Gate.io Startup will launch its next project with Peanut on February 10th, 2021, at 4:00 AM UTC. Please note that the sub-scrip-tion deadline is on February 10th, 2021, at 10:00 AM UTC.
The first 100 people participating in this first launch sub-scrip-tion will be rewarded with 5 NUX Early Bird Rewards each.
To participate, please visit: https://www.gate.io/startup/60
Risk Warning:
This project has no breakage commitment and has a long lock-up mechanism, so please make sure you understand this in advance and participate carefully.
1. Introduction to Peanut Peanut
is a set of smart contracts that automatically balance prices after
each trade to help LPs earn more and reduce slippage with no manual
effort. It divides LP assets into two parts: 90% is used for providing
liquidity on Uniswap or via another DEXs 10% is used for automatic
multi-level price balancing between Uniswap and other DEXs and CEXs.
Token Information
Token name: Peanut Token symbol: NUX Max supply: 50 Million Initial Circulation Supply --- 850,000 NUX Smart Contract: 0x89bd2e7e388fab44ae88bef4e1ad12b4f1e0911c
Token Distribution 6M NUX as an airdrop for REM token holders and Guardians of REMchain — initially locked 100% 10M NUX for pre-sale and public sale — initially locked 100% 10M NUX for community/partnerships/incentivizing — initially locked 70% 10M NUX for further development of the project — initially locked 50% 4M NUX for the team — initially locked 100% 10M NUX - an additional emission, which will be shared among all LPs as liquidity mining.
Release Schedule for Tokens for PreSales &Public Sale Pre-sale:
initially 100% of presale tokens are locked. Tokens will be unlocked
during 750 days - every day in equal parts, starting from the Token
Release Date. Public Sale:
initially will be unlocked 3.5% of tokens at the Token Release Date.
The rest amount will be unlocked during 700 days - every day in equal
parts. Token Released Date is scheduled on Feb 23, 2021.
Token Use Case: The
NUX token enables Peanut algorithms to work with assets of Liquidity
providers. Liquidity providers (or regular users) should have enough NUX
for the Peanut balancing mechanism to start operating their liquidity.
Once profit is earned, fees will be taken from the NUX tokens at an
amount of 10%. Also Peanut
will provide the buyback of NUX tokens starting from March. For this
purpose we are planning to spend 10% of the net income of Peanut
company. This will provide the necessary level of support for the token
price: it prevents the dumping of the price and at the same time
provides the needed level of price growth. Purchased tokens won’t be
burned, but will be sent to a reserve fund. Website: https://peanut.trade/ Peanut Tokenomics:https://medium.com/peanut-trade/peanut-tokenomics-4ac94c1328d7
2. Peanut Startup Sale Important Notices (1)
Startup Sales token release is 3.5% at token release date (scheduled on
Feb 23,2021), and the remaining is released on a daily basis for 700
days. You won’t get released NUX immediately at the end of this sale. (2) The fund raising target is 200K NUX, and total NUX supply is 2 Million NUX. If
the total valid orders exceeds 200K NUX, but no more than 2 million
NUX, users will receive the full amount of the NUX tokens they ordered. If
the total valid orders exceeds 2 million NUX, users will receive a
portion of their ordered NUX, proportional to their ordered quantity to
the total ordered quantity. (3) Payment Currency: USDT USDT is used as the payment currency for this sale. (4)
The cryptocurrency market is highly volatile. The project team does
not guarantee that token price will not be lower than $0.73. Please
invest with caution, and don't invest beyond your financial capacity. (5)
The token will be released in a relative long time. In the event the
token can't be released, Gate.io will refund users for the not released
portion at the price of $0.73/NUX.
The Peanut Startup Sales Rules (1) Order Duration: 4:00 - 10:00 AM UTC, Feb 10th, 2021 (2) To participate in Startup Sale, users will need to be VIP0 or above. (3) The price is 0.73 USDT/NUX (4) Users can place orders using USDT. (5)
Users can place orders from 4:00 AM UTC to - 10:00 AM UTC. Orders
placed by qualified users within these 6 hours will be treated equally. (6)
Users need to ensure that there is sufficient balance (exceeding the
purchase value) in accounts for the purchase after placing the orders.
An insufficient balance will result in the cancellation of the purchase
order. (7) Each type of currency can only purchase once with each KYC account. (8)
After 10:00 AM UTC, we will collect all the qualified orders and
calculate the result. The final result will be announced two hours later
at 12:00 PM UTC.(Please note: The 3.5% NUX token swill be released at
token release date, that is scheduled on 23 Feb, 2021. No transferable
NUX will be received immediately after the startup sale) (9)The fund raising target is 200K NUX. If the project cannot fulfill its fund-raising goal ($146,000 USDT)
within the given time, users will get refunded, and the project will not
get listed. If the total
valid orders exceeds 200K NUX, but no more than 2 million NUX, users
will receive the full amount of the NUX tokens they ordered. If the total valid orders exceeds 2 million NUX, users will receive a
portion of their ordered NUX, proportional to their ordered quantity to
the total ordered quantity.
4. The New Gate.io Startup Project Exchange Listing Rules Once
the Startup project fulfills its fundraising goal, Gate.io will enable
the trading service of the project. To decrease any amount of volatility
during the initial trading stage, we will apply the Call Auction
Mechanism. The rules are as follows:
(1) During the call auction, traders can place orders freely, but the
orders will not be active immediately. The real-time reference trading
price will be presented and calculated based on the Call-order price
from the largest amount of trades created. During this period, the order
book and the candlestick chart will show the related price range and
the market movement based on the real-time reference.
(2) During the first stage of call auction, traders are allowed to place orders and cancel orders freely.
(3) To avoid market manipulation, during the second stage of call
auction, orders can be placed freely by the traders, but order
cancellations are prohibited.
(4) When the call auction is finished, users will not be able to place
or cancel any orders. They will collect all the data and match the
orders. Buy orders with prices higher than the reference price and sell
orders with prices lower than the reference price will be matched and e
xecuted (a portion of the orders with a higher routed price may not be
matched). The remaining orders will go to the order book of the next
trading stage automatically.
(5) After the call auction data collection, the s ystem will enable trading activities.
For more details on the new Gate.io Startup Sale Participation Rules
and Startup Project Exchange Listing Rules, please see our previous
announcement. 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 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.
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