Gate.io Startup Free Offering: LeisureMetaverse (LM) and Announcement of Free Distribution Rules( 251,623 LM free of charge)

Announcements Gate.io Startup Free Offering: LeisureMetaverse (LM) and Announcement of Free Distribution Rules( 251,623 LM free of charge)

2023-03-14 00:16:05 UTC 15821 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 LeisureMetaverse (LM) 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 LeisureMetaverse (LM)**
LeisureMetaverse’s business blueprints are NFT marketplace playNomm, LM Wallet (DID), LM Nova, and Metaverse city. 
NFT holders become the members of LM Nova, DAO platform, using LM Wallet to receive rewards and manage their assets. 
Although LeisureMetaverse operates its own blockchain, LM token on its blockchain and the ERC20 LM token on Ethereum are interchangeable through the gateway between LeisureMetaverse and Ethereum. LeisureMetaverse blockchain is designed to overcome limitations of existing blockchain such as inconvenient NFT minting and trading, low extensibility as DAO platform, high gas fee and uncomfortable UX.

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

**Token Information**
Token Name: LeisureMetaverse
Token Symbol: LM
Max Supply：5,000,000,000 LM
Token Type: ERC 20
Contract: https://etherscan.io/address/0x7bec98609cb6378d6f995e8f8097ee78376fbec9
Token distribution ratio and unlocking rules: 
DAO: 60%, Linearly monthly over 60 months from 23.03.25.
Sale: 10%, 1% is released at 23.02.23, 9% will be released at 23.03.25, and from 23.04.24, 10% will be released linearly monthly over 9 months.
Ecosystem: 13%, Linearly monthly over 20 months from 23.08.22.
Team & Advisor: 10%, Linearly monthly over 20 months from 23.08.22.
Biz Partners: 5%, Linearly monthly over 20 months from 23.08.22.
PR: 2%, 100% is released at TGE (22.04.25).

Website: https://leisuremeta.io/
WhitePaper: https://d3j8b1jkcxmuqq.cloudfront.net/leisuremeta/pdf/LM_WHITEPAPER_ENG.pdf

**Leisure Metaverse (LM) Startup Sale Rules**
(1) Duration: 23:00 pm 14th March, 2023 - 23:00 pm 15th March, 2023 (UTC)
(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 02:00 am 16th March, 2023 (UTC)
Trading Pairs: LM/USDT
(3) Price: 0 USDT
(4)Startup Supply: 251,623 LM
(5) Unlock rule: 100% unlock.
(6) 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 a KYC account.
(7) Purchase limit: The maximum contribution limit for a single user is 1500 shares; the relationship between the VIP level and the maximum contribution allocation, please refer to the link: https://www.gate.io/article/29892
(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) 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.
(10) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behavior is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.

**Gate.io Labs Private Sale Participating Disclosure**
Gate.io Labs hasn't participated in the LeisureMetaverse (LM) 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 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
March,14th, 2023

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