Japan Open Chain (JOC)
Japan Open Chain (JOC) is a Layer-1 public blockchain designed for business applications, combining decentralization and scalability. Built on the Proof of Authority (PoA) consensus algorithm, JOC ensures reliability and scalability through trusted validators from reputable organizations, including Sony Group, NTT Group, and Dentsu Group.
Operating under Japan's stable political and legal framework, JOC provides a secure and Ethereum-compatible solution, making it an attractive choice for companies in the financial sector seeking a reliable blockchain platform.
This launch on Gate.io highlights JOC's potential to drive adoption and innovation in the blockchain industry, especially for users seeking legally compliant and secure platforms.
