Gate.io Startup Free Offering: ENVELOP(NIFTSY) and Announcement of Free Distribution Rules(1,666,666 NIFTSY free of charge)
About Gate.io Startup Free Airdrop Program In order to reward platform users, Gate.io launched the "Startup Project Free Airdrop Program", and free airdrops for blockchain excellent projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens airdrop benefits.
This ENVELOP(NIFTSY) Startup subion is a free subion, and will not deduct the users' participation funds in the end of event.
Startup Link: https://www.gate.io/startup
Introduction to ENVELOP(NIFTSY)
ENVELOP (NIFTSY) (https://envelop.is) is a flexible cross-chain tool set able to give any NFT new functionality (economic set-up, on-chain royalties, rental mechanism, time/value/event-locks), protection of duation and anti-fraud . Now easily implemented in GameFi, Marketplaces, Art, Metaverses and non-pledge NFT-rental.
Project’s long term aim is cross-chain tokenization of payment channels (rollups) to intensified unused liquidity. What will lead further to the world’s biggest market - derivatives - ENVELOP is to create first secured decentralized derivatives.
ENVELOP DAO consists of three main parts, binded together by NIFTSY token:
1) Protocol to add the digital assets inside NFTs and set on-chain royalties;
2) Oracle to score the collateral and assess the quality of assets inside NFTs;
3) Index to hedge the position to the whole NFT market — becomes one of the first decentralised and collateralised simultaneously market indices for NFT and related assets (synthetic, among others).
(The information below is provided by the NIFTSY(NIFTSY) team. Please follow NIFTSY(NIFTSY) for more information）
Token Information
Token name: NIFTSY
Token symbol: NIFTSY
Max Supply：500,000,000
Token Type: ERC 20
Contract: 0x7728cd70b3dD86210e2bd321437F448231B81733
Token distribution ratio and unlocking rules:
Investors (Seed): 18%
TGE10%, 10% release at Month 2 and 4, 15% release at Month 7 and 10, 20% release at Month 13 and 16.
Investors (Private A+B): 27%
TGE10%, 10% release at Month 2 and 4, 15% release at Month 7 and 10, 20% release at Month 13 and 16.
Family and Friends:4%
TGE0%, 5% release at Month 2, 10% release at Month 4, 15% release at Month 7; and 20% release at Month 10; 25% release at Month 13 and 16.
Team and Advisors:12%
TGE0%, 5% release at Month 2, 10% release at Month 4, 15% release at Month 7; and 20% release at Month 10; 25% release at Month 13 and 16.
Partnerships:5%
TGE0%，15% release at Month 4 and 7, 20% release at Month 10, 25% release at Month 13 and 16.
Marketing (Bounty, airdrops etc):4%
TGE0%，5% release at Month 4 and 7, 10% release at Month 10 and 13, 15% release at Month 16 and 19; 20% release at Month 21 and 24.
Crowd investors:1% 100%TGE.
Eco:18% TGE0%, 25% release at Month 7, 10, 13 and 16.
Project Pool (liquidity): 10% TGE 50%, 50% release at Month 2.
Reserve:1% 100% release at Month 2.
Website: https://envelop.is
WhitePaper ：https://docs.envelop.is/key-documents/white-paper
NIFTSY Startup Sale Rules
(1) Duration: 09:00am 20th Oct, 2021 - 09:00am 21st Oct, 2021 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 12:00pm 21st Oct, 2021 (UTC)
Trading pairs: NIFTSY/USDT
(3) Price: 0 USDT(Public price:$0.03)
(4)Startup Supply : 1,666,666 NIFTSY
(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 before trading starts.
Gate.io Labs Private Sale Participating Disclosure
Gate.io Labs participated in the NIFTSY(NIFTSY) 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.
(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 will open an Automated Market Maker (AMM ) for NIFTSY, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liqudity in will get rewards from liquidity pool transaction fee and GT token rewards from liquidity reward pool. High annual rate rewards with secure.
AMM Trading Market and AMM Liquidity Mining
Gate.io has launched a new version of the liquidity pool (centralized automatic market maker (AMM) transaction service) on August 1st, 2021: allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate.io will continue to add different currencies, please pay close attention to follow-up announcements.
The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:
1) Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
2) A fixed percentage (such as 50%) of the transaction fee will automatically be changed into GT through the open market and put into the AMM Reward Pool.
3) Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.
4) Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.
5) Liquidity providers can take bonus and withdraw at any time
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Gate.io Team
Oct 14th, 2021
