Announcements Gate.io Startup Free Offering: UPCX (UPC) and Announcement of Free Distribution Rules (21,471 UPC free of charge)

Gate.io Startup Free Offering: UPCX (UPC) and Announcement of Free Distribution Rules (21,471 UPC free of charge)

2024-01-24 10:21:40 UTC 18397 Read

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About Gate.io Startup Free Airdrop Program 
In order to reward platform users, Gate.io launched the "Startup Project Free Airdrop Program". Free airdrops for excellent blockchain projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens via airdrop benefits.
 
Gate.io Startup will launch its next project, UPCX (UPC), on January 27th, 2024 at 04:00 AM (UTC).
 
Startup Link: https://www.gate.io/startup
 
**Introduction to  UPCX (UPC)：**
1.UPCX allows the easy development of financial smart contracts as well as the creation and issuance of fungible tokens - User Issued Assets (UIA) - and non-fungible tokens - Non-Fungible Assets (NFA) - for users and business operators.
2.UPX enables the issuance of stablecoins that are pegged to prices of real-world assets, including fiat currencies and commodities, by a highly reliable price oracle. This means that even the trading of real-world assets can be handled and completed within UPCX.
3.All assets that exist on UPCX can be used for payments and transfers such as remittances through the UPCX software wallet. UPCX enables same-asset payments and remittances but is specifically designed to also enable cross-asset transactions where the sender and receiver use different assets. Furthermore, all assets can be freely traded at any time on UPCX’s own Decentralized Exchange (DEX)
4.Conducting business today requires various payment methods and scenarios, for which UPCX’s financial smart contracts are the perfect solution:
-Scheduled payment
-Recurring payment
-Automatic withdrawals (with permission)
-Non-custodial escrow
-Multi-signature permission payment
Users can build their own specific payment scenarios by further customizing these smart contracts in UPCX.

(The information below is provided by the UPCX (UPC) team. Please follow the website for more information）
 
**Token Information**
Token name: UPCX
Token symbol: UPC
Max Supply: 780,000,000 UPC
Token Type: ETH-ERC20
Token Contract: 0x487d62468282Bd04ddf976631C23128A425555EE

Token Distribution and Unlocked Rules:
*Ecosystem: 50.25%
TGE: 0.1%, 50 years vesting

*Referral Rewards: 10%
16 months cliff, 54 months linear vesting

*Grant Rewards: 10%

*Grant Rewards part1: 3.33%
6 months cliff, 24 months linear vesting

*Grant Rewards part2: 6.67%
30 months cliff, 40 months linear vesting

*Marketing: 10%

*Marketing part1: 6%
TGE: 5%, 20 months linear vesting

*Marketing part2: 3%
20 months cliff, 12 months linear vesting

*Marketing part3: 1%
32 months cliff, 40 months linear vesting

*Development:8%

*Development part1: 6.40%
TGE: 3%, 32 months linear vesting

*Development part2: 1.60%
32 months cliff, 40 months linear vesting

*Early Backers: 7.28%

*Early Backers part1: 5.90%
6 months cliff

*Early Backers part2: 1.06%
12 months cliff

*Early Backers part3: 0.32%
18 months cliff

*Team: 4.47%
24 months cliff, 24 months linear vesting

Website: https://upcx.io/
Whitepaper: https://upcx.io/whitepaper/ 
Token Information:
https://etherscan.io/token/0x487d62468282bd04ddf976631c23128a425555ee

**UPCX(UPC)Startup Sale Rules**
(1) Duration:  04:00 AM on January 27th - 04:00 AM on January 29th (UTC), 2024 Orders placed by qualified users within these 48 hours will be treated equally.)
(2) Trading starts time: 08:00 AM on January 29th (UTC), 2024    
(3) Price: $0; Startup Supply: 21,471 UPC
(4) Unlocking Rule: 100% Unlock
(5) Startup Participation Rules:
Each user can only purchase once with KYC account.
a) Startup Participation Rules for VIP Users:
1.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.
2.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
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

(6) 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.
(7) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behaviour, and any cheating behaviour is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.
 
**Gate.io Labs Investment Participating Disclosure**
Gate.io Labs didn’t invest in UPCX(UPC)

**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
January 24th, 2024

Gate.io Startup Free Offering: UPCX (UPC) and Announcement of Free Distribution Rules (21,471 UPC free of charge)

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