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Gate.io Startup Initial Offering: Idavoll Network (IDV)

2021-03-02 16:38:33Read:104442

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 Idavoll Network on March 3rd, 2021 at 4:00 AM UTC.

Startup Link: https://www.gate.io/en/startup/

1. Introduction to Idavoll Network
Idavoll Network is based on Substrate development framework running as a parachain on Polkadot. Idavoll Network has a set of pallets to achieve the management of DAOs: organization module; voting module; token module and finance module. By interconnecting the four main modules together, everyone can define a DAO which constrains how actions can be performed within the organization.

Click here to check out more: https://www.gate.io/en/startup/64

2.Token Information
(The information below is provided by Idavoll Network team. Please follow Idavoll Network to learn more)
Token name:Idavoll Network
Token symbol:IDV
Supply :2,000,000,000 IDV
Initial Circulation Supply: 10.51%
Token Type: ERC-20
Smart Contract: 0x92ec47df1aa167806dfa4916d9cfb99da6953b8f

Token allocation
Foundation Reserve: 15%
Founding Team: 15%
Eco Incentive: 20%
Miner Incentive: 25%
Private Sale: 25%

Prices of Private Token Sales
Seed Round: 0.002 USDT / IDV
Strategic Round: 0.004 USDT / IDV
Private Round: 0.005 USDT / IDV

Token use case:
For transaction fee, each transaction requires a certain amount of bandwidth to be included in the block and a certain amount of computing power to ute. For Idavoll court, a certain amount of IDV must be mortgaged to the Idavoll court before a disputed proposal is adjudicated. Also there are eco incentive and node verification.

website: https://idavoll.network/


3. IDV Startup Sales Rules

(1) Duration: 4:00 AM - 10:00 AM UTC, March 3rd, 2021 (Orders placed by qualified users within these 6 hours will be treated equally.)
(2) To participate in Startup Sale, users will need to be VIP1 and above.
(3) Price: $0.009 , Startup Supply :22,222,222 IDV, released 30% first moth, 30% second month, 40% third month.
(4) Purchase limit: The maximum individual purchase limit will be 555,556 IDV( about $5000).
(5) Users place orders using USDG
(6) Users can place orders from 4:00AM - 10:00 AM UTC, March 3rd . Orders placed by qualified users within these 6 hours will be treated equally.
(7) 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.
(8) Each type of currency can only purchase once with each KYC account.
(9) After 10:00 AM UTC, we will collect all the qualified orders and calculate the tokens distribution according to the ratio of the individual purchase orders to the purchase orders in total. The final result will be announced two hours later at 12:00 PM UTC, March 3rd, 2021.
(10) Trading starts : March 3rd 12:00 PM UTC
(11) Deposits opens: March 3rd, 12:00 PM UTC


Gate.io Labs Private Sale Participating Disclosure
(1) Capital : 30,000 USDT
(2) Price: 0.004 USDT
(3) Token release schedule: 20% unlocked before listing, the remaining unlocked over 4 months.

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 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.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.


Gate.io Team
March 2, 2021

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