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Announcements Gate.io Startup Initial Free Offering: Bnext (B3X) and Announcement of Free Distribution Rules(7,500,000 B3X free of charge)

Gate.io Startup Initial Free Offering: Bnext (B3X) and Announcement of Free Distribution Rules(7,500,000 B3X free of charge)

2022-09-02 14:02:34 UTC 43486 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 and airdrop benefits.

This Bnext (B3X) Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of the event.

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

Introduction to Bnext (B3X)
Bnext is the leading Spanish financial platform, it has a Web 3.0 strategy, leveraging its product release on the blockchain, in order to innovate better, cheaper, and faster products.
With the ambition to make financial services accessible to the Spanish-speaking world by levering on the blockchain, Bnext plans to expand its operations to Latam, kickstarting by capturing a market share of the remittances corridors between Spain and Latam ($18bn per year). Through our crypto-remittances proprietary product, backed by Algorand protocol (both in product development and through significant equity investments), Bnext plans to disrupt this billion-dollar market by offering the cheapest (1.5% fee) and fastest (5 seconds) way to send money to LatAm, with top-notch UX.

Bnext launched its IEO in March 2022 becoming the first and only financial platform to issue a token and the second largest in Spain. Using B3X as the company’s growth driver, the utility token will provide extraordinary benefits to token holders, helping increase buy pressure. Bnext it’s facing TGE with an incredible amount of live utilities (+10), and new product releases concentrate on utility type and level.

Bnext also holds an Electronic Money Issuer license issued by the Bank of Spain and passported through the entire EU. In addition to offering Spanish IBAN and virtual and physical debit cards, it provides 7 categories of proprietary and third-party products through its Marketplace. In addition to the Marketplace products, Bnext provides the ability to buy and sell cryptocurrency and is actively working on creating leveraged Blockchain and crypto products such as remittances, lending, and investing.
In addition, users can benefit from cashback through its Loyalty program for making payments with the card at selected merchants.

(The information below is provided by the Bnext (B3X) team. Please follow Bnext (B3X) for more information)

Token Information
Token Name: Bnext
Token Symbol: B3X
Max Supply:3,500,000,000
Token Type: ASA (Algorand)
Contract: https://algoexplorer.io/asset/663905154
Token distribution ratio and unlocking rules:
Private Phase: 15%, locked until Sep 13th + 6 months vesting
Public Phase 1: 14%, locked until Sep 13th + 6 months vesting
Public Phase 2: 11%, locked until Sep 13th + 6 months vesting
Reserve: 10%, 50% unlocked at TGE // 50% Locked until March 2023 +12 months vesting
Treasury Shares: 10%, locked until March 2023 +12 months vesting
Advisors: 10%, locked until March 2023 +12 months vesting
Team: 10%, locked until March 2023 +12 months vesting
R&D: 20%, locked until March 2023 +12 months vesting

Website: https://bnext.es/token/
Whitepaper: https://bnext.es/uploads/landing/Whitepaper-Bnext_ENG.pdf?v=2

Bnext (B3X) Startup Sale Rules
(1) Duration: 09:00 AM 12th September 2022 - 09:00 AM 13th September 2022 (UTC) (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 12:00 PM 13th September 2022 (UTC)
Trading Pairs: B3X/USDT
(3) Price: 0 USDT
(4)Startup Supply: 7,500,000 B3X
(5) Users purchase using USDT.
(6) Unlock rule: 100% unlock.
(7) To participate in Startup Sale, VIP 0 users need to hold no less than 500 USD worth of Spot Assets in balance, and the number of shares will be 1/4 of VIP 1 users’ share;
The higher the VIP tier, the more shares.
For VIP 1 and above, the higher the VIP level the higher the contribution share will be.
Each user can only purchase once with KYC account
(8) Purchase limit: The maximum contribution limit for a single user is 1000 shares; the relationship between the VIP level and the maximum contribution allocation is:
the maximum number of contributions (not the final actual contribution 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
(9) 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.
(10) 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 before trading starts.

Gate.io Labs Private Sale Participating Disclosure
Gate.io Labs hasn't participated in the Bnext (B3X) investment.

(1) Countries not supported: the United States, Canada, Malaysia, Singapore, Mainland China, Malta, Cuba, Iran, North Korea, Crimea, Sudan, Syria, Bangladesh, and 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
Sep 02nd, 2022

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