Announcements Gate.io Startup LTC20 Free Offering: $LITE(LITE) and Announcement of Free Distribution Rules (200,000 LITE free of charge)

Gate.io Startup LTC20 Free Offering: $LITE(LITE) and Announcement of Free Distribution Rules (200,000 LITE free of charge)

2023-08-08 03:54:11 UTC 22948 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 $LITE(LITE)  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 $LITE(LITE) **
LITE token is the first LTC-20 token based on Litecoin. LTC-20 is a new token standard developed based on the ordinals protocol. It is a new method to facilitate the issuance and transfer of tokens by writing a text on Satoshi.
 
(The information below is provided by the $LITE(LITE)  team. Please follow $LITE(LITE)  for more information）
 
**Token Information**
Token Name: LITE
Token Symbol: LITE
Max Supply：84,000,000
Token Type:  LTC-20 
Contract: https://litescribe.io/ltc20/lite 
Unilit Link: https://www.unilit.io/

Token distribution ratio and unlocking rules: 
Fully Circulating Tokens

Website: https://litescribe.io/ltc20/lite 
WhitePaper: N/A

**$LITE (LITE)Startup Sale Rules**
(1) Duration: 05:00 AM 8th August, 2023 - 05:00 AM 9th August, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 08:00 AM 9th August, 2023 (UTC)
Trading Pairs: LITE/USDT
(3) Price: 0 USDT
(4)Startup Supply : 200,000 LITE
(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 1500 shares; the relationship between the VIP level and the maximum contribution allocation, please refer to the link: https://www.gate.io/article/29892 
(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.
(11) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behaviour, and any cheating behaviour 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 $LITE(LITE) 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 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
August 8th, 2023

Gate.io Startup LTC20 Free Offering: $LITE(LITE) and Announcement of Free Distribution Rules (200,000 LITE free of charge)

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