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    Gate.io Startup Free Offering: Bit.Store(STORE) and Announcement of Free Distribution Rules( 1,000,000 STORE free of charge)

    Creation Time:2022-01-27 10:27:25 UTCRead:56983

    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 Bit.Store(STORE) 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 Bit.Store
    Bit.Store is a SocialFi investment platform designed with beginner investors in mind. The platform gives its users access to global digital currency markets quickly and easily by supporting different money transfer methods via cooperation with a wide network of regional payment providers. The app provides a variety of features, including social trading, following, and copy trading strategies published by seasoned experts in the space, and allows experts to monetize their contribution to the platform. At the time of writing, Bit. Store has managed to achieve a milestone of 500K active users (by Dec 2021) across Europe and Southeast Asia and continues its rapid expansion into markets worldwide.

    (The information below is provided by the Bit.Store(STORE) team. Please follow Bit.Store(STORE) for more information)

    Token Information
    Token name: STORE
    Token symbol: STORE
    Max Supply:1,000,000,000
    Token Type: ERC-20
    Contract:0x31ea0de8119307aA264Bb4b38727aAb4E36b074f
    Token distribution ratio and unlocking rules:
    1. First Round Private Sale: 10%, linearly released in 5 years
    2. Second Round Private Sale:10%, linearly released in 5 years
    3. Team Incentive:15%, linearly released from the 2nd year, with 3.3% every quarter
    4. Liquidity Incentive: 35%, 95% of this part will not be released in the first year
    5. Ecosystem Fund: 15%, 95% of this part will not be released in the first year
    6. Advisor: 5%, not be released in the first year
    7. Other Marketing Parts: 10%, not be released in the first year

    Website:https://www.bit.store
    WhitePaper: http://www.bit.store/bitstore/file/BitStore_WhitePaper.pdf

    Bit.Store Startup Sale Rules
    (1) Duration: 10:00 AM January 25th, 2022 - 10:00 AM January 26th, 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
    (2) Trading starts time: 13:00 PM January 26th, 2022 (UTC)
    Trading pairs: STORE/USDT
    (3) Price: 0 USDT(Sale Price: $0.01)
    (4)Startup Supply : 1,000,000 STORE
    (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 Bit.Store(STORE) investment.

    Attention
    (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 STORE, 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/gateio
    Instagram:https://www.instagram.com/gateioglobal
    Medium:https://medium.com/@gateio

    Gate.io Team
    January 25th, 2022

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