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    Announcements Gate.io Startup Free Offering: Starcoin(STC) and Announcement of Free Distribution Rules (334,000STC free of charge)

    Gate.io Startup Free Offering: Starcoin(STC) and Announcement of Free Distribution Rules (334,000STC free of charge)

    2021-05-26 09:08:31 UTC 252534 Read
    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.

    Gate.io Startup will launch its next project with Starcoin on June 3rd 04:00 AM(UTC),2021.

    Startup Link: https://www.gate.io/en/startup

    Introduction to Starcoin
    Starcoin is a decentralized hierarchical smart contract network. It aims to provide a secured digital asset and a decentralized financial operation platform so that the blockchain can be applied in more fields with a lower threshold.Starcoin is inspired by Facebook's 2019 Libra project, it is the industry's first public permissionless blockchain project to support the Move eco.Starcoin inherits Bitcoin's superior security mechanism and provides the ability to deliver high transaction throughput by improving the PoW algorithm and introducing a hierarchical network.


    (The information below is provided by the Starcoin team. Please follow website for more information)
    Token Information
    Token name: Starcoin
    Token symbol: STC
    Max Supply: 3,185,136,000STC
    Token Type: Mainnet
    Token Contract: N/A
    Token distribution and unlock method:
    159,256,800 STCs (5%) are withdrawn and transferred to the Starcoin Foundation account (0xA550C18) and will be distributed to early investors.
    A linear withdrawal right with a 3-year release period of 255,129,390 STCs (8%) will be issued to the Starcoin Foundation for ecological construction.
    A linear withdrawal right with 3-year release period of 222,641,010 STCs (7%) will be issued to the Starcoin Foundation for core project development.
    All other tokens (80%) are awarded to the PoW miners.(1% / year)

    Website:https://starcoin.org


    Starcoin(STC) Startup Sale Rules
    (1) Duration: 4:00AM (UTC), June 2nd, 2021 - 10:00 AM(UTC), June 2nd, 2021 (Orders placed by qualified users within these 6 hours will be treated equally.)
    (2) To participate in Startup Sale, users will need to be VIP1 and above.
    (3) Price: 0 USDT. Startup Supply : 334,000STC
    (4) Purchase limit: The maximum subion limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subion allocation is:
    the maximum number of subions (not the final actual subion number) = the square of the VIP level multiplied by 10. For example:
    VIP2 users can subscribe up to 2 * 2 * 10 = 40 shares
    VIP3 users can subscribe up to 3 * 3 * 10 = 90 shares
    (5) Users place orders using USDT.
    (6) Users can place orders from 4:00AM (UTC), June 2nd, 2021 - 10:00 AM(UTC), May 2nd, 2021. Orders placed by qualified users within these 6 hours will be treated equally.
    (7) Users need to ensure that there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders until we announce the sale result. An insufficient balance will result in the cancellation of the purchase order.
    (8) Each type of currency can only purchase once with each KYC account.
    (9) After 10:00 AM(UTC), May 2nd, 2021, we will collect all the qualified orders and distribute the tokens according to the ratio of the individual purchase orders to the purchase orders in total. The final result will be announced two hours later at 12:00 PM(UTC), June 2nd, 2021.
    (10) Trading starts time: June 3rd 4:00 AM(UTC),2021.


    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 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 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
    May 26, 2021

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