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Announcements Gate.io Startup Initial Offering-DAO SHO Project- Pera Finance ( PERA )
Gate.io Startup Initial Offering-DAO SHO Project- Pera Finance ( PERA )
2021-07-05 02:20:21 UTC 76998 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.


Gate.io Startup will launch another DAO SHO project- Pera Finance sale on the July 6th, 2021 at 10:00 AM UTC.

Startup Link: https://www.gate.io/en/startup/137


Project Introduction
Pera Finance is a trading & yield farming protocol based on decentralized trading competitions. PERA token will be the proof of concept of the general trading protocol by which its underlying technology will be integrated for the other projects with their own trading competition for their tokens. Pera Finance brings a new type of trader-oriented yield farming protocol via decentralized trading competitions - a first-ever in DeFi. its modular and scalable smart contract solutions open a new era to build more robust financial ecos around customizable trading competitions. Pera Finance rewards its users according to their contribution to the eco by using different yield strategies including PERA and other partner projects' tokens.

Token Information
Ticker:PERA
Token Supply 70,500,000 + tbd by community
Initial Supply:8,812,500

Token Distribution
1. Seed Round 13.33%
2. Private Round 28.16%
3. SEED SHO 5.56%
4. Liquidity & Partners 15.68%
5. Eco Incentives 3.15%
6. Team 15.68%
7. Advisors 7.84%
8. Reserve 10.6%

Token Prices
Seed Round
Price:$0.08
Lock-up:20% unlocked at the TGE, then 20% on a quarterly basis
Private Round
Price:$0.10Lock-up:20% unlocked at the TGE, then 20% on a quarterly basis
Public Sale - SEED SHO
Price:$0.10
Lock-up:20% unlocked at the TGE, then 20% on a quarterly basis

Website: https://pera.finance/


Important Notice about Gate.io Startup Sale for Pera Finance:
1.Startup supply: 500,000 PERA; Vesting: 20% at the TGE, then 20% on a quarterly basis; Price: $0.1
2.Payment currency: USDG, Lockup currency: DAO
3.Eligible participants: agree to lock up DAO for a period of 15 days. Individual cap is 2K DAO.
4.Token distribution: participants get a proportional amount of PERA tokens to their share of DAO tokens locked up on Gate.io.
5.The PERA tokens will not be released until the Token Generation Event. Users won’t get any PERA token immediately after the Gate.io startup sale.
6.The startup sale is designed for Pera Finance’s DAO Maker SHO portion.
7.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 Pera Finance ’s DAO SHO Portion Sale on Gate.io’s Startup:
(1)Order Duration: July 6th 10:00:00 AM -July 7th 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 July 6th 10:00:00 AM -July 7th 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 PERA 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 July 7th 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 PERA 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 PERA 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.

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Gate.io Team

July 5, 2021

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