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Announcements Gate.io Startup Free Offering: CouponBay(CUP) and Announcement of Free Distribution Rules ( 11,337,868 CUP free of charge)

Gate.io Startup Free Offering: CouponBay(CUP) and Announcement of Free Distribution Rules ( 11,337,868 CUP free of charge)

2022-07-27 12:45:15 UTC 33686 Read
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, CouponBay(CUP) , on July 28th 2022 at 04:00 AM (UTC).

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

Introduction to CouponBay(CUP)
CouponBay is a global pioneer in the ‘mobile exchange ticket’ market. CouponBay is a global project that leads the market formed in the region by participating one step ahead of the growth of the mobile exchange ticket market. Coupon Bay is a subsidiary of GiftLetter. GiftLetter is in charge of issuing and processing mobile exchange tickets, and CouponBay is in charge of developing various ecosystems and platforms for distribution and user convenience.

(The information below is provided by the team. Please follow the website for more information)

Token Information
Token name: CouponBay
Token symbol: CUP
Max Supply: 1,000,000,000CUP
Token Type: ERC-20
Token Contract: 0x3209d14Ff61766359E64aceFf91877cEC2AD968E
Token Distribution and Unlocking Rules:
*Founder and Team: 35%
TGE:4.29%, TGE+1: 7.71% ;3 months cliff, then monthly vesting for 31 months
*Token Sale: 20%
3.78% at TGE, then monthly vesting for 35 months
*Partners: 10%
6% at TGE, monthly vesting from +2M to +10M, 13M to +22M and +25M to +33M
*Rewards: 20%
7.5% at TGE, 2 months cliff, then monthly vesting for 33 months
*Ecosystem : 10%
1 month cliff, then monthly vesting for 22 months
*Reserve: 5%
1 month cliff, then monthly vesting for 29 months

Website: https://www.cupcoin.io
Whitepaper: https://www.cupcoin.io/cup_whitepaper_en
Token Information: https://etherscan.io/token/0x3209d14Ff61766359E64aceFf91877cEC2AD968E

CouponBay(CUP) Startup Sale Rules
(1) Duration: 04:00 AM on July 28th-04:00 AM on July 29th (UTC), 2022 (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) To participate in the Startup Sale, users will need to be VIP0 and above.
(3) Price: $0; Startup Supply: 11,337,868 CUP
(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:
VIP1 users can subscribe up to 1 * 1 * 10 = 10 shares
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: Unlock
(6) Users place orders using USDT.
(7) Users can place orders from 04:00 AM on July 28th-04:00 AM on July 29th (UTC), 2022. 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 be purchased once with each KYC account.
(10) After 04:00 AM on July 29th(UTC), 2022, 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: 08:00 AM(UTC) on July 29th, 2022

Gate.io Labs Investment Participating Disclosure
Gate.io Labs didn’t invest in CouponBay

(1) Countries not supported:USA, Canada, Malaysia, Singapore, Mainland China, Malta, Cuba, Iran, North Korea, Crimea, Sudan, Syria, Bangladesh, Bolivia.
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 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
July 27th, 2022

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