Gate.io Startup Initial Offering: SonarWatch (SONAR)
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 its next project with SonarWatch (SONAR) on Nov 19th, 2021
at 10:00 AM(UTC).
Startup
Link: https://www.gate.io/en/startup
SonarWatch
is a tracking tool on Solana Blockchain on which you can track all your assets
in one place.
Sonar is
the most accurate tracking tool on Solana with 15+ protocols and 500+ pools and
farms tracked. Display your NFT collection, look up for the top gainers of the
ecosystem, manage all your addresses at once.
(The
information below is provided by the SonarWatch (SONAR) team. Please follow
website for more information）
Token
Information
Token
name: SonarWatch
Token
symbol: SONAR
Max Supply: 100,000,000 SONAR
Token
Type: SPL
Token
Contract: sonarX4VtVkQemriJeLm6CKeW3GDMyiBnnAEMw1MRAE
Token
Distribution and Unlocking Rules:
*Mining
reserves: 40%
Diluted in
multiple farms over several years (50% of remaining reserves diluted each year)
*Team: 20%
1 year cliff, then linearly
vesting for 12 months.
*Investors: 20%
10% at TGE, 6 months cliff, then
linearly vested for 12 months
*IDO/IEO: 5%
Unlocked
*Treasury: 10%
Used for MM
*Marketing: 3%
Release according to marketing
*Airdrop: 2%
Unlocked
Website: https://sonar.watch
White
Paper: https://sonar.watch/docs/Sonar_Litepaper.pdf
Token
Information: https://explorer.solana.com/address/sonarX4VtVkQemriJeLm6CKeW3GDMyiBnnAEMw1MRAE
(1)
Duration: 10:00AM, Nov 19th - 10:00AM, Nov 20th (UTC), 2021 (Orders placed by qualified users
within these 24 hours will be treated equally.)
(2) To
participate in Startup Sale, users will need to be VIP1 and above.
(3) Price: $0.20/SONAR Startup Supply: 1,000,000 SONAR
(4)
Purchase limit: The maximum subscription limit for a single user is 1000
shares; the relationship between the VIP level and the maximum subscription
allocation is:
the
maximum number of subscriptions (not the final actual subscription 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)
Unlocking Rule: Unlocked
(6) Users
place orders using USDT.
(7) Users
can place orders from 10:00AM, Nov 19th - 10:00AM, Nov 20th (UTC), 2021. Orders placed by qualified users
within these 24 hours will be treated equally.
(8) 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.
(9) Each
type of currency can only purchase once with each KYC account.
(10)
After 10:00AM on Nov 20th (UTC), 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.
(11)
Trading starts time:10:00 AM on Nov 22nd (UTC)
Gate.io
Labs invested in SonarWatch.
(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 the 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 will
open an Automated Market Maker (AMM ) for SONAR, and launch an AMM
"liquidity-mining" rewards. Users who provide market liquidity by
inserting liquidity in will get rewards from the liquidity pool transaction fee
and GT token rewards from the liquidity reward pool. High annual rate rewards
with security.
AMM Trading Market and AMM Liquidity Mining
Gate.io
has launched a new version of the liquidity pool (centralized automated market
maker (AMM) transaction service) on August 1st, 2021: allowing most of the new
currency and non-mainstream currency markets to obtain the same liquidity advantage
as Uniswap, and allows users to enjoy the low-cost and high-quality user
experience of the centralized platform. Gate.io will continue to add different
currencies, please pay close attention to follow-up announcements.
The rules
for markets to upgrade to the Automated Market Maker (AMM) model are as
follows:
1) Fixed
0.3% commission fee for both Taker and Maker (temporarily consistent with
Uniswap, subject to the needs of both market parties)
2) A fixed
percentage (such as 50%) of the transaction fee will automatically be changed
into GT through the open market and put into the AMM Reward Pool.
3) Anyone
can become a liquidity provider (LP) and get the transaction fee rewards from
the liquidity pool and the GT rewards that are invested in the liquidity bonus
pool.
4)
Liquidity providers provide liquidity to the market, but they need to bear in
mind the risk of impermanent losses. For example, if the market price doubles,
the impermanence loss is about 7%, and if the market price drops back to the
original point, the impermanence loss disappears.
5)
Liquidity providers can take bonus and withdraw at any time
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Follow us
on social media
Twitter: https://twitter.com/gate_io
Telegram：https://t.me/gateio
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Gate.io
Team
Nov 16th, 2021
Introduction
to SonarWatch (SONAR)
SonarWatch (SONAR) Startup Sale Rules
Gate.io Labs Investment Participating Disclosure
Attention
Gate.io is
a Cryptocurrency Trading Platform Since 2013
