Gate.io has launched Startup, a platform that aims to provide users with access to innovative and advanced projects. Traders now have more opportunities to make an initial investment.
Gate.io Startup will launch its next project with SubDAO (GOV) on Nov 4th, 2021 at 08:00 AM(UTC).
Startup Link: https://www.gate.io/en/startup
Introduction to SubDAO (GOV)
SubDAO is a DAO infrastructure based on Polkadot. It allows any decentralized organization to swiftly create and manage DAOs. We are committed to serving as a Web3.0 entry by providing blockchain-based digital agreement signing, DAO social networking, asset management, and other tools and services.
(The information below is provided by the SubDAO (GOV) team. Please follow website for more information）
Token Information
Token name: Governance
Token symbol: GOV
Max Supply: 1,000,000,000 GOV
Token Type: ERC20 (Substrate based token will launch after winning Polkadot Parachain Slot Auction)
Token Contract: 0x274e7eb07b485cfde53d02270555213447570ac6
Token Distribution and Unlocking Rules:
*Parachain Slot Auction: 30%
Reward Parachain Slot Auction contributors
*Airdrop: 3%
Reward users that have participated in Polkadot and Kusama governance, early community contributors, Testnet participators and so on
*Governance Mining: 27%
Incentivize early users of SubDAO through Governance Farming.
*Team: 10%
3 months cliff, then unlocked quarterly within 2 years
*Foundation: 15%
Unlocked quarterly within a year from TGE
*Seed Sale: 4%
20% unlocked at TGE, the remaining 80% unlocked quarterly within a year.
*Private Sale: 6%
30% unlocked at TGE, the remaining 80% unlocked quarterly within a year.
*Public Sale: 5%
50% unlocked at TGE, the remaining 50% unlocked after 3months
Website: https://www.subdao.network/
White Paper: https://drive.google.com/file/d/1iGufiGJ5JJ398kgRKET2sTIy-tcmq4c0/view?ths=true
Token Information: https://etherscan.io/token/0x274e7eb07b485cfde53d02270555213447570ac6
SubDAO (GOV) Startup Sale Rules
(1) Duration: 08:00AM, Nov 4th-08:00AM(UTC), Nov 5th, 2021 (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) To participate in Startup Sale, users will need to be VIP1 and above.
(3) Price: $0.15/GOV Startup Supply: 1,000,000 GOV
(4) Purchase limit: The maximum subion limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subion allocation is:
the maximum number of subions (not the final actual subion 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
(5) Unlocking Rule: 50% unlocked at TGE, the remaining 50% unlocked after 3months
(6) Users place orders using USDT.
(7) Users can place orders from 08:00AM, Nov 4th-08:00AM(UTC), Nov 5th, 2021. Orders placed by qualified users within these 24 hours will be treated equally.
(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) Each type of currency can only purchase once with each KYC account.
(10) After Nov 5th,08:00AM(UTC), 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.
(11) Trading starts time: TBD
Gate.io Labs Investment Participating Disclosure
Gate.io Labs invested in SubDAO.
Attention
(1) Countries not supported: Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Burundi, Burma, Canada, China, Democratic Republic of Congo, Cuba, Ethiopia, Guinea-Bissau, Guinea, Iran, Iraq, Japan, Liberia, Lebanon, Libya, Macedonia, Malaysia, New Zealand, Serbia, Sri Lanka, Sudan, Somalia, Syria, Thailand, Trinidad and Tobago, Tunisia, Uganda, Ukraine, United States of America, Venezuela, Yemen, Zimbabwe.
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 e valuate 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.
Gate will open an Automated Market Maker (AMM ) for GOV, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from the liquidity pool transaction fee and GT token rewards from the liquidity reward pool. High annual rate rewards with security.
AMM Trading Market and AMM Liquidity Mining
Gate.io has launched a new version of the liquidity pool (centralized automated market maker (AMM) transaction service) on August 1st, 2021: allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate.io will continue to add different currencies, please pay close attention to follow-up announcements.
The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:
1) Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
2) A fixed percentage (such as 50%) of the transaction fee will automatically be changed into GT through the open market and put into the AMM Reward Pool.
3) Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.
4) Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.
5) Liquidity providers can take bonus and withdraw at any time
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Gate.io Team
Nov 1st, 2021
