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Gate.io Startup Initial Offering-DAO SHO Project- Lossless (LSS)
Gate.io Startup Initial Offering-DAO SHO Project- Lossless (LSS)
2021-05-26 03:56:35 UTC
273672 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 another DAO SHO project-Lossless sale on the 30th of May, 2021 at 10:00 AM UTC.
Startup Link: https://www.gate.io/en/startup/124
Project Introduction
Lossless - The first DeFi hack mitigation tool for token creators. Lossless Protocol freezes fraudulent transaction based on a set of fraud identification parameters and returns stolen funds back to the owner’s account.
Token Information
Ticker: LSS
Total Supply: 100,000,000，
Token Price: $0.077
Vesting: 20% on TGE, and 20% every 90 days
Token Allocation:
Company Reserves: 15%
Private Round: 35%
Advisors: 5%
Team: 15%
Adoption Incentives: 20%
Marketing/ Listing; 10%
Token Utility:
LSS Token Governance | Payouts for white hat hackers in LSS tokens | Pegged L-xxx tokens | LSS staking for hacks spotting
Website: https://lossless.cash/
Important Notice about Gate.io Startup Sale for Lossless:
1. Startup supply: 649,350.6 LSS; Vesting: 20% on TGE, and 20% every 90 days; Price: $0.077
3. Payment currency: USDG, Lockup currency: DAO
4. Eligible participants: agree to lock up DAO for a period of 15 days. Individual cap is 2K DAO.
5. Token distribution: participants get a proportional amount of LSS tokens to their share of DAO tokens locked up on Gate.io.
6. The LSS tokens will not be released until the Token Generation Event. Users won’t get any LSS token immediately after the Gate.io startup sale.
7. The startup sale is designed for Lossless’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 Lossless ’s DAO SHO Portion Sale on Gate.io’s Startup：
(1) Order Duration: May 30th 10:00：00 AM -May 31st 2:00 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 $0.077
(4) Users can place orders by agreeing to locking up DAO for 15 days
(5) Users can place orders from May 30th 10:00：00 AM -May 31st 2:00 AM UTC. Orders placed by qualified users within these 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 LSS 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 May 31st 2:00 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 LSS 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 LSS tokens to their share of DAO tokens locked up on Gate.io according to the token release schedule at the TGE (the token generation event, TBA ).
Example:
If the total DAO locked by all startup sale participants is 20,000 DAO. The total supply of new tokens offered on Gate.io startup sale is 1,000,000 new tokens. Token price is 0. 1 USDG per token. Participants are required to lock DAO for a period of 15 days.
If User A agreed to lock 500 DAO (by placing order) for a period of 15 days. Then,
User A’s share of the new tokens (also his share of DAO locked): 500/20,000=2.5%
Users A will receive new tokens: 2.5%X 1,000,000=25,000 new tokens.
User A’s USDG payment: the actual new token user A will receive X token price: 25,000X0. 1=2500 USDG
After the sale, user A’s 500 DAO will be locked for 15 days.
And USDG for purchase the new tokens will be deducted from User A’s spot account balance.
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
May 26, 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 another DAO SHO project-Lossless sale on the 30th of May, 2021 at 10:00 AM UTC.
Startup Link: https://www.gate.io/en/startup/124
Project Introduction
Lossless - The first DeFi hack mitigation tool for token creators. Lossless Protocol freezes fraudulent transaction based on a set of fraud identification parameters and returns stolen funds back to the owner’s account.
Token Information
Ticker: LSS
Total Supply: 100,000,000，
Token Price: $0.077
Vesting: 20% on TGE, and 20% every 90 days
Token Allocation:
Company Reserves: 15%
Private Round: 35%
Advisors: 5%
Team: 15%
Adoption Incentives: 20%
Marketing/ Listing; 10%
Token Utility:
LSS Token Governance | Payouts for white hat hackers in LSS tokens | Pegged L-xxx tokens | LSS staking for hacks spotting
Website: https://lossless.cash/
Important Notice about Gate.io Startup Sale for Lossless:
1. Startup supply: 649,350.6 LSS; Vesting: 20% on TGE, and 20% every 90 days; Price: $0.077
3. Payment currency: USDG, Lockup currency: DAO
4. Eligible participants: agree to lock up DAO for a period of 15 days. Individual cap is 2K DAO.
5. Token distribution: participants get a proportional amount of LSS tokens to their share of DAO tokens locked up on Gate.io.
6. The LSS tokens will not be released until the Token Generation Event. Users won’t get any LSS token immediately after the Gate.io startup sale.
7. The startup sale is designed for Lossless’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 Lossless ’s DAO SHO Portion Sale on Gate.io’s Startup：
(1) Order Duration: May 30th 10:00：00 AM -May 31st 2:00 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 $0.077
(4) Users can place orders by agreeing to locking up DAO for 15 days
(5) Users can place orders from May 30th 10:00：00 AM -May 31st 2:00 AM UTC. Orders placed by qualified users within these 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 LSS 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 May 31st 2:00 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 LSS 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 LSS tokens to their share of DAO tokens locked up on Gate.io according to the token release schedule at the TGE (the token generation event, TBA ).
Example:
If the total DAO locked by all startup sale participants is 20,000 DAO. The total supply of new tokens offered on Gate.io startup sale is 1,000,000 new tokens. Token price is 0. 1 USDG per token. Participants are required to lock DAO for a period of 15 days.
If User A agreed to lock 500 DAO (by placing order) for a period of 15 days. Then,
User A’s share of the new tokens (also his share of DAO locked): 500/20,000=2.5%
Users A will receive new tokens: 2.5%X 1,000,000=25,000 new tokens.
User A’s USDG payment: the actual new token user A will receive X token price: 25,000X0. 1=2500 USDG
After the sale, user A’s 500 DAO will be locked for 15 days.
And USDG for purchase the new tokens will be deducted from User A’s spot account balance.
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
May 26, 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
