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Announcements Gate.io Startup Free Offering: LINK(LN) and Announcement of Free Distribution Rules (4,503 LN free of charge)
Gate.io Startup Free Offering: LINK(LN) and Announcement of Free Distribution Rules (4,503 LN free of charge)
2022-09-26 09:39:26 UTC 30328 Read
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 LINK(LN) Startup contribution is a free contribution, and will not deduct the users' participation funds at the end of event.

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

Introduction to LINK(LN)
LINK(LN) is a crypto asset of the LINE Blockchain, a blockchain developed independently by LINE.
LINK(LN) is not distributed for financing; rather, the Reward dApps distribute LINK to their most active users as compensation for activities that contribute to the ecosystem (Contribution Mining).
LINK, as a reward token, has several utilities; LN is used for 1) payments for trading fess, real-world payment and NFT Market etc. 2) participation on Lending (Interest) service (via exchanges), and also used for 3) obtaining various benefits within the LINE Blockchain ecosystem.

(The information below is provided by the LINK(LN) team. Please follow LINK(LN) for more information)

Token Information
Token name: LINK
Token symbol: LN
Max Supply: 1,000,000,000
Token Type: Native token (Mainnet)
Contract: https://scan.link.network/0x3001004/main
Token distribution ratio and unlocking rules:
- User Reward Pool: 80%
- Reserve: 20%

Website: https://blockchain.line.me/
WhitePaper : https://blockchain.line.me/whitepaper/

LINK Startup Sale Rules
(1) Duration: 07:00am 27th Sep, 2022 - 07:00am 28th Sep, 2022 (UTC) (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 10:00am 28th Sep, 2022 (UTC)
Trading pairs: LN/USDT; LN/BTC
(3) Price: 0 USDT
(4)Startup Supply : 4,503 LN
(5) Users purchase using USDT.
(6) Unlock rule: 100% unlock.
(7) To participate in Startup Sale, VIP 0 users need to hold of minimum $500 USD worth of Spot Assets in balance, and will be offered the contribution share at 1/4 of VIP 1 users’ share;
For VIP 1 and above, the higher the VIP level the higher the contribution share will be.
Each user can only purchase once with KYC account
(8) Purchase limit: The maximum contribution limit for a single user is 1000 shares; the relationship between the VIP level and the maximum contribution allocation is:
the maximum number of contributions (not the final actual contribution 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
(9) 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.
(10) 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 has not participated in the LINK 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 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.

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Gate.io Team
September 26th, 2022

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