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 Xfinite Entertainment Token(XET) Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of event.
Startup Link: https://www.gate.io/startup
Introduction to Xfinite Entertainment Token(XET)
Xfinite is a blockchain based decentralized entertainment ecosystem that aims to revolutionize digital entertainment. Xfinite democratizes premium content and NFTs via 2 platforms - Mzaalo AVOD and Mzaalo NFT.
Mzaalo AVOD platform is a watch-to-earn video-on-demand platform offering premium content (12,000+ movies as well as music, originals, and live TV) to 2mn+ users.
Mzaalo NFT platform is India’s largest entertainment NFT marketplace that enables community ownership of curated IPs and media assets. The platforms will also integrate interactive advertisements, content and fan management modules for celebrities, digital rights management module for content owners and E-stores for brands / celebrities. The ecosystem is powered by the Xfinite Entertainment Token (XET), Xfinite ecosystem’s native currency and smart contracts built on the Algorand blockchain. Xfinite is also the First Media-Entertainment Distributed Ledger Technology (DLT) Platform to enter Dubai’s Regulated Virtual Asset Regime. Xfinite’s entry into a regulated regime presents a huge advantage to enable mass adoption of Xfinite’s platforms as well as the XET token.
(The information below is provided by the Xfinite Entertainment Token(XET) team. Please follow Xfinite Entertainment Token(XET) for more information）
Token Name: Xfinite Entertainment Token
Token Symbol: XET
Token Type: ASA (Algorand Standard Asset)
Token distribution ratio and unlocking rules:
Community Rewards 28.75%: lock for 6 months and release in 60 months
Staking Rewards 11.25%:lock for 6 months and release in 60 months
Strategic Partners 25.00%:lock for 6 months and release in 24 months
Token Sale 25.00%:lock for 3 months and release in 36 months
Team & Advisors 10.00%: lock for 6 months and release in 60 months
Xfinite Entertainment Token(XET) Startup Sale Rules
(1) Duration: 10:00am 3rd Sep, 2022 - 10:00am 4th Sep, 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 12:00pm 4th Sep, 2022 (UTC)
Trading Pairs: XET/USDT
(3) Price: 0 USDT
(4)Startup Supply : 33,333,333 XET
(5) Users purchase using USDT.
(6) Unlock rule: 100% unlock.
(7) To participate in Startup Sale, VIP 0 users need to hold no less than 500 USD worth of Spot Assets in balance, and the number of share will be 1/4 of VIP 1 users’ share;
The higher the VIP tier, the more shares.
For VIP 1 and above, the higher the VIP level the higher the contribution share will be.
Each user can only purchase once with 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 hasn't participated in the Xfinite Entertainment Token(XET)investment.
(1) Countries not supported: the United States, 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 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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August 31st, 2022