Gate.io Startup Free Offering: EarthFund (1Earth) and Announcement of Free Distribution Rules (3,731,216 1Earth 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". Free airdrops for excellent blockchain projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens via airdrop benefits.
Gate.io Startup will launch its next project, EarthFund (1Earth), on March 3rd, 2022 at 08:00 AM(UTC).
Introduction to EarthFund (1Earth)
EarthFund is a DAO-controlled crowdfunding platform for projects and ideas that can make the world a better place. Powered by the 1Earth governance token and built using the blockchain and smart contracts so that it’s completely decentralized, the EarthFund platform gives its cause-focussed communities the power to bring about real change by receiving crypto contributions and voting on which world-changing projects get the funding they need. By joining the EarthFund community, everybody will be able to have a meaningful voice in the shape of tomorrow.
(The information below is provided by the EarthFund team. Please follow the website for more information）
Token name: EarthFund
Token symbol: 1Earth
Max Supply: 1,000,000,000 1Earth
Token Type: ERC-20
Token Contract: 0x9e04F519b094F5F8210441e285f603f4d2b50084
Token Distribution and Unlocking Rules:
7.5% at TGE, 1 year lockup, 5 years (60 months) linear vesting
*Private Sale: 19%
10% at TGE, 1 year lockup, 5 years (60 months) DAO controlled vesting
*Team & Advisors : 17%
1 year lockup, 5 years (60 months) DAO controlled linear vesting
*Platform Reserve / Treasury: 36%
1 week lockup after TGE, 156 weeks linear vesting
*Staking & Airdrop: 15%
4 weeks lock up after TGE, 156 weeks linear vesting
*Market Making: 7%
15% at TGE, 54 weeks linear vesting
EarthFund Startup Sale Rules
(1) Duration: 08:00 AM on March 3rd-08:00 AM on March 4th(UTC), 2022 (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) To participate in the Startup Sale, users will need to be VIP1 and above.
(3) Price: $0; Market Price(Reference): $0.029; Startup Supply: 3,731,216 1Earth
(4) Purchase limit: The maximum subscription limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subscription allocation is:
the maximum number of subscriptions (not the final actual subscription 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
(5) Unlocking Rule: Unlock
(6) Users place orders using USDT.
(7) Users can place orders from 08:00 AM on March 3rd-08:00 AM on March 4th(UTC), 2022. Orders placed by qualified users within these 24 hours will be treated equally.
(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) Each type of currency can only be purchased once with each KYC account.
(10) After 08:00 AM(UTC) on March 4th, 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.
(11) Trading starts time: 12:00 PM(UTC) on March 4th, 2022
Gate.io Labs Investment Participating Disclosure
Gate.io Labs didn’t invest in EarthFund
(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 the 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 evaluate 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 1Earth, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from the liquidity pool transaction fee and GT token rewards from the liquidity reward pool. High annual rate rewards with security.
AMM Trading Market and AMM Liquidity Mining
Gate.io has launched a new version of the liquidity pool (centralized automated 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 bonuses and withdraw at any time
Gate.io is a Cryptocurrency Trading Platform Since 2013
Top ranking, Trustworthy, Transparent
Sign up to enter the crypto gateway and get 40% commission from referrals
Download iOS/Android App right now.
Follow us on social media
February 28th, 2022