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    Gate.io list Gas DAO (GASDAO)

    Creation Time:2021-12-30 09:54:04 UTCRead:57404

    Gate.io is going to commence Gas DAO (GASDAO) trading on Dec 30th, 2021 5:00AM UTC.

    About Gas DAO:
    Gas DAO’s purpose is simple: to be the heartbeat and voice of the Ethereum network’s active users through on and off-chain governance, launched as a decentralized autonomous organization with a free and fair initial distribution 100x bigger than the original DAO. The eligible wallets form a broad union between the most active users in Defi, DApps and NFTs, giving Gas DAO the potential to be one of the most diverse and impactful communities in the history of Web3 — The Potential is Limitless.

    Token Information
    Token name: Gas DAO
    Token symbol: GASDAO
    Max Supply: 1,000,000,000,000 GASDAO
    Token Type: ERC20
    Token Contract: 0x6bba316c48b49bd1eac44573c5c871ff02958469
    Token Distribution and Unlocking Rules:
    *55% airdropped to 634,429 eligible wallets according to the following formula rewarding network usage based on a snapshot ending at block 13880000 (December 26th, 2021):
    *Minimum of $1559 USD spent on transaction fees
    *Allocation is proportional to .1 * min(eth, 7.6) + .8 * min(usd, 105000) + .1 * min(tx count, 745)
    *30% Reserved for the DAO Treasury available immediately
    *15% Reserved for 25 Core Contributors with the following vesting schedule:
    *80% Vesting linearly in a Timelock Contract over 6 months
    *20% available immediately
    *You have until May 1st 2022 to claim your ΞGASDAO Tokens. Any unclaimed tokens will be swept into the Gas DAO Treasury.

    Website: https://www.gasdao.org/
    Token Information: https://etherscan.io/token/0x6bba316c48b49bd1eac44573c5c871ff02958469

    About Gas DAO (GASDAO) list
    Gas DAO (GASDAO) Trading starts: Dec 30th, 2021 5:00AM UTC
    Deposit Gas DAO (GASDAO) at:https://www.gate.io/cn/myaccount/withdraw/GASDAO
    Trade Gas DAO (GASDAO) in USDT market via:https://www.gate.io/cn/trade/GASDAO_USDT

    Notce: As the token is gradually released, the price may continue to fall

    Gate.io is a Cryptocurrency Trading Platform Since 2013
    Top ranking, Trustworthy, Transparent
    Gate will open an Automated Market Maker (AMM ) for GASDAO, 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: 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 bonus and withdraw at any time

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    Gate.io Team
    Dec 30th, 2021

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