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    Gate.io Startup Free Offering: Infinity Skies (ISKY) and Announcement of Free Distribution Rules( 454,546 ISKY free of charge)

    Create Time:2022-01-07 01:28:58 UTCRead:48954

    About Gate.io Startup Free Airdrop Program In order to reward platform users, Gate.io launched the "Startup Project Free Airdrop Program", and free airdrops for blockchain excellent projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens airdrop benefits.
    This Infinity Skies Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of the event.

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

    Introduction to Infinity Skies
    In Infinity Skies, players will build, socialize, trade, and undertake numerous adventures. Players will compete to build the most prestigious castle in the community while collecting rare NFT decorations, skins, and building components. They own their island in the sky on which they can build their castle and allow other users to visit. The ultimate goal is to become the King of Infinity Skies.

    (The information below is provided by the Infinity Skies team. Please follow Infinity Skies for more information)

    Token Information
    Token name: Skyblocks
    Token symbol: ISKY
    Max Supply:100,000,000
    Token Type: ERC-20
    Contract: TBD
    Token distribution ratio and unlocking rules:
    Seed Round: 10%, unlock15% at TGE, then vesting every month at a ratio of 3.54% during 24 months linearly
    Private Round: 15%, unlock15% at TGE, then vesting every month at a ratio of 3.54% during 24 months linearly
    Public Round: 1%, fully unlock at TGE
    Company Reserve: 10%, locked up for 24 months, then vesting every month at a ratio of 5.88% during 17 months linearly
    Team & Advisor: 20%, locked up for 6 months, Then vesting every month at a ratio of 2.777% during 36 months linearly
    Liquidity: 5%, unlock 10% on TGE, then vesting for 12 months at a ratio of 7.5% linearly
    Marketing Fund: 15%, unlock 16.66% at TGE, then vesting during the 2nd-6th month at a ratio of 6.66% linearly, vesting during the 7th-12th month at a ratio of 3.33% linearly, vesting during the 13th-18th month at a ratio of 2% linearly, vesting during 19th-30th month at a ratio of 1.5% linearly
    Play to Earn: 24%, unlock 0.416% at TGE, vesting during the 2nd-6th month at a ratio of 0.416% linearly, vesting during the 7th-12th month at a ratio of 0.833 linearly, vesting during the 13th-18th month at a ratio of 1.25% linearly, vesting during the 19th-30th month at a ratio of 2.08% linearly, vesting during the 31st-54th month at a ratio of 2.5% linearly

    Website: https://infinityskies.io/
    Whitepaper: https://infinityskies.io/whitepaper.pdf

    Infinity Skies Startup Sale Rules
    (1) Duration: 12:00 PM 12nd January 2022 - 12:00 PM 13th January 2022 (UTC) (Orders placed by qualified users within these 24 hours will be treated equally.)
    (2) Trading starts time: 09:00 AM 14th January 2022 (UTC)
    Trading pairs: USDT/ISKY
    (3) Price: 0 USDT(Public Sale Price: $0.22)
    (4)Startup Supply: 454,546 ISKY
    (5) Users purchase using USDT.
    (6) Unlock rule: 100% unlock.
    (7) To participate in Startup Sale, users will need to be VIP1 and above, can only purchase once with each KYC account.
    (8) Purchase limit: The maximum subscription limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subscription allocation is:
    the maximum number of subscriptions (not the final actual subscription 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
    (9) 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.
    (10) 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 before trading starts.

    Gate.io Labs Private Sale Participating Disclosure
    Gate.io Labs has participated in the Infinity Skies 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 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 evaluate 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 ISKY, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from liquidity pool transaction fees and GT token rewards from liquidity reward pool. High annual rate rewards with secure.

    AMM Trading Market and AMM Liquidity Mining
    Gate.io has launched a new version of the liquidity pool (centralized automatic 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
    Gate.io is a Cryptocurrency Trading Platform Since 2013
    Top ranking, Trustworthy, Transparent

    Sign up to enter the crypto gateway and get 40% commission from referrals
    Download iOS/Android App right now.

    Follow us on social
    Twitter: https://twitter.com/gate_io
    Telegram: https://t.me/gate_io
    Podcast: https://gateio.buzzsprout.com/?ch=buzzs

    Gate.io Team
    January 6th, 2022

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