Gather (GTH) Web Staking Overview

Dear Gather Community Members,

In just a few days we will release Gather’s Web-Based Staking powered by Ferrum Network. But before we do, we wanted to provide critical information on the structure, rewards and requirements of GTH Staking. Enjoy!

General Overview

GTH Staking can be likened to a savings account — it offers constant time-based returns based on staking time. In other words, the longer you stake, the higher the rewards. That may seem basic, but GTH Web Staking is unique in many ways.

First, it is pool based. Meaning it is a group activity with multiple contributors for each staking contract.

Second, it is flexible. Meaning you have the option to withdraw early, stake until full maturity, or withdraw somewhere in between. But be warned: leaving early comes at a cost.

Finally, it is strategic. Meaning if you stake until full maturity, and others in your pool withdraw early, you will receive a portion of their rewards.

There will be 3 staking pools: Gold (short term), Platinum (medium term) and Diamond (long term). The terms of each staking pool (rewards, lengths, minimum contribution, etc.) are detailed below.

We will publish a full “how-to stake” guide in the coming days, but overall it is very simple. Just connect your ERC-20 wallet to the contract, deposit your GTH into the pool, stake until you wish to withdraw, and then withdraw to have your principal and rewards sent back to your wallet. Easy!

Requirements for Staking

Here are the requirements to be aware of.

Metamask: GTH Web Staking requires the ERC-20 wallet extension Metamask, which will automatically link to our staking contracts. This is the wallet you will contribute from and where rewards will be distributed upon withdrawal.

For assistance on setting up a Metamask, please contact a Gather team member or the Metamask team directly.

1000 GTH Minimum: to stay consistent with Social Mining, the minimum amount to stake is 1000 GTH. There is no maximum.

Keywords and Unique Features

GTH Web Staking has some unique features such as early withdrawal, forfeited/redistributed rewards, and additional rewards for full maturity.

Limited Time to Contribute

Once the staking pools are opened, you will be given a limited amount of time to contribute. After the time expires OR the contract is full, contributions will close forever. A progress bar will show the remaining time.

Full Maturity

Stake until full maturity to receive maximum rewards. Maturity will have a date and time assigned at which time full rewards will be available for withdrawal, so you will know exactly when you can withdraw to receive the maximum rewards.

In addition, if you stake until full maturity, you will likely receive additional rewards from those who withdrew early.

Early Withdrawal

GTH Web Staking offers an early withdrawal option for flexibility. Early withdrawal will have a date and time assigned so you will know exactly when you can withdraw early.

Although rewards are lower for early withdrawal, they increase linearly every day — past the early withdrawal date right up until full maturity.

In other words, if you withdraw after the early withdraw date and closer to full maturity, rewards will be higher, but still less than full maturity.

Forfeited and Redistributed Rewards

GTH Web Staking pools are like a pie. The project will place a predetermined amount GTH into each pool prior to launch and this number will not change. If stakers leave early, the pie does not shrink, they’ll just receive less, while the proportions of the remaining stakers will increase.

Therefore, the longest stakers will earn more than just the maximum APR, they will also earn a share of rewards left behind by those who stopped staking.

In this sense, GTH Web Staking offers an element of strategy, suspense and gamification.

The Staking Pools:

There will be three staking pools: Gold (short term), Platinum (medium term) and Diamond (long term), each with different terms.

Gold Staking Terms

• Full Rewards: 50% annualized
• Full maturity: 90 days
• Early withdrawal starts: 30 days
• Early withdrawal reward start at: 40%
• Pool size: 4 million GTH
• Time period to contribute: 7 days
• Minimum amount staked: 1000 GTH

Platinum Staking Terms

• Full Rewards: 62% annualized
• Full maturity: 180 days
• Early withdrawal starts: 60 days
• Early withdrawal reward start at: 49.6%
• Pool size: 3 million GTH
• Time period to contribute: 7 days
• Minimum amount staked: 1000 GTH

Diamond Staking:

• Full Rewards: 74% annualized
• Full maturity: 365 days
• Early withdrawal starts: 120 days
• Early withdrawal reward start at: 59.2%
• Pool size: 2 million GTH
• Time period to contribute: 7 days
• Minimum amount staked: 1000 GTH

What’s Next

Next we will release GTH Web Staking and the staking pools on our website in the coming days. We will also release a step-by-step guide explaining how to stake.

Then we will open up the staking pools for contribution.

Stay tuned for updates!