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Gate.io Startup Initial Offering-DAO SHO Project-ORAO Network (ORAO)
Gate.io Startup Initial Offering-DAO SHO Project-ORAO Network (ORAO)
2021-03-20 08:46:22 UTC
411727 Read
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 second DAO SHO project- Orao Network sale on March 22，2021 at 4:00 AM UTC.
Startup Link: https://www.gate.io/en/startup/71
Introduction to Orao Network
Orao Network is a Polkadot native oracle service for custom data feeds. Its substrate based blockchain provides a large variety of secure data at high speed in real-time, everything from local weather data to the outcome of football matches with maximum scalability for any blockchain.
website：https://orao.network/
whitepaper: https://orao.network/Whitepaper
DAO Marker Research: https://daomaker.com/sho/orao
Token Information
Token Name： Orao Network
Token symbol: ORAO
Total Supply: 1,000,000,000 (1 billion)
Initial Circulating supply: 4.625%
Token Distribution
SHO: 6.67%
Pre-Seed: 10%
Seed:9%
Strategic:6%
Private Sale:4%
Customer Incentives:6%
Partners&Advisors:10%
Reserve:3.33%
Liquidity:5%
Team:20%
Validator Rewards:20%
Token Prices
Pre-Seed
Pre-Seed Price: $0.001
Pre-Seed Lock-up: 7.5% at the TGE, 7.5% per month
Seed
Seed Price: $0.003
Seed Lock-up: 7.5% at the TGE, 7.5% per month
Strategic Round
Strategic Round Price: $0.006
Strategic Round Lock-up: 10% at the TGE, 10% per month
Private Sale
Private Sale Fundraised: $360,000
Private Sale Price: $0.009
Private Sale Lock-up: 15% at the TGE and 15% per month and 10% the last month
Strong Holder Offering
Sale Allocation: $1,000,000
Sale Price: $0.015
Sale Lock-up: 15% at the TGE and 15% per month and 10% the last month
Token Utilities
Data curators and validators must stake ORAO tokens to be qualified. Data consumers must pay for data products in ORAO tokens.
Important Notice about Gate.io Startup Sale for ORAO :
1. Startup supply: 8,333,333 ORAO ($125,000) Vesting: 15% at TGE, 15% per month for 5 months, and 10% on the last month
2. Price: $0.015
3. Payment currency: USDG, Lockup currency: DAO
4. Eligible participants: agree to lock up DAO for a period of 15 days. Individual cap is 20K DAO.
5. Token distribution: participants get a proportional amount of ORAO tokens to their share of DAO tokens locked up on Gate.io.
6. The ORAO tokens will not be released until Token Generation Event. Users won’t get any ORAO token immediately after the Gate.io startup sale.
7. The startup sale is designed for ORAO Network’s DAO Maker SHO portion.
8. The cryptocurrency market is highly volatile. The project team does not guarantee that token price will not be lower than SHO price. Please invest with caution, and don't invest beyond your financial capacity.
Rules of ORAO Network’s DAO SHO Portion Sale on Gate.io’s Startup：
(1) Order Duration: March 22nd 4:00AM – March 24th 4:00 AM UTC
(2) To participate in Startup Sale, users will agree to lock up DAO for a period of 15 days.
(3) The price is $0.015 USDG/ORAO
(4) Users can place orders by agreeing to locking up DAO for 15 days
(5) Users can place orders from March 22nd 4:00 AM – March 24th 4:00 AM UTC. Orders placed by qualified users within these 48 hours will be treated equally.
(6) Users need to ensure that there is sufficient balance of DAO (the full amount you agree to lockup for 15 days) and USDG (amount to pay for ORAO token actually purchased) in accounts for the purchase after placing the orders. An insufficient DAO balance will result in the cancellation of the purchase order.
(7) Each individual can only purchase once with an account passing KYC.
(8) After March 24th 4:00 AM UTC, we will collect all the qualified orders and calculate the result and announce the result in 2 hours. USDG to pay for Participant’s ORAO token purchase will be deducted from the participant’s account and the amount of DAO the participant agrees to lockup when placing orders will be locked for 15 days.
Participants will receive a proportional amount of ORAO tokens to their share of DAO tokens locked up on Gate.io according to token release schedule at the TGE (the token generation event, to be announced).
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 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 20, 2021
Get 40% of all referees' trading fees in the affiliate program at https://www.gate.io/referral
Click to Sign up ：https://www.gate.io/m#/register
Download it now at: https://www.gate.io/mobileapp
Follow us on social
Facebook: https://facebook.com/gateioglobal
Twitter: https://twitter.com/gate_io
Telegram：https://t.me/gateio
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Gate.io Startup will launch its second DAO SHO project- Orao Network sale on March 22，2021 at 4:00 AM UTC.
