Gate.io Startup Initial Offering-DAO SHO Project- DinoX (DNXC)
Gate.io Startup will launch another DAO SHO project- DinoX sale on the July 26th, 2021 at 10:00 AM UTC.
Startup Link: https://www.gate.io/en/startup/143
DinoX is a unique blend of collectible, tradeable and interactable NFT dinosaurs living within a digital world built on the Ethereum and Polygon Networks.
DinoX is formed by a group of tech-savvy individuals with a major interest in blockchain technology, gaming, crypto, and at the same time with a major passion for dinosaurs. The team seeks to build a complex NFT gaming experience for collectors and players.
They're creating a game that is a mix of popular genres for both desktop and handheld devices. Set on the Islands of DINOX World, you will find yourself surrounded by various packs of living dinosaurs. The catch and core idea is that they live on the blockchain and you can digitally own them, take care of them, breed them, train them, and fight different creatures occupying the islands. Easy to learn how to play, but with a more complex game design to satisfy different player skill levels.
Eight thousand Dino eggs will be available to be farmed via the staking features when the MVP is released in the coming weeks.
Initial Token Circulation: 18,800,000
Blockchain Network: Ethereum & Polygon
Seed Round: 11%
Private Sale+SEED SHO: 21%
Partners & Advisors: 5%
Lock-up: 20% on TGE, 3 months cliff, 4.44% monthly distribution for 18 months
Lock-up: 20% on TGE, 3 months cliff, 4.44% monthly distribution for 18 month
Important Notice about Gate.io Startup Sale for DinoX:
1.Startup supply: 1,400,000 DNXC; Vesting:20% on TGE, 3 months cliff, 4.44% monthly distribution for 18 month; Price:$0.025
2.Payment currency: USDG, Lockup currency: DAO
3.Eligible participants: agree to lock up DAO for a period of 15 days. Individual cap is 20000 DAO.
4.Token distribution: participants get a proportional amount of DNXC tokens to their share of DAO tokens locked up on Gate.io.
5.The DNXC okens will not be released until the Token Generation Event. Users won’t get any DNXC token immediately after the Gate.io startup sale.
6.The startup sale is designed for DinoX’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 DinoX ’s DAO SHO Portion Sale on Gate.io’s Startup:
(1)Order Duration: July 26th 10:00:00 AM -July 27th 2:00 AM UTC
(2)To participate in Startup Sale, users should agree to lock up DAO for a period of 15 days.
(3)The price is $0.025
(4)Users can place orders by agreeing to locking up DAO for 15 days
(5)Users can place orders from July 26th 10:00:00 AM -July 27th 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 DNXC token actually purchased) in accounts 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 27th 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 DNXC 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 DNXC tokens to their share of DAO tokens locked up on Gate.io according to the token release schedule at the TGE.
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.
(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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July 23, 2021
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