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Announcements Gate.io Startup Initial Offering: Verso(VSO)
Gate.io Startup Initial Offering: Verso(VSO)
2021-04-24 02:03:04 UTC 156058 Read
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.

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

Introduction to Verso
Verso is a decentralized marketplace for centralized highly regulated financial industries (banks, e-wallets, insurance). Verso will allow millions of mainstream consumers to unlock easy and intuitive access to DeFi protocols without leaving the comfort of their preferred e-wallet app.
The company aims to unlock a multi billion-dollar market opportunity in the embedded finance sector enabling non-finance applications to offer financial products to their user base in a compliant manner, thus increasing their product’s stickiness and customer lifetime value. Verso maintains strict regulatory compliance by ensuring that products are only displayed to consumers who fit the eligibility criteria.


(The information below is provided by the Verso team. Please follow Verso for more information)
Token Information
Token name: Verso Token
Token symbol: VSO
Max Supply: 100,000,000 VSO
Token Type: Avalanche C-Chain
Contract: TBA
Token distribution ratio and unlocking rules:

Website: www.verso.finance
WhitePaper:https://verso.finance/docs/Verso_Whitepaper.pdf

Verso Startup Sale Rules
(1) Duration: 14:00 29th April, 2021 - 12:00 30th April, 2021 (UTC)(Orders placed by qualified users within these 22 hours will be treated equally.)
(2) Trading starts time: 14:00 30th April, 2021 (UTC)
(3) Price: $0.05
(4)Startup Supply :4,000,000VSO
(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 two hours later 14:00 30th April, 2021(UTC)


Gate.io Labs Private Sale Participating Disclosure
Gate.io Labs participated in the investment of Verso

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.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.


Gate.io Team
April 24, 2021

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