Gate.io Startup Initial Free Offering: Magikal.AI(MGKL)and Announcement of Free Distribution Rules( 50,000,000,000 MGKL free of charge)

Announcements Gate.io Startup Initial Free Offering: Magikal.AI(MGKL)and Announcement of Free Distribution Rules( 50,000,000,000 MGKL free of charge)

2023-03-27 11:35:19 UTC 21339 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 Magikal.AI(MGKL) 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 Magikal.AI(MGKL)**
Magikal.AI is the ultimate platform to generate NFTs using the latest artificial intelligence technology. The platform is accessible to anyone wishing to express themselves by creating top-quality designs as NFTs within minutes and with zero developer knowledge.

(The information below is provided by the Magikal.AI(MGKL) team. Please follow Magikal.AI(MGKL) for more information）
 
**Token Information**
Token Name: Magikal.AI
Token Symbol: MGKL
Max Supply：2,500,000,000,000
Token Type:BEP-20
Contract:https://bscscan.com/token/0x8abfa6a4f4b9865b0e7acfdce1839a2584636d06
Token distribution ratio and unlocking rules: 
Team 10%：TGE unlock 0%,3 months cliff,12 months monthly vesting
Liquidity 20%：TGE unlock 0%,Sufficient tokens for AMM listing will be unlocked. Rest will be non-circulating.
Staking/Rewards  10%：TGE unlock 0%
Private sale 20%：TGE unlock 0%,24h cliff,4 months monthly vesting
AIPAD IDO  40%：TGE unlock 16%,1 month cliff,3 months monthly vesting

*Please Note the Risks of Following Vesting

Website: https://www.magikal.ai/
WhitePaper ：N/A
 
**Magikal.AI(MGKL) Startup Sale Rules**
(1) Duration: 10:00 pm,27th,March, 2023 - 10:00 am,28th,March, 2023 (UTC)(Orders placed by qualified users within these 12 hours will be treated equally.)
(2) Trading Starts Time: 2:00 pm,28th,March, 2023 (UTC)
Trading Pairs: MGKL/USDT
(3) Price: 0 USDT
(4)Startup Supply :50,000,000,000 MGKL
(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 1500 shares; the relationship between the VIP level and the maximum contribution allocation,please refer to the link:https://www.gate.io/article/29892
(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.
（11）That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behaviour, and any cheating behaviour 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 Magikal.AI(MGKL) 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
March,27th, 2023

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