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    Gate.io Startup Free Offering: Karmaverse (KNOT) and Announcement of Free Distribution Rules( 300,000 KNOT free of charge)

    2022-03-28 05:19:14 UTCRead:64792
    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 Karmaverse (KNOT) 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 Karmaverse (KNOT)
    The Karmaverse is an SLG GameFi multiverse with various metaverses, such as Zombie, Old West, Cyberpunk, Fantasy World, etc. Each game metaverse contains 1 RPG and 1 SLG game and it is built around a unique theme, with a well-crafted art style, storyline, characters, music, and map system. It is developed by the team behind two of the top 10 SLG games in mobile gaming history. Karmaverse is about to launch its first large-scale blockchain SLG game, Karmaverse Zombie. Surviving humans have trained themselves to become fighters, banding together for survival in shelters and working to gradually eliminate the zombie threat.

    (The information below is provided by the Karmaverse (KNOT) team. Please follow
    Karmaverse (KNOT) for more information)

    Token Information
    Token name: KNOT
    Token symbol: KNOT
    Max Supply:210,000,000
    Token Type: Polygon
    Contract: TBD
    Token distribution ratio and unlocking rules:
    Seed: 7.8%, 5% unlocked at TGE, 6-month cliff, monthly vested in 12 months
    Private: 11.7%, 5% unlocked at TGE, 3-month cliff, monthly vested in 12 months
    Public Sale:1.1%, 50% unlocked at TGE, 50% unlocked at TGE+30 days
    Team: 10%, 12-month cliff, monthly vested in 12 months
    Advisor: 3%, 5% unlocked at TGE, 2-month cliff, monthly vested in 18 months
    Community: 3.8%, linearly vested in 36 months
    Ecosystem Fund: 3.4%, 15% unlocked at TGE, monthly vested in 18 months
    Liquidity: 5%, monthly vested in 9 months
    Play-to-Earn: 29%, linearly vested in 60 months
    Staking Rewards: 25.2%, linearly vested in 51 months

    Website: https://karmaverse.io
    Whitepaper: https://whitepaper.karmaverse.io/

    Karmaverse (KNOT) Startup Sale Rules
    (1) Duration: 10:00 AM March 28th, 2022 - 10:00 AM March 29th, 2022 (UTC) (Orders placed by qualified users within these 24 hours will be treated equally.)
    (2) Trading starts time: 12:30 PM March 29th, 2022 (UTC)
    Trading pairs: KNOT/USDT
    (3) Price: 0 USDT(Public Sale Price: $0.5)
    (4)Startup Supply: 300,000 KNOT
    (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 Karmaverse (KNOT) 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 KNOT, 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 security.

    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 bonuses and withdraw at any time

    Gate.io is a Cryptocurrency Trading Platform Since 2013
    Top ranking, Trustworthy, Transparent

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    Gate.io Team
    March 25th, 2022

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