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    Gate.io Startup Free Offering: DEBT(DEBT) and Announcement of Free Distribution Rules( 10,261 DEBT free of charge)

    2022-11-30 04:12:46 UTCRead:14849
    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 DEBT(DEBT) 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 DEBT(DEBT)
    The D.E.B.T. ecosystem is a revolutionary decentralized eco-friendly blockchain technology network of autonomous software node operators who, together, create a blockchain ecosystem. D.E.B.T. software mining licenses offer owners the opportunity to be rewarded for contribution to the ecosystem through the projects of the user’s choice.
    The DEBT token is the central support and utility token for the D.E.B.T. ecosystem. Each project will have a swap pairing with the DEBT token. Other projects in the ecosystem are deflationary with transfer fees to support the network, discouraging frequent trading. Because of this, a token holder will be encouraged to transfer their project token value to the DEBT token before using it for trading and liquidity. With the central role it plays on the platform, DEBT will generate demand as more projects enter the ecosystem and token projects mature.

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

    Token Information
    Token Name: DEBT
    Token Symbol: DEBT
    Max Supply:50,000,000
    Token Type: BEP-20
    Contract: 0xC632F90affeC7121120275610BF17Df9963F181c
    Token distribution ratio and unlocking rules:
    To be rewarded for a full 24-hour mining cycle, a license holder must have an active DEBT software mining license connected to the internet that is online and regularly reporting activity to the mining server. Rewards are distributed based on a point system.
    Tokens are mined from the Ecosystem Growth Initiative (EGI) pool on a half-life schedule. Each annual cycle, half of the tokens in the EGI are mined to license holders based on a synthetic mining algorithm that functions like other proof of work algorithms, without excessive energy and hardware costs. Fifty percent (50%) of the daily distribution will be awarded to license holders, fifty percent (50%) will be awarded to the DEBT Council.
    The DEBT Council is responsible for managing the ecosystem and working to build value for all token holders. This is done by supplying liquidity to new markets, increasing the value of new projects and providing for the swap function in the future APP and exchange.

    Website: http://www.thedebtbox.com
    WhitePaper :https://assets.thedebtbox.com/web/lite-papers/DEBT-lite-paper.pdf

    DEBT(DEBT) Startup Sale Rules
    (1) Duration: 06:00 AM 5th December, 2022 - 06:00 AM 6th December, 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
    (2) Trading Starts Time: 09:00 AM 6th December, 2022 (UTC)
    Trading Pairs: DEBT/USDT
    (3) Price: 0 USDT
    (4)Startup Supply : 10,261 DEBT
    (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 DEBT(DEBT) 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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    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
    November 30th, 2022

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