NFT Fraction Token（Phase II）: Bored Ape Yacht Club (IBAYC) has officially landed at Gate.io

Announcements NFT Fraction Token（Phase II）: Bored Ape Yacht Club (IBAYC) has officially landed at Gate.io

2022-12-30 10:18:46 UTC 38066 Read

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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 BAYC Fraction Token(IBAYC) 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 BAYC Fraction Token(IBAYC)**
It is well known that the top tier of NFT has long suffered from high prices and low liquidity.
To solve this problem Gate.io creatively proposed a solution with NFT Fraction Token
The top NFT anchored in this issue is: Bored Ape Yacht Club (BAYC)
The Bored Ape Yacht Club NFTs are a collection of 10,000 unique Bored Ape Non Fungible Tokens. A Bored Ape serves as your access to the Yacht Club, and gives access to many members-only features, the first of which is access to THE BATHROOM, a collaborative graffiti board. BAYC is one of many NFT collections by Yuga Labs and has quickly become a cultural phenomenon.
In the future, Gate.io plans to support even more top-tier NFT's, so let's see!

(The information below is provided by the BAYC Fraction Token(IBAYC) team. Please follow BAYC Fraction Token(IBAYC) for more information）

**Token Information**
Token Name: BAYC Fraction Token
Token Symbol: IBAYC
Max Supply: Each BAYC work will be fragmented into 10,000 IBAYC tokens
Token Type: ERC-20
Contract: TBD

**BAYC Fraction Token(IBAYC) Startup Sale Rules**
(1) Duration: 06:00 am 3rd Jan, 2023 - 06:00 am 4th Jan, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 09:00 am 4th Jan, 2023 (UTC)
Trading Pairs: IBAYC/USDT
(3) Price: 0 USDT
(4) Startup Supply : 1086.95 IBAYC
(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 500 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 BAYC Fraction Token(IBAYC) 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
Dec 30th, 2022

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