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Gate.io Startup Initial Offering-DAO SHO Project- XCAD Network (XCAD)

2021-05-12 13:45:02Read:473555

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.

Gate.io Startup will launch another DAO SHO project-XCAD Network sale on the 17th of May, 2021 at 10:00 AM UTC.

Startup Link: https://www.gate.io/en/startup/110


Project Introduction

XCAD Network provides creators with DeFi tools to create an incentivized economy by tokenizing the engagement of each creator's audience & their content. XCAD Network is also home to an exclusive NFT Marketplace for creators, enabling one-click creation of rare and limited edition NFTs.

Token Information
Ticker: XCAD
Total Supply: 200,000,000
Initial circulating tokens: 9,980,000

Token Distribution
Pre-Seed Round 2.28%
Seed Sale 18.45%
Liquiditiy 20.00%
Eco Incentives 20.00%
Team 10.00%
Partners & Advisors 8.00%
Foundation 21.28%

Token Prices
Pre-Seed Price: 0.055
Vesting: 6 month cliff, then 20% quarterly
SEED Price: 0.1
Vesting: 20% on TGE, then 20% quarterly

Token Economy
Powers XCAD CREATOR TOKEN DEX & NFT Market place
Multiply your content creator rewards by staking XCAD in Content Creator staking pools
Governance, Xcad holders decide on milestones of tokenized creators
Powers xcademy.com platform & Xcademy NFTs
Used to buy or farm NFTs in the NFT marketplace.

Website: https://xcademytoken.com/


Important Notice about Gate.io Startup Sale for XCAD Network:

1. Startup supply: 250,000 XCAD; Vesting: 20% at the TGE, then 20% on a quarterly basis; Price: $0.1
3. Payment currency: USDG, Lockup currency: DAO
4. Eligible participants: agree to lock up DAO for a period of 15 days. Individual cap is 2K DAO.
5. Token distribution: participants get a proportional amount of XCAD tokens to their share of DAO tokens locked up on Gate.io.
6. The XCAD tokens will not be released until the Token Generation Event. Users won’t get any XCAD token immediately after the Gate.io startup sale.
7. The startup sale is designed for XCAD Network’s DAO Maker SHO portion.
8. The cryptocurrency market is highly volatile. The project team does not guarantee that token price will not be lower than SHO price. Please invest with caution, and don't invest beyond your financial capacity.


Rules of XCAD Network ’s DAO SHO Portion Sale on Gate.io’s Startup:

(1) Order Duration: May 17th 10:00:00 AM -May 18th 2:00 AM UTC
(2) To participate in Startup Sale, users will agree to lock up DAO for a period of 15 days.
(3) The price is $0.1
(4) Users can place orders by agreeing to locking up DAO for 15 days
(5) Users can place orders from May 17th 10:00:00 AM -May 18th 2:00 AM UTC. Orders placed by qualified users within these hours will be treated equally.
(6) Users need to ensure that there is sufficient balance of DAO (the full amount you agree to lockup for 15 days) and USDG (amount to pay for XCAD token actually purchased) in accounts for the purchase after placing the orders. An insufficient DAO balance will result in the cancellation of the purchase order.
(7) Each individual can only purchase once with an account passing KYC.
(8) After May 18th 2:00 AM UTC, we will collect all the qualified orders and calculate the result and announce the result in 2 hours. USDG to pay for Participant’s XCAD token purchase will be deducted from the participant’s account and the amount of DAO the participant agrees to lockup when placing orders will be locked for 15 days.
Participants will receive a proportional amount of XCAD tokens to their share of DAO tokens locked up on Gate.io according to the token release schedule at the TGE (the token generation event, estimated in May ).

Example:
If the total DAO locked by all startup sale participants is 20,000 DAO. The total supply of new tokens offered on Gate.io startup sale is 1,000,000 new tokens. Token price is 0. 1 USDG per token. Participants are required to lock DAO for a period of 15 days.

If User A agreed to lock 500 DAO (by placing order) for a period of 15 days. Then,

User A’s share of the new tokens (also his share of DAO locked): 500/20,000=2.5%
Users A will receive new tokens: 2.5%X 1,000,000=25,000 new tokens.
User A’s USDG payment: the actual new token user A will receive X token price: 25,000X0. 1=2500 USDG

After the sale, user A’s 500 DAO will be locked for 15 days.
And USDG for purchase the new tokens will be deducted from User A’s spot account balance.


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 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 12, 2021

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