Gate.io Startup Initial Free Offering: Masa Network(MASA) and Announcement of Free Distribution Rules(506,329 MASA free of charge)

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Announcements Gate.io Startup Initial Free Offering: Masa Network(MASA) and Announcement of Free Distribution Rules(506,329 MASA free of charge)

Gate.io Startup Initial Free Offering: Masa Network(MASA) and Announcement of Free Distribution Rules(506,329 MASA free of charge)

2024-04-10 10:42:24 UTC 21059 Read

MASA/USDT + 9.33%

[//]:content-type-MARKDOWN-DONOT-DELETE
About Gate.io Startup Free Airdrop Program In order to reward platform users, Gate.io launched the "Startup Project Free Airdrop Program", and free airdrops for blockchain excellent projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens airdrop benefits.
 
This Masa Network(MASA) Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of event.
 
Startup Link: https://www.gate.io/startup/1386
<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup/1386" target="_blank" style="text-decoration: none;display: inline-block;"><div style="text-align:center;background: #2354E6; padding: 16px; border-radius: 8px; width: 200px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">Click to Subscribe</span></strong></div></a></div>
 
Introduction to Masa Network(MASA) 
Masa is the leading decentralized AI data and LLM network. Users can own, share, and earn from their data and compute to power AI applications. Ahead of Mainnet Launch, Masa has already amassed over 1.4 million unique users, 48,000 node operators, and over 40-million data points. 
Masa Network has raised $18 million from leading investors such as Digital Currency Group, Anagram, Animoca, and GoldenTree. The company recently achieved a remarkable milestone in its CoinList sale, selling out in just 17 minutes, securing $8.75 million. Masa Network is a proud graduate of the Binance Most-Valuable-Builder Accelerator S6 and participant in Hashkey’s AI Accelerator.
 
Token Information
Token Name: Masa Network
Token Symbol: MASA
Max Supply：1,588,866,523
Token Type: ERC-20
Contract: https://etherscan.io/token/0x944824290CC12F31ae18Ef51216A223Ba4063092
Token distribution ratio and unlocking rules: 
Core Team: 406,485,769,  25.58%, 
Core Team members are subject to one of the following release schedules:
-A 180-day cliff after public sale, at which point 25% unlocks and the remaining 75% unlocks linearly over an additional 12 months
-A 180-day cliff after public sale, at which point 25% unlocks and the remaining 75% unlocks over an additional 31 months
-A 180-day cliff after public sale, at which point 25% unlocks and the remaining 75% unlocks over an additional 32 months
-A 12-month cliff after public sale, at which point 25% unlocks and the remaining 75% unlocks linearly over an additional 36 months
Key Partners & Advisors: 113,296,478, 7.13%,
Key Partners & Advisors are subject to one of the following release schedules:
-A 180-day cliff after public sale, at which point 25% unlocks and the remaining 75% unlocks linearly over an additional 2 years
-A 12-month cliff after public sale, at which point 25% unlocks and the remaining 75% unlocks linearly over an additional 3 years
Private Sale: 421,864,898, 26.55%, A 12-month cliff after public sale, at which point 25% unlocks and the remaining 75% unlocks linearly over an additional 3 years
CoinList Community: 111,220,657, 7%, A 35-day cliff after public sale, at which point 25% unlocks and the remaining 75% unlocks linearly over an additional 6 months 100% unlocks 1 month after centralized exchange listing
Community Rewards: 158,886,652, 10%, 100% unlocks 1 month after centralized exchange listing
Oracle Staking Rewards: 66,032,028, 4.16%, Unlocks linearly over 2 years after the launch of Masa Oracle. Masa Oracle is expected to launch in Q4 2024
Ecosystem Growth(Treasury): 311,080,042, 19.58%, 25% unlocks at centralized exchange listing and the remaining 75% unlocks linearly over an additional 2 years
For more information, please refer to: https://medium.com/masa-finance/an-overview-of-masa-token-economics-9cf7c55f5348

Website: https://www.masa.finance/
WhitePaper: https://docsend.com/view/g2m9a974r3f6967d

Masa Network(MASA) Startup Sale Rules
(1) Duration: April 10th, 2024 12:00 PM - April 11th, 04:00 AM 2024 UTC 
(Orders placed by qualified users within these 16 hours will be treated equally.)
(2) Trading Starts Time: April 11th, 08:00 AM 2024 UTC
Trading Pairs: MASA/USDT
(3) Price: 0 USDT
(4)Startup Supply:  506,329
(5) Unlock rule: 100% unlock.
(6) Startup Participation Rules:
Each user can only purchase once with a KYC account.
a) Startup Participation Rules for VIP Users:
For Airdrop Projects, the system will no longer verify the VIP Users’ assets adequacy, instead, the system will verify the Users’ VIP Level. The actual shares each VIP User received will be determined based on the actual VIP Level at the time of token distribution.
Purchase limit: The maximum contribution limit for a single user is 1500 shares. The VIP Users’ existing subscription share rules remain unchanged and can get 100% airdrops. The higher the VIP level, the more Startup airdrop shares can be subscribed.
The relationship between the VIP level and the maximum contribution allocation, please refer to the link: https://www.gate.io/article/29892
The actual share per user will receive is calculated according to the VIP Level at the time of subscription, and it’s necessary to ensure that the VIP Level of the account shall not downgrade from the VIP Level at the time of subscription before receiving the tokens.
b) Startup Participation Rules for Non-VIP Users (VIP 0 Users):
Spot assets not less than 10 USD, after participating in the subscription, whether the Non-VIP Users win or not will be announced at the end of the project subscription.
A portion of lucky Non-VIP Users will be randomly selected and the airdrop amount will be evenly distributed.
Non-VIP users who use Startup vouchers to join the subscription will have their Voucher benefits prioritized. Startup vouchers guarantee a 100% corresponding share, the specific subscription rules can be found at https://www.gate.io/article/31899.
(7) Announcement of results: After the end of the day’s subscription, the system will count all eligible subscription orders.
VIP users will be distributed according to the ratio of the individually subscripted tokens to the total subscripted tokens.
Non-VIP users will be randomly selected as part of the lucky Non-VIP users and the airdrop quota will be distributed equally. The subscription results will be announced before listing.
(8) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behavior is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.

**Gate.io Labs Private Sale Participating Disclosure**
Gate.io Labs hasn’t participated in the  .

**Attention**
(1) Please be noted that we may restrict or prohibit the use of all or a portion of the Services (including the participation in this event, game or competition) from Restricted Locations, including but not limited to the United Kingdom, United States of America, Mainland China, Singapore, Canada, France, Germany, Hong Kong, Lithuania, Malaysia, Malta, Cuba, Iran, North Korea, Sudan, Syria, Crimea Region, Spain, Luhansk, Donetsk, Netherlands, Bolivia and so on.

We may in our sole and absolute discretion elect to make the Services, or only part of the Services available in certain jurisdictions. For more information regarding the Restricted Locations, please read the User Agreement “[Section 2.3(d) Restricted Locations](https://www.gate.io/user-agreement "Section 2.3(d) Restricted Locations")”. We do not intend to solicit or conduct marketing towards customers in such Restricted Locations.
(2) Risk Warning:
-The project team does not guarantee that token price will not be lower than its startup sale price. Please invest with caution, and don’t invest beyond your financial capacity.
-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 evaluate 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.

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Gate.io Team
April 10th, 2024

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