Gate.io Startup Initial Offering: DAO Maker (DAO)
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. Trading services of the connected token or coin will be
enabled once the Startup project fulfills its fundraising goal.
Gate.io Startup will launch its next project with DAO Maker on January 18, 2021 at 4:00 AM UTC.
Startup Link: https://www.gate.io/en/startup/59
1. Introduction to DAO Maker
DAO Maker creates growth technologies and funding frameworks for
startups, while simultaneously reducing risks for investors. A platform
comprised of B2B and B2B2C products and services, including complaint
fundraising, asset management, pluggable DAO creation, and chain
DAO Maker’s mission is to make venture opportunities more
accessible to retail, not in terms of connectivity but affordability.
DAO Maker is structuring venture opportunities through fundraising
products that cap risk. This approach has proven both demand and success
through the DYCO and SHO models. The company is working on the launch
of the Venture Bond to take risk-capped venture opportunities
mainstream, alongside licensed fiat support and an expansion to the
crowdfunded equity market.
Click here to check out more: https://www.gate.io/en/startup/59
Max supply ：Dynamic Supply: 234M (max refund) to 312M
Initial Circulation Supply: 16,400,000 DAO
Smart Contract 0x0f51bb10119727a7e5ea3538074fb341f56b09ad
Team 62,400,000 (20%)
DAO-Managed Foundation: 31,200,000 (10%)
Eco Growth: 28,080,000 (9%)
Customer Incentives 31,200,000 （10%）
Advisors & Future Team: 15,600,000 (5%)
Merger&Acquisition: 43,680,000 (14%)
Public sale(SHO): Fully unlocked at TGE （Token Generation Event）
Private sale: 20% at TGE followed by quarterly vesting of 20% + Toll Bridge.
Team: 1.5-year lock, followed by 12.5% equal quarterly vesting
Advisors: 1.5-year lock, followed by 12.5% equal quarterly vesting
Foundation: 2-year lock, followed by 14.28% quarterly unlocks
Mergers & Acquisitions: 5% unlock after 5-quarter lock, then 10% after 6 months, followed by 28.3% biannual unlock
Customer Incentives: 3-month lock followed by unlocks only per platform usage
DAO-Managed Foundation: 3% unlock after 12 months, then 4 quarters of
5% release, then 4 quarters of 8% release, and then 5 quarters of 9%
Eco (Community) Incentives: 7.5% after 12 months, followed by 2.5% per following month
Token use case： Staking,Incentives,Rights
DAO Token has a robust token economy comprised of non-inflationary
staking reward, loyalty utility, and monetary utility. It is staked to
earn from the reward pool for participating in governance, enjoy
cashbacks, earn eco incentives, pay for enterprise solutions, and more.
2. DAO Maker Startup Sale Characteristics
(1) Startup Sales token release is 20% at TGE, and the remaining is released quarterly.
(2) Token Refundable
DAO Maker team promises a refund at 65% of DAO’s purchase price value
($0.065), with 3 windows, for a period of 12 month after TGE. A year
after TGE, the refund period ends.
(3) Payment Currency: USDG
USDG is used as the payment currency for this sale. Users can pledge their GT to get USDG.
How to get USDG loan: (https://www.gate.io/en/help/lend/mortgage/18925)
(4)The 20% of DAO will be released at TGE(that is scheduled in Feb, 2021,subject to change).Users won't receive their transferable DAO immediately after the startup sale.
3. The DAO Startup Sales Rules
(1) Order Duration: 4:00 - 6:00 AM UTC, January 18th, 2021
(2) To participate in Startup Sale, users will need to be VIP1 and above. (Click here for how to become VIP1 or above https://www.gate.io/en/fee
(3) The price is 0.1 USDG/DAO
(4) Users can place orders using USDG.
(5) Users can place orders from 4:00 AM UTC to - 6:00 AM UTC. Orders
placed by qualified users within these 2 hours will be treated equally.
(6) Users need to ensure that there is sufficient balance (exceeding
the purchase value) in accounts for the purchase after placing the
orders. An insufficient balance will result in the cancellation of the
(7) Each type of currency can only purchase once with each KYC account.
(8) After 6:00 AM UTC, we will collect all the qualified orders and calculate the result. The final result will be
announced two hours later at 8:00 AM UTC.(Please note: The 20% of DAO will be released at TGE, that is scheduled in Feb, 2021, subject to change., no transferable DAO will be received immediately after the startup sale)
The distribution calculation rules are as follow:
F (distribution ratio) = DAO supply limit ÷ total DAO purchase orders
P (individual DAO purchase orders) = F × qualified individual orders
M (payment amount in USDG) = P × Startup Sale Price
E.g. The DAO supply limit is 100 million. The purchased DAO orders are 200 million. User X has placed 100,000 DAO orders.
F (distribution ratio) = 100,000,000 ÷ 200,000,000 =0.5
P (individual DAO purchase orders) = 0.5 × 100,000 = 50,000
M (payment amount in USDG) = 50,000 × Startup Price
If the project cannot fulfill its fund-raising goal within the given
time, users will get refunded, and the project will not get listed.
About Our VIP Programs
There are three VIP schemes available, your VIP level will be escalated when you meet any of the following:
Scheme 1: meet requirements for both 30 day’s trading volume + 14-day rolling average GT holdings
Scheme 2: Meet the 14-day rolling average GT requirement only
Scheme 3: Meet the total account value requirement only.
Learn more at: https://www.gate.io/en/fee
4. The New Gate.io Startup Project Exchange Listing Rules
Once the Startup project fulfills its fundraising goal, Gate.io will
enable the trading service of the project. To decrease any amount of
volatility during the initial trading stage, we will apply the Call
Auction Mechanism. The rules are as follows:
(1) During the
call auction, traders can place orders freely, but the orders will not
be active immediately. The real-time reference trading price will be
presented and calculated based on the Call-order price from the largest
amount of trades created. During this period, the order book and the
candlestick chart will show the related price range and the market
movement based on the real-time reference.
(2) During the first stage of call auction, traders are allowed to place orders and cancel orders freely.
(3) To avoid market manipulation, during the second stage of call
auction, orders can be placed freely by the traders, but order
cancellations are prohibited.
(4) When the call auction is
finished, users will not be able to place or cancel any orders. They
will collect all the data and match the orders. Buy orders with prices
higher than the reference price and sell orders with prices lower than
the reference price will be matched and e xecuted (a portion of the
orders with a higher routed price may not be matched). The remaining
orders will go to the order book of the next trading stage
(5) After the call auction data collection, the s ystem will enable trading activities.
For more details on the new Gate.io Startup Sale Participation Rules
and Startup Project Exchange Listing Rules, please see our previous
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.
users from other countries, please check and make sure your
participation in the token sale on Startup complies with local laws and
(2) Risk Warning:
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.
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.
January 12, 2021
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