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 PlaceWar(PLACE) Startup subscription is a free subscription, and will not deduct the users' participation funds in the end of event.

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

Introduction to PlaceWar(PLACE)

PlaceWar is a strategic play-to-earn social game universe deployed on multi-chain with highly engaging artillery gameplay that encourages players to create and define the outlook of the in-game world through building, battles and alliance.

Inspired by Worm and r/place, PlaceWar creates a gamified and open Internet culture metaverse and puts users in control. You are guaranteed with a gaming experience that you've never seen before in any other Play-To-Earn games. We integrate battle and creation, and we make sure there is an incentive mechanism to support them both.

(The information below is provided by the PlaceWar(PLACE) team. Please follow PlaceWar(PLACE) for more information）

Token Information

Token name: PlaceWar Governance Token

Token symbol: PLACE

Max Supply：1,000,000,000

Token Type: BEP20

Contract: 0x07728696eE70A28c9C032926577AF1D524Df30f9

Token distribution ratio and unlocking rules:

Reward & Ecosystem(P2E, Yield Farming, Staking Reward etc.):50%

vested over 60 month starting from launch of V1.0 (linear)

Marketing & Partnership: 10%

vested based on demand (DAO voting)

Team & Advisor: 18%

Lock up for 24 months, vested over 24 months quarterly release

Seed Sale: 5%

10% at TGE, 1 month cliff (at rear), 18 month release (monthly)

Private Sale: 15%

15% at TGE, 1 month cliff (at rear), 18 month release (monthly)

Public Sale: 2% 33% TGE and 33% monthly

Website: https://www.placewar.io/

WhitePaper ：https://wiki.placewar.io/placewar/

PlaceWar Startup Sale Rules

(1) Duration: 09:00am 12th Nov, 2021 - 09:00am 13th Nov, 2021 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)

(2) Trading starts time: 12:00pm 13th Nov, 2021 (UTC)

Trading pairs: PLACE/USDT

(3) Price: 0 USDT(Public price:0.014)

(4)Startup Supply : 2,857,143 PLACE

(5) Users purchase using USDT.

(6) Unlock rule: 100% unlcoked.

(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 subscription limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subscription allocation is:

the maximum number of subscriptions (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

(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 PlaceWar(PLACE) 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 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 will open an Automated Market Maker (AMM ) for PLACE, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liqudity in will get rewards from liquidity pool transaction fee and GT token rewards from liquidity reward pool. High annual rate rewards with secure.

AMM Trading Market and AMM Liquidity Mining

Gate.io has launched a new version of the liquidity pool (centralized automatic market maker (AMM) transaction service) on August 1st, 2021: allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate.io will continue to add different currencies, please pay close attention to follow-up announcements.

The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:

1) Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)

2) A fixed percentage (such as 50%) of the transaction fee will automatically be changed into GT through the open market and put into the AMM Reward Pool.

3) Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.

4) Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.

5) Liquidity providers can take bonus and withdraw at any time

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Gate.io Team

Nov 8th, 2021