Announcements Announcement on Gate.io Web3 Startup Initial Token Project Kunji Finance (KNJ) and Rules of Participation in Lottery for Free (Win and Share 6,000 KNJ)

Announcement on Gate.io Web3 Startup Initial Token Project Kunji Finance (KNJ) and Rules of Participation in Lottery for Free (Win and Share 6,000 KNJ)

2023-09-20 09:47:36 UTC 17725 Read

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To provide feedback on users’ support for the platform, Gate.io officially launched the “Gate Web3 Startup” on July 3, 2023, and occasionally conducts airdrop plans for blockchain projects. Gate Web3 Wallet users can receive tokens or NFT airdrop benefits by participating in the Web3 Startup.

The project will obtain quota allocation airdrop rewards through lottery, and users can participate for free to share 6,000 KNJ. This time, you only need to make sure your EVM-chain assets is more than 100 USD equivalent amount. The higher the current wallet assets, the greater the probability of obtaining an airdrop!

## I. What is Gate Web3 Startup？
Gate Web3 Startup is a Web3 innovation project issuance platform. Users can easily participate in the Startup by connecting to the Gate Web3 Wallet and holding a designated amount of funds, receiving free tokens or NFT airdrops.

## II. How to Participate?
Web:
Go to the Gate Web3 Startup interface
Connect the wallet (if you do not already have the Gate Web3 Wallet, you can download and install the Chrome Extension first and then create the Gate Web3 Wallet)
Click on the Web3 homepage navigation bar ‘Launch’ - ‘Startup’
Select the project icon in the “In Progress” section, click to jump to the details page, and click to participate in subscription.
![](https://gimg2.gateimg.com/image/article/1692090689VLeZAdIY_VzhSAwhY7nGJRxNBmzut0mHry9kC_C0Ibz7n4K9N3gg1To8YbaWNS_qy4wqsAOFueIOKwJZ5-Ea59rIUI6sGBzQAzQmTsZNjAPVN8YEzuhR1HLGKUVA.png)

APP:
Download/update the Gate.io App (version 5.5.0 and above)
Go to the App homepage and switch to Web3 wallet
Create or import the Gate Web3 Wallet
Click on the Web3 homepage ‘Launch’
Select the project icon in the “In Progress” section, click to jump to the details page, and participate
(Reminder: After transferring to the wallet, it takes approximately 5-10 minutes for on-chain asset confirmation)
![](https://gimg2.gateimg.com/image/article/16920934702.jpg)

## III. What is the Current Project of Gate Web3 Startup?
The current Gate Web3 Startup will be launched for Kunji Finance (KNJ) subscription, which is free and will not deduct user participation funds after completion

Introduction to the Selection Area of the Startup Project
1.Kunji Finance (KNJ) Project Introduction:
Kunji Finance is a decentralized platform built on Arbitrum that connects asset managers with liquidity providers, allowing those asset managers to leverage their skills with access to further capital while generating trading-based profit opportunities for capital providers. The asset management services can be based on discretionary investment theses that run long and short strategies created by asset managers on the platform, enabling the creation of “hedge funds” for retail investors without any regulatory ambiguity. Kunji is to crypto hedge funds what Uber is to Limo services.

Project details at: https://www.gate.io/zh/web3/startup/896
Basic information of Kunji Finance (KNJ) project: (According to the official information disclosure of Kunji Finance (KNJ), please refer to the official website of Kunji Finance (KNJ) for details)
(1) Full English name of token: Kunji Finance 
(2) Full Chinese name of the token: N/A
(3) Token symbol: KNJ
(4) Total Tokens: 100,000,000
(5) Token Type: ARB
(6) Token Contract: https://arbiscan.io/address/0xfbbb21d8e7A461f06e5E27efD69703aCB5C732A8
(7) Token Distribution and Unlocked Rules:
Team:20%     104 weeks cliff, then vested in 260 weeks
Community:40%  vested in 260 weeks
Ecosystem development:10%    vested in 104 weeks
Strategic reserve:5%     52 weeks cliff, then vested in 104 weeks
Marketing:5%    15% unlock at TGE     52 weeks cliff, then vested in 130 weeks
Private sale:4%    52 weeks cliff, then vested in 104 weeks
IDO:1.5%          50% unlock at TGE, then vested in 6 weeks
Bug bounty:3%     3.3% unlock at TGE, then vested in 52 weeks
Operational reserve:7%       24.3% unlock at TGE, then vested in 52 weeks
 Later stage investors:4.5%      vested in 52 weeks
(8) Project official website: https://www.kunji.finance/
Project White Paper: https://docs.kunji.finance/kunjifinance/whitepaper

## IV. Kunji Finance (KNJ) Subscription Rules:
(1) Subscription start time: 5:00 am September 22th, 2023 - 5:00 am September 25th, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading start time: 8:00 am September 25th, 2023 (UTC)
(3) Subscription price: 0 USDT
(4) Total subscription amount: 6,000 KNJ
(5) Unlock method: 100% unlock
(6) Participation conditions: Gate Web3 Wallet EVM chain assets need to be no less than $100 to participate in subscription
(7) Purchase limit: Users can only claim once, and the higher the amount of EVM chain funds in the Gate Web3 Wallet, the more subscribed shares.

## V. Gate.io Labs Private Sale Participating Disclosure
Gate.io Labs has participated in the Kunji Finance (KNJ) investment.

## VI. Web3 Startup Related Instructions (if there are any changes, the subsequent announcement shall prevail)
(1) Participation conditions: Gate Web3 Wallet EVM chain asset balance ≥ 100 USD equivalent assets can participate in subscription; The higher the balance of wallet assets, the higher the subscription limit. (EVM chain includes: GateChain, Ethereum, BNB Chain, Arbitrum, Polygon, Optimism, Avalanche, etc.)
(2) Purchase limit: Users can only claim once, and the higher the amount of EVM chain funds in the Gate Web3 Wallet, the more subscribed shares.
(3) Adequate amount: Before completing the distribution, users must ensure a sufficient amount of no less than $100 in the Gate Web3 Wallet; Insufficient amounts will automatically be excluded from valid orders.
(4) Result announcement: After the end of the day’s subscription, the system will count all eligible subscription orders and extract quota based on probability. The higher the wallet funds, the higher the probability of being drawn. The airdrop token/NFT will be directly distributed to the user’s participating wallet address, and winning users can view the received airdrop rewards in the Gate Web3 Wallet or trading history.

## VII. Other Precautions
(1) Risk reminder
·The Startup project is a blockchain start-up project that is still in its early stages, and there may be significant risks in the project’s operation, underlying technology, legal and regulatory environment, etc.
·Understanding blockchain startups and evaluating their inherent risks requires advanced technical and financial knowledge.
·Due to the influence of technology, laws and regulations, market, and other factors, the prices of the projects you participate in may fluctuate sharply, and the prices may significantly decrease or increase.
·Due to the underlying technology of the project or the Gate.io trading platform, the project you are participating in may not be able to fully or partially withdraw cash.
·Virtual coin or NFT projects have high risks. Virtual coin or NFT prices have high volatility. The project teams have not set up a deposit and do not provide any price commitment or breach guarantee. Please be sure to participate in situations where you fully understand the risks and can bear them. The platform strongly reminds you of the risks, but cannot assume any responsibility for investment behavior such as guarantee and compensation.

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Gate.io Team
September 20th, 2023

Announcement on Gate.io Web3 Startup Initial Token Project Kunji Finance (KNJ) and Rules of Participation in Lottery for Free (Win and Share 6,000 KNJ)

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