Gate io Startup Initial Offering Lever Network(LEV)
2021-04-28 08:26:27 UTC
205704 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 Lever Network
Lever is essentially an open-source margin trading platform where you
can lend, borrow and perform leveraged trading to either buy long/sell
short an asset in just one place. Compared with dYdX, it offers greater
liquidity and better trading experience.
(The information below is provided by the Lever Network team. Please follow Lever Network for more information)
Token Information
Token name: Lever Token
Token symbol: LEV
Max Supply: 100,000,000 LEV
Token Type: ERC-20
Contract: Under audit
Seed Round 6%: (5% at the TGE, then quarterly vesting 10%.)
Private Round 3%: (10% at the TGE, then quarterly vesting 10%.)
IDO 1%: (100% at the TGE.)
Auction 2%: (100% at the TGE.)
Team 15%: (15% after half a year cliff, then then quarterly vesting 10%.)
VC Round 9%: (0% at the TGE, then subject to future vesting schedule.)
Eco 15%: (5% at the TGE, then monthly vesting 3%. )
Strategic Reserve 6%: (0% at the TGE, then subject to future vesting schedule.)
Airdrop 3%: (1% at the TGE, then subject to future vesting schedule.)
Liquidity Mining 40%: (Vesting through liquidity mining over a time of period of
4 years.)
Website:https://lever.network/
Light Paper:https://lever.network/Light-Paper.pdf
Lever Network Startup Sale Rules
(1) Duration: 12:00 5th May, 2021 - 18:00 5th May, 2021 (UTC)(Orders
placed by qualified users within these 6 hours will be treated equally.)
(2) Trading starts time: 12:00 10th May, 2021 (UTC)
(3) Price: $0.5
(4)Startup Supply :50,000 LEV
(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) After 18:00
5th May, 2021(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. The final result will be
announced two hours later 20:00 5th May, 2021(UTC)
Gate.io Labs Private Sale Participating Disclosure
Round: Private Sales II
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
April 28, 2021
Get 40% of all referees' trading fees in the affiliate program at https://www.gate.io/referral
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