Announcements Gate.io Startup Free Offering: MetFi DAO(METFI) and Announcement of Free Distribution Rules( 19,774 METFI free of charge)

Gate.io Startup Free Offering: MetFi DAO(METFI) and Announcement of Free Distribution Rules( 19,774 METFI free of charge)

2023-05-07 01:15:47 UTC 28074 Read

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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 MetFi DAO(METFI) 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 MetFi DAO(METFI)**
Certik, one of the world’s leading blockchain auditors ranks MetFi DAO as a Top 5% / Top 500 project https://skynet.certik.com/projects/metfi

MetFi locked its liquidity for 2 years making it impossible to rugpull https://www.team.finance/view-coin/0x3E7f1039896454B9cb27c53CC7383e1AB9D9512a?name=MetFi&symbol=METFI&chainid=0x38

MetFi DAO is a decentralized investment vehicle for the masses - giving everyday people early-stage (seed round) access to some of the world’s most promising Web3 and Metaverse startups, long before the public knows about them.

100% of the assets from these investments are owned by and distributed to the MetFi community.

MetFi is the world’s 1st DeFi utility NFT ecosystem focused on investing in and incubating Metaverse and Web3 unicorns.

MetFi aspires to become the world’s #1 Metaverse and Web3 incubator - flipping the entire angel investor and venture capital model on its head so that everybody wins.

MetFi owns and controls its own liquidity, giving MetFi DAO enormous flexibility to move swiftly on investment opportunities and adapt to prevailing market conditions.

(The information below is provided by the MetFi DAO(METFI) team. Please follow MetFi DAO(METFI) for more information）
 
**Token Information**
Token Name: METFI
Token Symbol: METFI
Max Supply：500,000,000 METFI
Token Type: BEP20
Contract: 
https://bscscan.com/token/0x3E7f1039896454B9cb27c53CC7383e1AB9D9512a
Token distribution ratio and unlocking rules:

Maximum supply of 500 Million METFI tokens minted on 3 April 2023 - it’s impossible to mint more METFI tokens.

Less than 35 Million METFI tokens are in circulation and 33 Million (98%) of them are locked in the Staking Manager contract.

Maximum supply is already less than 500 Million METFI due to the burning mechanics of the protocol, making METFI a deflationary token.

Three (3) wallets hold over 99% of all METFI tokens per BSCscan:
https://bscscan.com/token/0x3E7f1039896454B9cb27c53CC7383e1AB9D9512a#balances

**Wallet Holders**
•Staking Pool Contract (largest wallet) — non-circulating METFI is stored in this contract and these tokens can only be released to distribute METFI staking rewards to the Staking Manager Contract. https://bscscan.com/address/0x5950855463512789a2725a749581d96dba7d9b89#code

•METFI Vault Contract (2nd largest wallet) — where non-circulating METFI reserves are stored under the control of the DAO. https://bscscan.com/address/0xd824f979bb84980201e5d04c730907c9373aa72d#code

•Staking Manager Contract (3rd largest wallet) — all staked METFI are stored in this contract - METFI stakers receive more METFI every 12 hours. https://%20bscscan.com/address/0x7da2b1e810bd9d65c49a7d97715eaf41cb490f2a#code

The next largest wallets are the METFI liquidity pools on PancakeSwap and METFI held on centralized exchanges followed by individuals holding METFI in private wallets.

Staking rewards is the ONLY mechanism that allows METFI tokens to come into circulation with one exception e.g. METFI Vault can release METFI to bring more liquidity into circulation such as for this Gate.io listing but only after the community approves via a DAO vote.

METFI staking rewards halve every 6 months with a maximum of 6 halving events ending on 5 October 2025 - slowing (halving) the distribution of METFI that comes into circulation every 6 months.

No team/advisor tokens, no marketing tokens, no pre-sale, no private round, no seed round etc.

MetFi DAO conducted a 100% fair launch (TGE) with the METFI token going straight to public sale.

Community has already approved an adequate and responsible monthly marketing budget, community moderator budget, development budget and any other expenses that the DAO needs to operate efficiently.

Website: https://metfi.io
WhitePaper: https://docs.metfi.io
 
**MetFi DAO(METFI) Startup Sale Rules**
(1) Duration: 03:00 am 8th May, 2023 - 03:00 am 9th May, 2023 (UTC)
(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 06:00 am 9th May, 2023 (UTC)
Trading Pairs: METFI/USDT
(3) Price: 0 USDT
(4)Startup Supply: 19,774 METFI
(5) Unlock rule: 100% unlock.
(6) 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 a KYC account.
(7) Purchase limit: The maximum contribution limit for a single user is 1500 shares; the relationship between the VIP level and the maximum contribution allocation, please refer to the link: https://www.gate.io/article/29892
(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) 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.
(10) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behavior is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.
 
**Gate.io Labs Private Sale Participating Disclosure**
Gate.io Labs hasn't participated in the MetFi DAO investment.
 
**Attention**
(1) Countries not supported: the United States, Canada, Malaysia, Singapore, Mainland China, Malta, Cuba, Iran, North Korea, Crimea, Sudan, Syria, Bangladesh, 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
May, 6th, 2023

Gate.io Startup Free Offering: MetFi DAO(METFI) and Announcement of Free Distribution Rules( 19,774 METFI free of charge)

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