Startup Link: https://www.gate.io/en/startup/71
Introduction to Orao Network
Orao Network is a Polkadot native oracle service for custom data feeds. Its substrate based blockchain provides a large variety of secure data at high speed in real-time, everything from local weather data to the outcome of football matches with maximum scalability for any blockchain.
website：https://orao.network/
whitepaper: https://orao.network/Whitepaper
DAO Marker Research: https://daomaker.com/sho/orao
Token Information
Token Name： Orao Network
Token symbol: ORAO
Total Supply: 1,000,000,000 (1 billion)
Initial Circulating supply: 4.625%
Token Distribution
SHO: 6.67%
Pre-Seed: 10%
Seed:9%
Strategic:6%
Private Sale:4%
Customer Incentives:6%
Partners&Advisors:10%
Reserve:3.33%
Liquidity:5%
Team:20%
Validator Rewards:20%
Token Prices
Pre-Seed
Pre-Seed Price: $0.001
Pre-Seed Lock-up: 7.5% at the TGE, 7.5% per month
Seed
Seed Price: $0.003
Seed Lock-up: 7.5% at the TGE, 7.5% per month
Strategic Round
Strategic Round Price: $0.006
Strategic Round Lock-up: 10% at the TGE, 10% per month
Private Sale
Private Sale Fundraised: $360,000
Private Sale Price: $0.009
Private Sale Lock-up: 15% at the TGE and 15% per month and 10% the last month
Strong Holder Offering
Sale Allocation: $1,000,000
Sale Price: $0.015
Sale Lock-up: 15% at the TGE and 15% per month and 10% the last month
Token Utilities
Data curators and validators must stake ORAO tokens to be qualified. Data consumers must pay for data products in ORAO tokens.
Important Notice about Gate.io Startup Sale for ORAO :
1. Startup supply: 8,333,333 ORAO ($125,000) Vesting: 15% at TGE, 15% per month for 5 months, and 10% on the last month
2. Price: $0.015
3. Payment currency: USDG, Lockup currency: DAO
4. Eligible participants: agree to lock up DAO for a period of 15 days. Individual cap is 20K DAO.
5. Token distribution: participants get a proportional amount of ORAO tokens to their share of DAO tokens locked up on Gate.io.
6. The ORAO tokens will not be released until Token Generation Event. Users won’t get any ORAO token immediately after the Gate.io startup sale.
7. The startup sale is designed for ORAO Network’s DAO Maker SHO portion.
8. The cryptocurrency market is highly volatile. The project team does not guarantee that token price will not be lower than SHO price. Please invest with caution, and don't invest beyond your financial capacity.
Rules of ORAO Network’s DAO SHO Portion Sale on Gate.io’s Startup：
(1) Order Duration: March 22nd 4:00AM – March 24th 4:00 AM UTC
(2) To participate in Startup Sale, users will agree to lock up DAO for a period of 15 days.
(3) The price is $0.015 USDG/ORAO
(4) Users can place orders by agreeing to locking up DAO for 15 days
(5) Users can place orders from March 22nd 4:00 AM – March 24th 4:00 AM UTC. Orders placed by qualified users within these 48 hours will be treated equally.
(6) Users need to ensure that there is sufficient balance of DAO (the full amount you agree to lockup for 15 days) and USDG (amount to pay for ORAO token actually purchased) in accounts for the purchase after placing the orders. An insufficient DAO balance will result in the cancellation of the purchase order.
(7) Each individual can only purchase once with an account passing KYC.
(8) After March 24th 4:00 AM UTC, we will collect all the qualified orders and calculate the result and announce the result in 2 hours. USDG to pay for Participant’s ORAO token purchase will be deducted from the participant’s account and the amount of DAO the participant agrees to lockup when placing orders will be locked for 15 days.
Participants will receive a proportional amount of ORAO tokens to their share of DAO tokens locked up on Gate.io according to token release schedule at the TGE (the token generation event, to be announced).
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 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 20, 2021
Get 40% of all referees' trading fees in the affiliate program at https://www.gate.io/referral
Click to Sign up ：https://www.gate.io/m#/register
Download it now at: https://www.gate.io/mobileapp
Follow us on social
Facebook: https://facebook.com/gateioglobal
Twitter: https://twitter.com/gate_io
Telegram：https://t.me/gateio
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
