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-ShopNEXT (NEXT) Sale on Nov 30, 2021 at 10:00 AM UTC.
Startup Link: https://www.gate.io/en/startup/
Project Introduction
ShopNEXT is a Shop-to-Earn Crypto Onboarding Platform promoted by Binance. They onboard new crypto users by rewarding them with free crypto (Bitcoin, Ethereum, BNB, USDT) when shopping at ShopNEXT partners.
In addition, for every shopping transaction, ShopNEXT also rewards users extra NEXT, the cryptocurrency issued by ShopNEXT. Users can sell NEXT on the DEX and CEX exchanges to make money. The Shop-To-Earn model ShopNEXT wants to build up is a world-first.
ShopNEXT is backed by Shopiness, the top cashback platform in Vietnam. Shopiness currently has 700.000 users and 100.000 MAU, who generate $4M GMV from 1M transactions monthly. ShopNEXT has already partnered with more than 600 local and global merchant brands such as: Shopee, Lazada, Amazon, Adidas, Booking.com, etc.
Token Information
Ticker:NEXT
Total Supply: 100,000,000 NEXT
Initial circulation: 59,291,667 NEXT
Blockchain Network: BSC
Token Distribution:
Angel Round: 3%
VC Round: 15%
SHO:2%
Company Reserve: 15%
Staking, liquidity, MM & Incentives: 10%
Team: 18%
Partners, Advisors, & Consultants: 2%
Marketing, Acquisitions, & Licenses: 10%
Price & Lockup for Sale Rounds
Angel Round Price:$0.010
Lock-up:15% unlocked on TGE, 3 months cliff, then 4.25% monthly
VC Round Price:$0.015
Lock-up:15% unlocked on TGE, 3 months cliff, then 4.25% monthly
SHO Price:$0.015
Lock-up:25% unlocked on TGE, 3 months cliff, then 25% monthly
Website: https://shopnext.io
Important Notice
about Gate.io Startup Sale for ShopNEXT (NEXT)
1.Startup supply: 4,000，000 NEXT;Price:$0.015
Vesting: 25% on TGE, 3 months cliff, then 25% monthly
2.Payment currency: USDG, Lockup currency: DAO
3.Eligible participants: agree to lock up DAO for a period of 10 days. Individual cap is 20K DAO.
4.Token distribution: participants get a proportional amount of NEXT tokens to their share of DAO tokens locked up on Gate.io.
5.The NEXT tokens will not be released until the Token Generation Event. Users won’t get any token immediately after the Gate.io startup sale.
6.The startup sale is designed for ShopNEXT’ DAO Maker SHO portion.
7.The cryptocurrency market is highly volatile. The project team does not guarantee that the token price will not be lower than SHO price. Please invest with caution, and don't invest beyond your financial capacity.
Rules of ShopNEXT’s
DAO SHO Portion Sale on Gate.io’s Startup
(1) Order Duration: Nov 30th, 10:00:00 AM-December 1st, 2:00 AM UTC
(2) To participate in Startup Sale, users should agree to lock up DAO for a period of 10 days.
(3) The price is $0.015
(4) Users can place orders by agreeing to locking up DAO for 10 days
(5) Users can place orders from November 30th, 10:00:00 AM – December 1st, 2:00 AM UTC. Orders placed by qualified users within these 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 10 days) and USDG (amount to pay for new tokens actually received) in accounts after placing the orders. An insufficient DAO or USDG balance will result in the cancellation of the purchase order.
(7) Each individual can only purchase once with an account passing KYC.
(8) After December 1st, 2:00 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 NEXT 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 10 days. Participants will receive a proportional amount of NEXT tokens to their share of DAO tokens locked up on Gate.io according to the token release schedule.
Example(with hypothetical data and conditions ):
If the total DAO locked by all startup sale participants is 20,000 DAO. The total supply of new tokens offered on Gate.io startup sale is 1,000,000 new tokens. Token price is 0. 1 USDG per token. Participants are required to lock DAO for a period of 15 days.
If User A agreed to lock 500 DAO (by placing order) for a period of 15 days. Then,
User A’s share of the new tokens (also his share of DAO locked): 500/20,000=2.5%
Users A will receive new tokens: 2.5%X 1,000,000=25,000 new tokens.
User A’s USDG payment: the actual new token user A will receive X token price: 25,000X0. 1=2500 USDG
After the sale, user A’s 500 DAO will be locked for 15 days.
And USDG for purchase of the new tokens will be deducted from User A’s spot account balance.
Attention
(1) Countries not supported: Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Burundi, Burma, Canada, China (Taiwan), 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 uate 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.
