Gate.io has launched Startup, a platform that aims to provide users with access to innovative and advanced projects. Traders now have more opportunities to make an initial investment.
Gate.io Startup will launch another DAO SHO project- Hord sale on April 20th，2021 at 4:00 AM UTC.
Startup Link: https://www.gate.io/en/startup/87

Introduction to Hord
HORD enables crypto champions to tokenize and monetize their influence, and empowers crypto lovers to evolve from following news and tips to capitalizing on information flow. With Hord revolutionary dynamic ETFs you are one click away from trading and investing like the pros.

Token Information
Token Name： HORD
Token symbol: HORD
Total Supply: 320 M
Initial Circulating supply: 30,400,000 tokens / $760,000

Token Distribution
Sale： 25%
Participation 25%
DEX Liquidity +staking rewards： 10%
Long term development fund： 10%
Team+ Advisor + Foundation： 30%

Token Utilities
Success Fee
Upon redemption, 5% of profits are being used to buy back and burn HORD tokens
Orderbook DEX Fee
A 0.25% fee applies to trades of ETFs on the orderbook DEX if traders own HORD tokens. Otherwise, a 0.4% fee applies.
50% of DEX fees reduce HORD token supply. The other 50% replenish the development fund.
Redemption Fee
When a portfolio ETF is redeemed for its underlying value, a 0.5% fee is applied.
Governance
HORD stakers will earn the right to partake in governance of the network and protocol.

website：https://www.hord.app
Documentation: https://docs.hord.app/


Important Notice about Gate.io Startup Sale for HORD:
1. Startup supply: 1,000,000 Vesting: 30% TGE, then 10% per month Price $0.025
(same price and vesting schedule as seed round)
2. Payment currency: USDG, Lockup currency: DAO
3. Eligible participants: agree to lock up DAO for a period of 20 days. Individual cap is 20K DAO.
4. Token distribution: participants get a proportional amount of HORD tokens to their share of DAO tokens locked up on Gate.io.
5. The HORD tokens will not be released until Token Generation Event. Users won’t get any token immediately after the Gate.io startup sale.
6. The startup sale is designed for HORD’s DAO Maker SHO portion.
7. The cryptocurrency market is highly volatile. The project team does not guarantee that token price will not be lower than SHO price. Please invest with caution, and don't invest beyond your financial capacity.

Rules of HORD’s DAO SHO Portion Sale on Gate.io’s Startup：
(1) Order Duration: April 20th 4:00AM –April 21th 4:00 AM UTC
(2) To participate in Startup Sale, users will agree to lock up DAO for a period of 20 days.
(3) The price is $0.025USDG/ HORD
(4) Users can place orders by agreeing to locking up DAO for 20 days
(5) Users can place orders from April 20th 4:00AM –April 21th 4:00 AM UTC Orders placed by qualified users within these 24 hours will be treated equally.
(6) Users need to ensure that there is sufficient balance of DAO (the full amount you agree to lockup for 20 days) and USDG (amount to pay for HORD token actually purchased) in accounts for the purchase after placing the orders. An insufficient DAO balance will result in the cancellation of the purchase order.
(7) Each individual can only purchase once with an account passing KYC.
(8) After April 21th 4:00 AM UTC, we will collect all the qualified orders and calculate the result and announce the result in 2 hours. USDG to pay for Participant’s HORD token purchase will be deducted from the participant’s account and the amount of DAO the participant agrees to lockup when placing orders will be locked for 20 days.
Participants will receive a proportional amount of HORD tokens to their share of DAO tokens locked up on Gate.io according to token release schedule at the TGE (the token generation event, to be announced).


Update

HORD New Vesting Schedule
The HORD team changed the vesting schedule for all private and public pre sale participants The new vesting schedule is applied to HORD sale participants on gate.io startup as well.
The new schedule will be as follows:
60 days after TGE: 20%
120 days after TGE: 20%
180 days after TGE: 20%
210 days after TGE: 10%

Learn more at : https://twitter.com/HordApp/status/1396208744195895306

Attention：
(1) Countries not supported: Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Burundi, Burma, Canada, China, Democratic Republic of Congo, Cuba, Ethiopia, Guinea-Bissau, Guinea, Iran, Iraq, Japan, Liberia, Lebanon, Libya, Macedonia, Malaysia, New Zealand, Serbia, Sri Lanka, Sudan, Somalia, Syria, Thailand, Trinidad and Tobago, Tunisia, Uganda, Ukraine, United States of America, Venezuela, Yemen, Zimbabwe.

For users from other countries, please check and make sure your participation in the token sale on Startup complies with local laws and regulations.

(2) Risk Warning:
- The start-up project is still in its initial stage, factors including the operation and underlying technology of the project, and other related regulatory activities might contribute to significant risks.
- Advanced technical and financial knowledge is required to understand, and e valuate the inherent risks of crypto-asset investment.
- The market volatility is high, and the price of a token might fluctuate drastically due to technical, regulatory, and marketing factors.
- Users may not be able to withdraw all the purchased tokens due to technical issues of the project or Gate.io.

(3) Requirements for participants
- The participant should register on Gate.io and Log in;
- After logging in, complete user identity verification;
- Deposit a certain amount of cryptocurrencies in your gate.io account;
- Sign the Purchase Agreement on Startup before placing orders

Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.

Gate.io Team
April 18, 2021

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