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Gate io Startup Initial Offering Lever Network(LEV)

2021-04-28 16:26:27Read:129230

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.gateio.ch/startup

Introduction to Lever Network
Lever is essentially an open-source margin trading platform where you can lend, borrow and perform leveraged trading to either buy long/sell short an asset in just one place. Compared with dYdX, it offers greater liquidity and better trading experience.


(The information below is provided by the Lever Network team. Please follow Lever Network for more information)
Token Information
Token name: Lever Token
Token symbol: LEV
Max Supply: 100,000,000 LEV
Token Type: ERC-20
Contract: Under audit
Seed Round 6%: (5% at the TGE, then quarterly vesting 10%.)
Private Round 3%: (10% at the TGE, then quarterly vesting 10%.)
IDO 1%: (100% at the TGE.)
Auction 2%: (100% at the TGE.)
Team 15%: (15% after half a year cliff, then then quarterly vesting 10%.)
VC Round 9%: (0% at the TGE, then subject to future vesting schedule.)
Eco 15%: (5% at the TGE, then monthly vesting 3%. )
Strategic Reserve 6%: (0% at the TGE, then subject to future vesting schedule.)
Airdrop 3%: (1% at the TGE, then subject to future vesting schedule.)
Liquidity Mining 40%: (Vesting through liquidity mining over a time of period of
4 years.)

Website:https://lever.network/
Light Paper:https://lever.network/Light-Paper.pdf


Lever Network Startup Sale Rules
(1) Duration: 12:00 5th May, 2021 - 18:00 5th May, 2021 (UTC)(Orders placed by qualified users within these 6 hours will be treated equally.)
(2) Trading starts time: 12:00 10th May, 2021 (UTC)
(3) Price: $0.5
(4)Startup Supply :50,000 LEV
(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) After 18:00 5th May, 2021(UTC), 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 20:00 5th May, 2021(UTC)


Gate.io Labs Private Sale Participating Disclosure
Round: Private Sales II


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 28, 2021

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