Gate.io Startup Initial Offering: Cook Protocol (COOK)
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 its next project with Cook Protocol (COOK) on March 31st, 2021 at 04:00 AM (UTC).
Startup Link: https://www.gateio.pro/startup
Introduction to Cook Protocol
The Cook Protocal establishes a transparent and flexible asset management service market to meet the various needs of investors and asset management service providers. Investors can check the fund manager's allocation of funds at any time, without worrying about the safety of the fund and violately operations. On the other hand, although the flow of funds is open and transparent on the Cook Agreement, fund managers do not need to open source the specific algorithms of their strategies to encourage strategic innovation.
(The information below is provided by the Cook Protocol team. Please follow Cook Protocol for more information）
Token name: Cook Protocol
Token symbol: COOK
Max Supply: 10,000,000,000 COOK
Token Type: ERC-20
Token Contract: 0xff75ced57419bcaebe5f05254983b013b0646ef5
Token distribution ratio and unlocking rules
60% is used for community and mining. At this stage, it is completely locked until the DAO is established. DAO decides to use and distribute; 10% is used for early community building incentives and airdrops, part of which is used to add liquidity in DEX, and some Used in Mining rewards, Mining rewards are issued gradually , and the airdrop part is unlocked; 10% is used for private sale, fully locked, and unlock by time and price mechanism; 10% is used for ecology development, fully locked, and unlock by timed and price mechanism; 10% belongs to the development team, fully locked, and unlock by timed and price mechanism, and the unlock start time is 90 days later than the private sale.
COOK Startup Sale Rules
(1) Duration: 04:00 - 10:00 AM (UTC), March 31st 2021 (Orders placed by qualified users within these 6 hours will be treated equally.)
(2) To participate in Startup Sale, users will need to be VIP1 and above.
(3) Price: 0.03 USDT. Startup Supply :3,333,333 COOK
(4) Purchase limit: The maximum individual purchase limit for a single user is 1000 shares; the relationship with the VIP level and the maximum purchase limit for placing an order is:
The maximum number of subions that can be purchase (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
(5) Users place orders using USDT.
(6) Users can place orders from 04:00AM - 10:00 AM UTC, March 31st 2021. Orders placed by qualified users within these 6 hours will be treated equally.
(7) 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.
(8) Each type of currency can only purchase once with each KYC account.
(9) After 10:00 AM 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 at 12:00 PM UTC, March 31st, 2021.
(10) Trading starts time: March 31st 17:00 PM UTC
Gate.io Labs Private Sale Participating Disclosure
(1) Round: Private
(2) Price: 0.01USDT/ COOK
(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.
March 30, 2021
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