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    Gate.io Startup Initial Free Offering: KubeCoin(KUBE) and Announcement of Free Distribution Rules ( 384,615 KUBE free of charge)

    Creation Time:2022-07-09 12:43:35 UTCRead:37920

    About Gate.io Startup Free Airdrop Program
    In order to reward platform users, Gate.io launched the "Startup Project Free Airdrop Program". Free airdrops for excellent blockchain projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens via airdrop benefits.

    Gate.io Startup will launch its next project, KubeCoin(KUBE), on July 10th, 2022 at 08:00 AM (UTC).

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

    Introduction to KubeCoin(KUBE):
    KubeCoin is the cryptocurrency that is revolutionizing the travel and leisure industries, built on Cardano.
    KubeCoin is an extensive ecosystem of over 7 projects with real-world applicability, including FlyKube, EatKube, KubePay, NFT Collection, NFT Marketplace and KubeIn.
    We aim to continue developing our projects and expand our ecosystem to make cryptocurrencies adoptable in the real world.

    (The information below is provided by the KubeCoin team. Please follow the website for more information)

    Token Information
    Token name: KubeCoin
    Token symbol: KUBE
    Max Supply: 480,000,000 KUBE
    Token Type: Cardano
    Token Contract: a26022096c6a8052987dabbfa94849ab7886cf0bb7840044e017d5be
    Token Distribution and Unlocking Rules:
    *Pre-sale 1: 4%
    Unlock 10% per day for 10 days starting from August 14
    *Pre-sale 2: 4%
    Unlock 5% per day for 20 days starting from October 15
    *Pre-sale 3: 8%
    Unlock 10% per day for 10 days starting from September 14
    *Liquidity: 10%
    Fully unlocked after one year locked
    *Board: 10%
    TGE 0%, locked for 1 year, unlocked quarterly for 3 years
    *Burn: 10%
    Locked for one year, then at the discretion of the finance team in conjunction with the financial advisor
    *Ecosystem Expansion: 4%
    100% TGE
    *Public offering: 36%
    Listing 0%, expected to be up to 5% per month after initial exchange listing.
    *ICO: 14%
    Unlocked starting January 15, 2023 10% per day for 10 days

    Website: https://kubecoin.org
    Token Information: https://cardanoscan.io/token/a26022096c6a8052987dabbfa94849ab7886cf0bb7840044e017d5be4b756265436f696e

    KubeCoin Startup Sale Rules
    (1) Duration: 08:00 AM on July 10th-08:00 AM on July 11th (UTC), 2022(Orders placed by qualified users within these 24 hours will be treated equally.)
    (2) To participate in the Startup Sale, VIP 0 users need to hold a minimum of 500 USD worth of assets, and will be offered the contribution share at 1/4 of VIP 1 users’ share; For VIP 1 and above, the higher the VIP level the higher the contribution share will be.
    (3) Price: $0; Startup Supply:384,615KUBE
    (4) 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:
    VIP1 users can subscribe up to 1 * 1 * 10 = 10 shares
    VIP2 users can subscribe up to 2 * 2 * 10 = 40 shares
    VIP3 users can subscribe up to 3 * 3 * 10 = 90 shares
    (5) Unlocking Rule: Unlock
    (6) Users place orders using USDT.
    (7) Users can place orders from 08:00 AM on July 10th-08:00 AM on July 11th (UTC), 2022. Orders placed by qualified users within these 24 hours will be treated equally.
    (8) 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.
    (9) Each type of currency can only be purchased once with each KYC account.
    (10) After 08:00 AM on July 11th (UTC), 2022, 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.
    (11) Trading starts time:12:00 PM(UTC) on July 11th, 2022

    Gate.io Labs Investment Participating Disclosure
    Gate.io Labs didn’t invest in KubeCoin

    (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.

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    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
    July 9th, 2022

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