Gate_io Startup Initial Offering Standard (STND)

Announcements Gate_io Startup Initial Offering Standard (STND)

2021-04-26 08:30:44 UTC 133324 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.

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

Introduction to Standard (STND)
Standard Protocol is the first Collateralized Rebasable Stablecoin (CRS) protocol for synthetic assets that will operate within the Polkadot eco. It is also the first and only project from Korea to be awarded a Polkadot Web3 foundation grant and prides itself on its global community growth approach.

Features:
1.First Korean Polkadot project received web 3 foundation grant;
2.Proposed a new concept of Stablecoin — Collateralized Rebasable Stablecoin.
We implement a hybrid mechanism for stablecoin minting and include a new paradigm for liquidity aggregation. In contrast to previous generations of algorithmic stablecoins, Standard rebases its stablecoin supply in each era and will act as the catalyst for the financial activities of other parachains by enabling leveraged trading and arbitrage participation via a built-in AMM. Standard will also include a protocol for synthetic asset markets, utilizing decentralized oracles.
Token Use Case:
1.Offers fiat-trade in the exchanges for both CEX and DEX;
2.Provides a real economic based financial , cooperating with Ginkgo Bank, first Korean Digital Assets bank.

(The information below is provided by the Standard team. Please follow Standard for more information）
Token Information
Token name: Standard
Token symbol: STND
Max Supply:100,000,000 STND
Token Type: ERC-20 (temporarily)
Contract: TBA

Token distribution ratio and unlocking rules:
Seed: 5.0% -- 15% on TGE, quarterly over 1 year
Strategic: 5.0% -- 20% on TGE, quarterly over 1 year
Private: 10.0% -- 20% on TGE, quarterly over 1 year
Public IDO: 1.3% -- Fully unlocked on TGE
Eco Partners and Advisors: 3.0% -- 3 months cliff, every month over 1 year
Team: 10.0% -- 3 months cliff, every month over 1 year
Marketing and Eco: 4.7%
Community Incentive: 6.0%
Validator(grant developer): 2.0%
Community Developer: 4.0%
CROWDLOAN Airdrop(Parachain Incentive): 4.0%
Foundation: 15.0%
Yield Farming: 30.0%

Website: https://standard.tech
WhitePaper ：https://docsend.com/view/sp6antfgeqiziaqb

Standard Startup Sale Rules
(1) Duration: 14:00 28th April, 2021 - 12:00 29th April, 2021 (UTC)(Orders placed by qualified users within these 22 hours will be treated equally.)
(2) Trading starts time: 14:40 29th April (UTC)
(3) Price: 0.25 USDT
(4)Startup Supply : 80,000STND
(5) Users purchase using USDT.
(6) To participate in Startup Sale, users will need to be VIP1 and above,can only purchase once with each KYC account.
(7) Purchase limit: The maximum sub-scrip-tion limit for a single user is 1000 shares; the relationship between the VIP level and the maximum sub-scrip-tion allocation is:
the maximum number of sub-scrip-tions (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
(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 at 14:00 29th April, 2021(UTC)

Gate.io Labs Private Sale Participating Disclosure
Gate.Io Labs participated in the Standard investment.

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.

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
April 26, 2021

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