Gate.io Startup Free Offering: CoinBurp(BURP) and Announcement of Free Distribution Rules(454,545 BURP free of charge)
This CoinBurp(BURP) Startup subion is a free subion, and will not deduct the users' participation funds in the end of event.
Startup Link: https://www.gate.io/startup
Introduction to CoinBurp(BURP)
Coinburp is a blend of utility and governance over the CoinBurp suite of products. In partnership with tech accelerator; Outlier Ventures, CoinBurp has raised $6M to turbo-charge the development and marketing presence of their all-new CeDeFi product; the CoinBurp platform. Alongside CoinBurp.com; their already-established CeFi website, CoinBurp are developing an ETH-based DeFi wallet - all underpinned by the utility, governance $BURP token and the DAO. The CoinBurp platform is set to bring together the world of CeFi and DeFi, unlocking decentralised finance services to the masses, such as Staking and NFTs, via their NFT Market and Raffle to win exclusive variable-rarity prizes.
(The information below is provided by the CoinBurp(BURP) team. Please follow CoinBurp(BURP) for more information）
Token name: CoinBurp
Token symbol: BURP
Max Supply: 500,000,000
Token Type: ERC20
Token distribution ratio and unlocking rules:
Seed Round - 2.50% - 12 months vesting
Presale/SAFT 1 - 5.00% - 9 months vesting
Presale/SAFT 2 - 7.50% - 6 months vesting
Presale/SAFT 3 - 2.00% - 4 months vesting
Public Sale - Up to 3.00% - Available from day 1
DAO Treasury General Purpose - 10.00% - 6 month cliff, 6.5 years vesting
DAO Treasury Intended for Staking - 8.00% - 6 month cliff, 6.5 years vesting
Staking Rewards - 20.00% - 7 years vesting
Eco Fund - 6.50% - 4 years vesting
Liquidity Provisioning - 1.50% - 3 months vesting
Advisors & Early Backers - 11.00% - 3 month cliff, 15 months vesting
Team - 25.00% - 3 month cliff, 45 months vesting
CoinBurp Startup Sale Rules
(1)Duration: 03:00 am 24th July, 2021 - 03:00 am 25th July, 2021 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2)Trading pairs: BURP/USDT
(3)Price: 0 USDT (Public price:$0.11)
(4)Startup Supply : 454,545 BURP
(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 04:00 25th July, 2021(UTC).
Gate.io Labs Private Sale Participating Disclosure
Gate.io Labs participated in the CoinBurp(BURP) 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.
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July 16, 2021
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