Announcements Gate.io Startup Initial Free Offering: Midnight (NIGHT) and Announcement of Free Distribution Rule(4,000,000 NIGHT free of charge)

Gate.io Startup Initial Free Offering: Midnight (NIGHT) and Announcement of Free Distribution Rule(4,000,000 NIGHT free of charge)

2024-11-28 15:05:26 UTC 12997 Read

NIGHT/USDT -4.40%

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Gate.io has launched the “Startup Project Free Airdrop Program” in order to reward users. Free airdrops for potential blockchain projects will be launched in Startup from time to time, where users can get a variety of tokens via airdrop benefits.

User's participation funds will not be deducted for Startup project Midnight (NIGHT) free airdrop.

**1.How to Participate:**
Step 1: Login to your Gate.io account(Complete KYC2 verification)
Step 2: Hold no less than 10 USD of spot asset 
Step 3: Click "$0 Free to Claim"

**2.Midnight (NIGHT) Startup Participation Rules**
Duration: 16:00 PM November 28th, 2024 - 10:00 AM November 29th, 2024 (UTC) (Orders placed by qualified users within the subscription period will be treated equally.)
Trading starts time: 14:00 PM November 29th, 2024 (UTC)(Trading pair: NIGHT/USDT)
Fundraising Goal: $120,000USDT
Startup Supply: 4,000,000 NIGHT
Unlocking Rule: 100% Unlock
Participation Requirements: Complete KYC2 verification and the value of spot asset balance held is not less than 10 USD.
Startup Participation Rules:
(1) The higher the VIP level, the more Startup airdrop shares can be claimed. Each user can receive up to 8,000 shares. For specific information about available shares, please refer to: https://www.gate.io/help/guide/faq/25687/startup-faq
(2) Non-VIP Users can join the lucky draw of free airdrop by holding no less than 10 USD of spot assets, whether the Non-VIP Users win or not will be announced at the end of the project subscription. A portion of lucky Non-VIP Users will be randomly selected and the airdrop amount will be evenly distributed.
(3) The user's VIP level will be checked when the tokens are distributed. The actual share per user will receive is calculated according to the VIP Level when distribution happens.
(4)Announcement of results: After the subscription ends, the system will count all eligible subscription order and distribute the project tokens accordingly. Tokens for VIP users will be distributed according to the ratio of their valid subscription amount to the total valid subscription amount, while Non-VIP users will have a portion of lucky users randomly selected to evenly distribute the airdrop quota. The subscription results will be announced before listing.
Note: That mATRSple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behavior is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards: https://www.gate.io/announcements/article/37836
Learn more about the rules for available shares of different VIP levels: https://www.gate.io/help/guide/faq/25687/startup-faq
Check participation tutorial: https://www.gate.io/help/guide/functional_guidelines/22401/how-to-participate-in-startup

**3.Project Information** (The information below is provided by the Midnight (NIGHT) team. Please follow the Midnight (NIGHT) website for more information）
(1)Introduction：
The gaming world is currently extremely disjointed. If users want to play games, they must enter one world and then exit it in order to play another. There is no portability of progress and characters which users feel extreme attachment with. Furthermore, each game has an individual economy, preventing the porting of progress and creating a broad disjointment across the gaming space - there is a lack of interlinkage between games. 
 
With Evergreen, users can access the self-contained narratives and settings of individual games yet remain interconnected with the Evergreen companion app, port their characters across the Midnight ecosystem as well as their economic progress via the $NIGHT token.  Furthermore, Evergreen offers a singular location for the communities of all games to interact with. 
 
All of the aforementioned points see Evergreen act as the glue between MMO games, with Evergreen acting as the central hub for the future of MMO gaming globally.

More details: 
(2)Token name: Midnight
(3)Token symbol: NIGHT
(4)Max Supply: 3,000,000,000
(5)Token Type: Aptos
(6)Token Contract: https://explorer.aptoslabs.com/fungible_asset/0xef0d49f03e48dbd055c3a369f74a304c366bda148005ddf6bb881ced79da0b09?network=mainnet
(7)Token Distribution and Unlocked Rules:
Seed Round 13.02%: 5% TGE unlock, 6 months cliff, 14 months vesting
Angel Token 0.98%: 0% TGE unlock, 12 months cliff, 36 months vesting
Team and Advisors 21.88%: 0% TGE unlock, 12 months cliff, 36 months vesting
Community-Short Term Treasury 29.27%: 10% TGE unlock, 0 months cliff, 24 months vesting
Community-Long Term Treasury 22.61%: 0% TGE unlock, 24 months cliff, 72 months vesting
Exchanges and Liquidity 5.00%: 100% TGE unlock
Community Rewards 7.24%: 5% TGE unlock, 6 months cliff, 12 months vesting

(8)Website:  https://www.midnight.io/
(9)Whitepaper:  https://midnight.docsend.com/view/sr5hudfmdskfybg2

**4.Gate.io Labs Investment Disclosure**
Gate.io Labs has not invested in Midnight (NIGHT).

**5.Attention**
(1) Please be noted that we may restrict or prohibit the use of all or a portion of the Services (including the participation in this event, game or competition) from Restricted Locations, including but not limited to the United Kingdom, United States of America, Mainland China, Singapore, Canada, France, Germany, Hong Kong, Lithuania, Malaysia, Malta, Cuba, Iran, North Korea, Sudan, Syria, Crimea Region, Spain, Luhansk, Donetsk, Netherlands, Bolivia and so on.

We may in our sole and absolute discretion elect to make the Services, or only part of the Services available in certain jurisdictions. For more information regarding the Restricted Locations, please read the User Agreement “[Section 2.3(d) Restricted Locations](https://www.gate.io/user-agreement "Section 2.3(d) Restricted Locations")”. We do not intend to solicit or conduct marketing towards customers in such Restricted Locations.
(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 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
Nov 28th, 2024

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Gate.io Startup Initial Free Offering: Midnight (NIGHT) and Announcement of Free Distribution Rule(4,000,000 NIGHT free of charge)

Gate.io Startup Initial Free Offering: Midnight (NIGHT) and Announcement of Free Distribution Rule(4,000,000 NIGHT free of charge)

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