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    Gate.io Startup Free Offering: Single Finance(SINGLE) and Announcement of Free Distribution Rules (3,000,000 SINGLE free of charge)

    2022-01-14 01:32:58 UTCRead:64675
    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 Single Finance Startup contribution is a free contribution, and will not deduct the users' participation funds at the end of the event.

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

    Introduction to Single Finance
    Single Finance is a super intuitive platform for all your DeFi investments, minimizing correlations with the general market. Our signature strategy is a pseudo-market-neutral strategy. Everything here, including capital protection and return calculation, is worked out from your injected capital in USD. Everything is visualized. And everything is at your fingertips. We also launched LP Time Machine, a performance analytics tool for liquidity pools across all EVM compatible chains. The tool shows the full breakdown of backward-simulated P & L (based on capital marked to USD), including LP rewards, DEX reward tokens, and value change due to the price impact.

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

    Token Information
    Token name: SINGLE Token
    Token symbol: SINGLE
    Max Supply:1,000,000,000
    Token Type: CRC-20
    Contract: https://cronos.crypto.org/explorer/address/0x0804702a4E749d39A35FDe73d1DF0B1f1D6b8347
    Token distribution ratio and unlocking rules:
    Mining Reserve: 40% (400,000,000 SINGLE) will be reserved for mining Rewards of lending and leveraged yield farming; Minting starts from the product launch day; Mint all within 3 years with a half year halvening mechanism.
    Partnership & Ecosystem: 22.3% (223,000,000 SINGLE) will be reserved for paying strategic expenses including listing fees, audits, marketing fees, and extra rewards for ecosystem and partners, etc, mint all tokens and vest 5% of the minted tokens at TGE day and lock one month til product launch day. Vest the rest of the minted tokens within 2 years.
    Team: 22% (220,000,000 SINGLE) will be reserved for continuous development, mint all and vest 1% at TGE day, and lock one month till product launch day. Vest the rest within 2 years.
    Liquidity Pool: 2% (20,000,000 SINGLE) will be reserved for expanding Liquidity Pairs across different AMMs/DEXs. Mint and vest all tokens at TGE day.
    Seed & Private Sales: 10.7% (107,000,000 SINGLE) will be reserved for providing initial liquidity and bootstrap fees. Mint all tokens and vest 10% of the minted tokens at TGE day. Vest the rest of the minted tokens per 3 months within 1 year.
    IDO: 1% (10,000,000 SINGLE) will be reserved for lending pool assets to bootstrap our strategy. Mint all tokens at TGE day and vest all to IDO participants at IDO day.
    Advisors: 2% (20,000,000 SINGLE) will be reserved for Single Finance Advisors. Mint all tokens and vest 10% of the minted tokens at TGE day. Vest the rest of the minted tokens per 4 months within 2 years.

    Whitepaper: https://singlefinance.gitbook.io/single-finance/

    Single Finance Startup Sale Rules
    (1) Duration: 07:00 AM January 19th, 2022 - 07:00 AM January 20th, 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
    (2) Trading starts time: 10:00 AM January 20th, 2022 (UTC)
    Trading pairs: SINGLE/USDT
    (3) Price: 0 USDT(Public Sale Price: $0.05)
    (4)Startup Supply: 3,000,000 SINGLE
    (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 contribution limit for a single user is 1000 shares; the relationship between the VIP level and the maximum contribution allocation is:
    the maximum number of contributions (not the final actual contribution 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 not participated in the Single Finance(SINGLE) 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 SINGLE, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from liquidity pool transaction fee 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 13th, 2022

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