Gate.io Startup Initial Free Offering: SubDAO(GOV) and Announcement of Free Distribution Rules(1,000,000 GOV free of charge)

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 and airdrop benefits.

This SubDAO Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of the event.

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

Introduction to SubDAO(GOV)
SubDAO is a DAO protocol that helps manage digital assets through multi-signature, voting and other decentralized features. It allows any decentralized organization to swiftly create and manage DAOs. SubDAO has completed multi-million dollars financing from dozens of institutions including Messari founder Ryan Selkis, Hypersphere Ventures, OKX Ventures, Huobi Ventures, CMS Holdings, Divergence Ventures, FBG, Signum Capital, NGC Ventures, Kenetic Capital, Gate.io Labs, etc.

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

Token Information
Token Name: SubDAO
Token Symbol: GOV
Max Supply：1,000,000,000
Token Type: ERC-20
Contract: https://etherscan.io/address/0x274e7eb07b485cfde53d02270555213447570ac6
Token distribution ratio and unlocking rules:
- Gamefied Governance Mining 27%: Reserved for mining.
- Para-chain 30%: 10% is reserved for parachain and 20% is to be burned.
- Airdrop 3%: Reserved for airdrop.
- Team 10%: Beginning from the third month after TGE, the release will be completed in 2 years.
- Ecosystem Foundation 10%: Unlocked quarterly within a year from TGE.
- Token sale 20%:
Part1 5% - TGE 20%, and the rest will be released quarterly within a year
Part2 10% - TGE 30%, and the rest will be released quarterly within a year
Part3 5% - TGE 50%, and the rest will be released 3 month later

Website: https://www.subdao.network
Whitepaper: https://drive.google.com/file/d/1o6ynNvhTOaGoojhbtDyyxJFmON7Zlh9R/view

SubDAO Startup Sale Rules
(1) Duration: 06:00 AM December 1st, 2022 - 06:00 AM December 2nd, 2022 (UTC) (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 09:00 AM December 2nd, 2022 (UTC)
Trading Pairs: GOV/USDT
(3) Price: 0 USDT
(4)Startup Supply : 1,000,000 GOV
(5) Users purchase using USDT.
(6) Unlock rule: 100% unlock.
(7) To participate in Startup Sale, VIP 0 users need to hold no less than 500 USD worth of Spot Assets in balance, and the number of share will be 1/4 of VIP 1 users’ share;
The higher the VIP tier, the more shares.
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 participated in the SubDAO investment.

Attention
(1) Countries not supported: the United States, Canada, Malaysia, Singapore, Mainland China, Malta, Cuba, Iran, North Korea, Crimea, Sudan, Syria, Bangladesh, and Bolivia.
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
November 28th, 2022