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-BaconDAO (BACON) sale on August 25th , 2021 at 10:00 AM UTC.

Startup Link: https://www.gate.io/en/startup/158


Project Introduction
BaconDAO (BACON) is a Decentralized Autonomous Organization (DAO) for collaborative learning and investing in Cryptocurrencies. The mission of the organization is to create the largest and most knowledgeable Crypto community, harnessing its group knowledge to help members learn and profit from Cryptocurrencies. BACON token holders have access to its membership content such as daily IDO s, Bitcoin and Altcoin Technical Analysis, Educational curriculum, Alpha s, NFTs and private sale deals. BACON is the governance token which will allow members to vote on the content and deals offered in the community. BaconDAO plans to build a NFT launchpad with NFT Tickets representing vested private sale tokens. BaconDAO will use the power of a Decentralized Autonomous Organization (DAO) to amass the largest community and simultaneously improve the group’s content, services, and investment opportunities.

Token Information
Ticker: BACON
Blockchain Network: Ethereum
Token Supply: 200,000,000
Initial Token Circulation: 16,633,333

Token Distribution:
Seed Sale: 5%
Private Sale A 4%
Private Sale B 4%
Public Sale 2%
Founding Team: 15%
Community: 24%
NFT Eco:16%
Reserve: 21%
DEX Liquidity: 3%
Airdrop:1 %
Advisors:5%

Token Price
Seed Sale Price: $0.02
Lock-up: 0% unlocked at the TGE, then 11.11% on a monthly basis
Private Sale A Price: $0.03
Lock-up: 10% unlocked at the TGE, then 15% on a monthly basis
Private Sale B Price: $0.04
Lock-up: 25% unlocked at the TGE, then 25% on a monthly basis
Public Sale (inc. SHO) Price: $0.04
Lock-up: 100% unlocked

Token Economy
BACON tokens are locked up to receive monthly BaconDAO membership.
BACON token is used to gain access to BaconDAO NFT Launchpad IDOs and NFT drops.
BACON-ETH pair Uniswap-LP tokens can also be staked on BaconFarm to receive rewards in BACON tokens.
When BaconDAO incubates new IDOs or NFT collectible drops, the profits are fed into the BACON token

Website: https://bacondao.com/


Important Notice about Gate.io Startup Sale for BaconDAO (BACON)
1.Startup supply: 750,000 BACON , 100% unlocked at the TGE; Price:$0.04
2.Payment currency: USDG, Lockup currency: DAO
3.Eligible participants: agree to lock up DAO for a period of 15 days. Individual cap is 20K DAO.
4.Token distribution: participants get a proportional amount of BACON tokens to their share of DAO tokens locked up on Gate.io.
5.The BACON tokens will not be released until the Token Generation Event. Users won’t get any BACON token immediately after the Gate.io startup sale.
6.The startup sale is designed for BaconDAO ’s DAO Maker SHO portion.
7.The cryptocurrency market is highly volatile. The project team does not guarantee that the tokenF price will not be lower than SHO price. Please invest with caution, and don't invest beyond your financial capacity.


Rules of BaconDAO (BACON) ’s DAO SHO on Gate.io’s Startup:
(1) Order Duration: August 25th 10:00:00 AM-August 26th 2:00 AM UTC
(2) To participate in Startup Sale, users should agree to lock up DAO for a period of 15 days.
(3) The price is $0.04
(4) Users can place orders by agreeing to locking up DAO for 15 days
(5) Users can place orders from August 25th 10:00:00 AM – August 26th 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 the token actually received) in accounts after placing the orders. An insufficient DAO or USDG balance will result in the cancellation of the purchase order.
(7) Each individual can only purchase once with an account passing KYC.
(8) After August 26th, 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 BACON 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 BACON tokens to their share of DAO tokens locked up on Gate.io according to the token release schedule.

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.

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Gate.io Team

Aug 20, 2021