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Gate.io Startup Free Offering: KSM Starter (KST) and Announcement of Free Distribution Rules

2021-10-22 07:44:45 UTCRead:31151

Gate.io Startup Free Offering: KSM Starter (KST) and Announcement of Free Distribution Rules (32,538 KST free of charge)

About Gate.io Startup Free Airdrop Program: In order to reward platform users, Gate.io launched the "Startup Project Free Airdrop Program." Free airdrops for excellent blockchain projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens via airdrop benefits.

Gate.io Startup will launch its next project, KSM Starter (KST), on October 25th, 2021 at 02:00 AM(UTC).

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

Introduction to KSM Starter (KST)

KSM Starter is the primary launchpad on Kusama, aiming to onboard the most disruptive projects to the Polkadot’s canary network. With innovative products designed to protect, bring additional security, and bring true value to the community and the projects, KSM Starter is set to become a recognizable force in the early DeFi scene, and more than just a launchpad.

(The information below is provided by the KSM Starter team. Please follow website for more information

Token Information

Token name: KSM Starter Token

Token symbol: KST

Max Supply: 60,000,000 KST

Token Type: ERC-20

Token Contract: 0xBc17729fDf562723f0267F79FF25aDE441056d87

Token Distribution and Unlocking Rules:

*Team: 5%

1 year cliff, 20% vesting every quarter

*Marketing and Development: 15%

1 month cliff, followed by 10% unlock, then 10% linear monthly vesting

*Treasury: 10%

14 day cliff, then 10% unlock, followed by 5% linear monthly vesting

*Advisors: 4.5%

6 month cliff, then 5% linear monthly vesting

*Seed sale: 8.5%

5% at TGE, followed by 10% linear monthly vesting

*Private sale: 33.5%

7.5% at TGE, followed by 10% linear monthly vesting

*Public sale: 3%

20% at TGE, followed by 10% linear monthly vesting

*Float Liquidity: 2%

Unlocked at TGE

*Community Incentives: 18.5%

10% at TGE, followed by 10% linear monthly vesting

Website: https://ksmstarter.com/

Whitepaper: https://ksmstarter.com/wp-content/uploads/2021/09/ksm_starter.pdf

Token Information: https://etherscan.io/token/0xBc17729fDf562723f0267F79FF25aDE441056d87

KSM Starter Startup Sale Rules

(1) Duration: 02:00 AM-11:00 AM(UTC), October 25th, 2021 (Orders placed by qualified users within these 9 hours will be treated equally.)

(2) To participate in the Startup Sale, users will need to be VIP1 and above.

(3) Price: $0; Market Price(Reference): $1.8; Startup Supply: 32,538 KST

(4) Purchase limit: The maximum subion limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subion allocation is:

the maximum number of subions (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

(5) Unlocking Rule: Unlock

(6) Users place orders using USDT.

(7) Users can place orders from 02:00 AM-11:00 AM(UTC), October 25th, 2021. Orders placed by qualified users within these 9 hours will be treated equally.

(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) Each type of currency can only be purchased once with each KYC account.

(10) After 11:00 AM(UTC), 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.

(11) Trading starts time: 13:00 PM(UTC), October 25th, 2021

Gate.io Labs Investment Participating Disclosure

Gate.io Labs didn't invest in KSM Starter


(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 that your participation in the token sale on Startup complies with local laws and regulations.

(2) Risk Warning:

- The project team does not guarantee that the 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 uate 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 will open an Automated Market Maker (AMM ) for KST , and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from the liquidity pool transaction fee and GT token rewards from the liquidity reward pool. High annual rate rewards with security.

AMM Trading Market and AMM Liquidity Mining

Gate.io has launched a new version of the liquidity pool (centralized automated market maker (AMM) transaction service) on August 1st, 2021 by allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate.io will continue to add different currencies, please pay close attention to follow-up announcements.

The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:

1) Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)

2) A fixed percentage (such as 50%) of the transaction fee will automatically be changed into GT through the open market and put into the AMM Reward Pool.

3) Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.

4) Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.

5) Liquidity providers can take the bonus and withdraw at any time

Gate.io is a Cryptocurrency Trading Platform Since 2013

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Gate.io Team

October 22th, 2021

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