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    Gate.io Startup Free Offering: LABEL Foundation(LBL) and Announcement of Free Distribution Rules ( 10,488,117 LBL free of charge)

    2022-07-20 02:50:59 UTCRead:23778
    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, LABEL Foundation(LBL) , on July 21st 2022 at 06:00 AM (UTC).

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

    Introduction to LABEL Foundation(LBL)

    LABEL is an unparalleled NFT infrastructure built on top of Ethereum Network and BNB Chain, powered by LBL utility and governance token with a unified goal to establish a fair profit-sharing ecosystem with the permissionless integration of IP rights. LABEL provides a decentralized P2P incubating platform to invest in world-class entertainment-education content through the DAO voting system to further allow contributors to claim profits through the NFT shareholding mechanism.

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

    Token Information
    Token name: LABEL Foundation
    Token symbol: LBL
    Max Supply: 3,000,000,000 LBL
    Token Type: BEP-20, ERC-20
    Token Contract:
    Token Distribution and Unlocking Rules:
    *Seed Round:6.67%
    TGE: 10%, 45% vested over 6 months linearly since TGE;55% will be locked-up until June in 2024 and will be vested linearly for 12 months
    *Strategic Round:6.67%
    TGE: 10%, 50% vested over 6 months linearly since TGE ;50% will be locked-up until June in 2024 and will be vested linearly for 12 months
    *Private Round:5.00%
    TGE: 15%, 55% vested over 6 months linearly since TGE;45% will be locked-up until June in 2024 and will be vested linearly for 12 months,
    *Public Round:1.66%
    TGE: 40%, 60% linear vesting over 3 months
    TGE+1: 4%, then linear vesting over 48 months
    TGE: 2% ,TGE+1:6%;then linear vesting over 46 months
    TGE+1:6.67% ,TGE+2:4.45%;then linear vesting over 40 months
    TGE:4.75% , TGE+1:14.3% , TGE+2/TGE+3: 4.75%;then linear vesting over 30 months
    1 year cliff, release 8.33% every 2 months for 2 years
    1 year cliff, release quarterly by 25% for 1 year.

    Website: https://label.foundation/
    Whitepaper: https://label-foundation.gitbook.io/label-whitepaper-en/
    Token Information: https://etherscan.io/token/0x2162f572b25f7358db9376ab58a947a4e45cede1

    LABEL Foundation(LBL) Startup Sale Rules
    (1) Duration: 06:00 AM on July 21st-06:00 AM on July 22nd (UTC), 2022 (Orders placed by qualified users within these 24 hours will be treated equally.)
    (2) To participate in the Startup Sale, users will need to be VIP0 and above.
    (3) Price: $0; Startup Supply: 10,488,117 LBL
    (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 06:00 AM on July 21st-06:00 AM on July 22nd (UTC), 2022. Orders placed by qualified users within these 2 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 06:00 AM on July 22nd(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: 10:00 AM(UTC) on July 22nd, 2022

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

    (1) Countries not supported:USA, Canada, Malaysia, Singapore, Mainland China, Malta, Cuba, Iran, North Korea, Crimea, Sudan, Syria, Bangladesh, Bolivia.
    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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    Gate.io Team
    July 20th, 2022

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