Gate.io Startup Free Offering: Internet of Energy Network (IOEN) and Announcement of Free Distribution Rules(2,000,000 IOEN free of charge)
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.
This Internet of Energy Network (IOEN) Startup subion is a free subion, and will not deduct the users' participation funds in the end of event.
Startup Link: https://www.gate.io/startup
Introduction to Internet of Energy Network (IOEN)
The Internet of Energy Network (IOEN) is a community-led network that enables connection and value exchange between any energy device, user, or market. The is backed by the IOEN token.
Using blockchain and Holochain technology, IOEN enables homes anywhere to function together as an intelligent, cooperative electricity . By connecting homes in this way, they become a local, virtual energy microgrid. Any energy device, whether generation devices like solar panel s, storage devices like batteries, or consumption devices like household appliances can be connected within the microgrid network. Together, they coordinate energy effectively, creating a secure, reliable, and scalable minigrid that unlocks the opportunity for more renewable energy within the local network.
(The information below is provided by the Internet of Energy Network (IOEN) team. Please follow Internet of Energy Network (IOEN) for more information）
Token Information
Token name: Internet of Energy Network
Token symbol: IOEN
Max Supply：1,000,000,000
Token Type: ERC20
Contract: TBC
Token distribution ratio and unlocking rules:
Seed: 4% 0% at TGE, 1 monthly cliff then monthly unlock for 12 months.
Equity Investors: 0.67% 0% at TGE, 1 monthly cliff then monthly unlock for 12 months.
Private: 11.33% 0% at TGE, 1 monthly cliff then monthly unlock for 12 months.
Strategic: 0.5% 0% at TGE, 1 monthly cliff then monthly unlock for 12 months.
Public: 2% 100% unlock at TGE
Marketing: 10% Locked for 1 month, then weekly release for 24 months.
Reserve: 11.5%
Advisors and Legal: 5%
Team: 15%
Tiered Discounts: 35%
Community Incentives: 5%
Website: https://www.ioen.tech
IOEN Startup Sale Rules
(1) Duration: 12:00 PM 13th October, 2021 - 12:00 PM 14th October, 2021 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 1:00 PM 14th October, 2021 (UTC)
Trading pairs: IOEN/USDT, IOEN/ETH
(3) Price: 0 USDT(Public price: $0.025)
(4)Startup Supply : 2,000,000 IOEN
(5) Users purchase using USDT.
(6) To participate in Startup Sale, users will need to be VIP1 and above,can only purchase once with each KYC account.
(7) Purchase limit: The maximum sub-scrip-tion limit for a single user is 1000 shares; the relationship between the VIP level and the maximum sub-scrip-tion allocation is:
the maximum number of sub-scrip-tions (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
(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) 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 participated in the Internet of Energy Network (IOEN) investment.
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 will open an Automated Market Maker (AMM ) for IOEN, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liqudity in will get rewards from liquidity pool transaction fee and GT token rewards from liquidity reward pool. High annual rate rewards with secure.
AMM Trading Market and AMM Liquidity Mining
Gate.io has launched a new version of the liquidity pool (centralized automatic 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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Gate.io Team
Oct. 12th, 2021
