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    Gate.io Startup Free Offering: Elastos (ELA)and Announcement of Free Distribution Rules( 47,904ELA free of charge)

    Creation Time:2022-09-28 11:00:44 UTCRead:11115

    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 Elastos (ELA)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 Elastos (ELA)
    Elastos is building a new internet where all communication of data is peer-to-peer, all storage of data is decentralized, and all ownership of data is verifiable with blockchain immutability and smart contract capability. This is the platform for a Modern Internet: a fully interoperable infrastructure designed for decentralized applications, backed by the hashpower of BTC, and fully capable of utilizing smart contracts. This technological breakthrough provides the first completely safe environment on the web where decentralized applications are detached from the internet while also permitting full scalability to billions of users. Elastos enables the generation of wealth through ownership and exchange of your data and digital assets. Welcome to the new Smart Web, where safety and economic distribution can flourish on the internet.

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

    Token Information
    Token Name: Elastos
    Token Symbol: ELA
    Max Supply:28,220,000
    Token Type: Native Token
    Contract:
    Native Token (ELA):
    Contract - N/A (native token)
    Native Explorer: https://blockchain.elastos.org/
    Elastos Smart Chain (ESC ELA):
    Contract: 0x517E9e5d46C1EA8aB6f78677d6114Ef47F71f6c4
    ESC Explorer: https://eth.elastos.io/
    Ethereum ELA (ERC-20 ELA):
    Contract: 0xe6fd75ff38adca4b97fbcd938c86b98772431867
    ETH Explorer: https://etherscan.io/token/0xe6fd75ff38Adca4B97FBCD938c86b98772431867
    Token distribution ratio and unlocking rules:
    15% angel investors,locked for one year.
    24% private and public,50% of the private offering tokens were locked for half a year
    11% Elastos foundation – development activities
    50% ecosystem development – After the community voted, it was transferred to Cyber Republic for ecosystem development

    Website: https://www.elastos.org/en/
    WhitePaper :https://www.elastos.org/downloads/A_New_Internet_For_A_New_Era_An_Elastos_Overview_Web_Quality.pdf

    Elastos (ELA) Startup Sale Rules
    (1) Duration: 04:00am 29th Sep, 2022 - 04:00am 30th Sep, 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
    (2) Trading Starts Time: 07:00am 30th Sep, 2022 (UTC)
    Trading Pairs: ELA/USDT
    (3) Price: 0
    (4)Startup Supply : 47,904 ELA
    (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 Elastos (ELA) investment.
    Attention
    (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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    Gate.io Team
    Sep. 28th, 2022

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