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    Gate.io Startup Initial Offering Sienna(WSIENNA)

    2021-05-03 08:06:45 UTCRead:148616
    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 Sienna(WSIENNA)
    Sienna Network is a privacy first DeFi protocol with an AMM (Automated Market Maker) Swap feature. A lending protocol and other features will be added later this year.
    Due to the blockchain technology, Sienna is scalable, which leads to very low GAS fees and almost instantaneous transactions. The privacy of the blockchain also prevents front-running.
    The privacy protect your wallet and transactions are only visible to you and not publicly available on the blockchain. You can still document your transaction history.

    Token Information
    Token name: Sienna
    Token symbol: WSIENNA
    Max Supply 10,000,000 WSIENNA
    Token Type: ERC-20
    Contract: TBA
    Token distribution ratio and unlocking rules:
    24% Founders
    ‍Vesting: Locked for 6 months, then remaining released daily over 20 months.
    20% Private sale
    ‍Vesting: Locked for 3 months, then released daily over 16 months.
    13% Development fund
    Vesting: Locked for 12 months, then remaining released daily over 24 months.
    2% Advisors
    ‍Vesting: Locked for 6 months, then released daily over 16 months
    2% Public sale
    200,000 tokens are allocated for the public sales on DAO Maker & Polkastarter.

    Website: https://sienna.network
    WhitePaper: https://drive.google.com/file/d/1m1Heb9aSCteLOQR8mXl6mmcOk47QR2yr/view

    Sienna Startup Event Rules
    (1) Duration: 15:00 4th May, 2021 - 13:00 5th May, 2021 (UTC)(Orders placed by qualified users within these 22 hours will be treated equally.)
    (2) Trading starts time: 16:00 5th May, 2021 (UTC)
    (3) Price: $6
    (4)Startup Supply : 3333.33 wSIENNA
    (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 at 16:00 5th May, 2021(UTC)

    Gate.io Labs Private Sale Participating Disclosure
    Gate.Io Labs participated in the Sienna investment.

    (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
    May 3, 2021

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