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Gate.io Startup Free Offering: Formation Fi(FORM) and Announcement of Free Distribution Rules(833,333.3 FORM free of charge)

2021-06-11 15:54:37Read:116697

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 Formation Fi(FORM) Startup subion is a free subion, and will not deduct the users' participation funds in the end of event.

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

Introduction to Formation Fi(FORM)
Formation Fi is a DeFi project that aims to take yield farming to another level by integrating the risk parity strategy first implemented by billionaire hedge fund manager Ray Dalio for stock markets. The yield farming protocol developed by Formation Fi distributes risk across multiple uncorrelated assets within the crypto space.


(The information below is provided by the Formation Fi(FORM) team. Please follow Formation Fi(FORM) for more information)
Token Information
Token name: Formation FI
Token symbol: $FORM
Max Supply:1,000,000,000
Token Type: ERC20
Contract: 0x21381e026Ad6d8266244f2A583b35F9E4413FA2a

Token distribution ratio and unlocking rules:
Reward Pool: 33% Up to 30% for 12 months, the rest for 5 years
Team: 25% 48-month Daily Vesting
Presale Community Participants: 15% 12-month Daily Vesting with 2+3 month cliff
Future Security and Maintenance of the Network: 10% 1-month Lockup, up to 5% per month thereafter
Advisora+consultants: 2% 48-month Daily Vesting
Public Offering(IDO): 0.83% Unlock at TGE
Liquidity: 1.2% Unlock at TGE
Treasury: 6% 1-month Lockup, 10% per month thereafter
Marketing: 1.97% 12-month Daily Vesting
Eco Development+Foundation:3% 12-month Daily Vesting
Eco Round:2% Above 10K USDT: Same as Presale Community Participants
Below 10K USDT: 10% Unlock at TGE+6 Month Daily Vesting

Website:
English: https://www.formation.fi
Chinese: https://www.formation.fi/ch
WhitePaper: https://docs.formation.fi/


Formation Fi Startup Sale Rules
(1) Duration: 04:00 13th June, 2021 - 04:00 14th June, 2021 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading pairs: FORM/USDT
(3) Price: 0 USDT (Public price: $0.03)
(4) Startup Supply: 833,333.3 FORM
(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 05:00 14th June, 2021(UTC).


Gate.io Labs Private Sale Participating Disclosure
Gate.Io Labs participated in the Formation Fi(FORM) 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.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
June 11, 2021

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