Gate.io Startup Free Offering: Petals(PTS) and Announcement of Free Distribution Rules

About Gate.io Startup Free Airdrop Program
In order to reward platform users, Gate.io launched the "Startup Project Free Airdrop Program". Free airdrops for excellent blockchain projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens via airdrop benefits.

Gate.io Startup will launch its next project, Petals(PTS), on June 28th, 2022 at 2:00 AM (UTC).

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

Introduction to Petals (PTS)
Petals is a Web3.0 short video creation and social platform built entirely on blockchain technology, which facilitates value transfer and fair distribution for all users of the protocol. Its innate incentive mechanism is the biggest supporter of the coming Web3.0 era. Through the redistribution of value, content consumers, content producers, backend service providers or advertisers - are all able to create value and generate their own wealth. Everybody benefits.

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

Token Information
Token name: Petals
Token symbol: PTS
Max Supply: 100,000,000,000 PTS
Token Type: BEP-20
Token Contract: 0xFA53a4778431712af31a11621eDee4D0926dF1aC
Token Distribution and Unlocking Rules:
*Community: 16%
25% TGE, 1 years linear release
*DAO: 64%
1 year locked, 4 years linear release
*Team: 13.5%
Linear release for 3 years
*Seed round: 5%
Linear release for 2 years
*Consultants: 1%
Linear release for 1 year
*Airdrop: 0.5%
100% TGE

Website:https://petals.video/
Whitepaper:https://petals.video/Petals_Whitepaper.pdf
Token Information: https://bscscan.com/token/0xFA53a4778431712af31a11621eDee4D0926dF1aC

Petals(PTS) Startup Sale Rules
(1) Duration: 02:00 AM on June 28th-02:00 AM on June 29th (UTC), 2022(Orders placed by qualified users within these 24 hours will be treated equally.)
(2)To participate in the Startup Sale, VIP 0 users need to hold a minimum of $500 USD worth of assets，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.
(3) Price: $0; Market Price(Reference): $0.001; Startup Supply: 100,000,000PTS
(4) 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 subscription number) = the square of the VIP level multiplied by 10.
For example:
VIP1 users can subscribe up to 1 * 1 * 10 = 10 shares
VIP2 users can subscribe up to 2 * 2 * 10 = 40 shares
VIP3 users can subscribe up to 3 * 3 * 10 = 90 shares
(5) Unlocking Rule: Unlock
(6) Users place orders using USDT.
(7) Users can place orders from 02:00 AM on June 28th-02:00 AM on June 29th (UTC), 2022. Orders placed by qualified users within these 24 hours will be treated equally.
(8) 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.
(9) Each type of currency can only be purchased once with each KYC account.
(10) After 02:00 AM on June 28th (UTC), 2022, 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.
(11) Trading starts time: 06:00 AM(UTC) on June 29th, 2022

Gate.io Labs Investment Participating Disclosure
Gate.io Labs didn’t invest in Petals(PTS)

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
June 25th, 2022