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    Gate.io Startup Initial Free Offering: Crafting Finance (CRF) and Announcement of Free Distribution Rules (2,000,000 CRF free of charge)

    Creation Time:2021-12-13 09:53:57 UTCRead:61462

    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, Crafting Finance (CRF), on December 16th, 2021 at 08:00 AM(UTC).

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

    Introduction to Crafting Finance (CRF)

    Crafting is an innovative synthetic asset issuance and trading platform.

    Crafting supports the issuance of synthetic assets such as options futures and other derivatives, stablecoins and bonds, as well as fragmented assets from NFT and even more complex programmable synthetic assets.

    Crafting uses a Synthetix-like SDP trading format that aggregates the liquidity of individual assets (trading pairs) and enables zero-slip trading.

    As a synthetic asset issuance platform, Crafting requires asset pledges to generate synthetic assets, and Crafting supports pledges of multiple assets, including BTC/ETH/DOT and even NFT, such as Punk and various Gamefi game assets, which can bring in more users.

    The adapted WASM VM developed based on INK! is currently ready to be deployed on Near, Solana, Acala and Plasm.

    (The information below is provided by the Crafting Finance team. Please follow the website for more information)

    Token Information

    Token name: Crafting Finance

    Token symbol: CRF

    Max Supply: 2,000,000,000 CRF

    Token Type: ERC-20

    Token Contract: 0x508df5aa4746be37b5b6a69684dfd8bdc322219d

    Token Distribution and Unlocking Rules:

    *Liquidity Incentive: 40%

    Mining to unlock, 5 years mining period

    *Marketing: 6%

    Due to real usage by DAO

    *Seed Round: 3%

    10% release at TGE, 21%/22%/23%/24% every quarter

    *Private Round: 8%

    20% release at TGE, 20% every quarter

    *IDO: 0.2%

    100% release at TGE

    *Reserved tokens: 7.8%

    To be determined by the DAO

    *Advisors: 5%

    10% release every quarter after 1 year lockup

    *Team: 15%

    10% release every quarter after 1 year lockup

    *Initial Liquidity: 1%

    100% release at TGE

    *Eco Partners: 14%

    Due to real usage by DAO


    Whitepaper: https://bafybeibxzbpnbt7erzoe43u5jqkzplzu3647q2h3yfg4xbeu7xpn26fnra.ipfs.dweb.link/

    Token Information: https://etherscan.io/token/0x508df5aa4746be37b5b6a69684dfd8bdc322219d

    Crafting Finance Startup Sale Rules

    (1) Duration: 08:00 AM on December 16th (UTC), 2021 - 08:00 AM on December 17th (UTC), 2021. (Orders placed by qualified users within these 24 hours will be treated equally.)

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

    (3) Price: $0; Public Sale Price: $0.04; Startup Supply: 2,000,000 CRF

    (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: Release 50% on 17th December ,then release the rest 50% on 7th January

    (6) Users place orders using USDT.

    (7) Users can place orders from 08:00 AM on 16th December (UTC), 2021 - 08:00 AM on 17th December (UTC), 2021. Orders placed by qualified users within these 24 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 08:00 AM on 17th December (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: 01:00 PM on 17th December (UTC), 2021

    Gate.io Labs Investment Participating Disclosure

    Gate.io Labs invested in Crafting Finance


    (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 CRF, 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

    December 13th, 2021

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