Gate.io Startup Free Offering: Faith Tribe (FTRB) and Announcement of Free Distribution Rules( 2,654,888 FTRB free of charge) — Democratising Fashion in the Physical Realm and the Metaverse
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 Faith Tribe (FTRB) Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of event.
Startup Link: https://www.gate.io/startup
Introduction to Faith Tribe (FTRB)
Faith Tribe aims to be a collaborative open-source fashion design platform that empowers and rewards independent creators in the web3 economy. It is owned by Faith Connexion, a 21-year old globally-recognized luxury streetwear brand that pioneered collaborative fashion and has been worn by some of the world’s most influential fashion leaders. Faith Tribe will bring together the decentralized community of designers, artists, influencers, brands, developers and buyers under an inclusive and incentive-aligned structure that enables experimentation, remixing and discovery in fashion in both the metaverse and physical realm.
(The information below is provided by the Faith Tribe (FTRB) team. Please follow Faith Tribe (FTRB) for more information）
Token name: Faith Tribe
Token symbol: FTRB
Token Type: ERC-20
Token distribution ratio and unlocking rules:
Pre-Seed Investors: 3%
25% released at launch on February 24th, 2022, 75% vests after 12 months on February 24th, 2023.
Seed Investors: 4%
10% released at launch on February 24th, 2022, 90% vests over the next 12 months every 3 months.
Public Sale: 1%
Vests over 5 months starting from launch date February 24th, 2022, with 20% released every 30 days.
Team and Treasury: 17%
Vests linearly at the end of every month over 48 months starting from February 28th, 2022
Marketing & Fashion Events: 14%
Tech Infrastructure: 11%
Faith Tribe (FTRB) Startup Sale Rules
(1) Duration: 06:00am 11th May, 2022 - 06:00am 12th May, 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 09:00am 12th May, 2022 (UTC)
Trading pairs: FTRB/USDT
(3) Price: $0 USDT(Secondary Marketing Price: $0.03766648 )
(4)Startup Supply : 2,654,888 FTRB
(5) Users purchase using USDT.
(6) Unlock rule: 100% unlock.
(7) To participate in Startup Sale, users will need to be VIP1 and above,can only purchase once with each 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 hasn't participated in the Faith Tribe (FTRB) investment.
(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.
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May 10th, 2022