Announcements GT Exclusive - Gate.io Startup Offering: Subquery Network (SQT) and Only GT Subscription Rules Announcement(1,546,790 SQT free of charge)

GT Exclusive - Gate.io Startup Offering: Subquery Network (SQT) and Only GT Subscription Rules Announcement(1,546,790 SQT free of charge)

2024-03-30 09:00:48 UTC 31758 Read

SQT/USDT -4.43%

[//]:content-type-MARKDOWN-DONOT-DELETE
This Subquery Network (SQT) will only be available for GT subscriptions. Please be aware that the participation users’ funds will be deducted at the end of this Subquery Network (SQT) Subscription.

<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup/1347" target="_blank" style="text-decoration: none;display: inline-block;"><div style="text-align:center;background: #2354E6; padding: 16px; border-radius: 8px; width: 200px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">Click to Subscribe</span></strong></div></a></div>

**Introduction to Subquery Network (SQT):**
SubQuery Network is innovating web3 infrastructure with tools that empower builders to decentralize the future. SubQuery is a blockchain data indexer that provides fast, flexible, reliable, and decentralized APIs to power and build leading Web-3 apps to over 160 chains.

As well as indexing, SubQuery is also a decentralized RPC service and introduced the SubQuery Data Node, designed to accelerate and scale dApp development. SubQuery’s mission is to build fast, reliable, and scalable web3 infrastructure, crucial for the next generation of decentralized applications.

(The information below is provided by the Subquery Network (SQT) team. Please follow Subquery Network (SQT) for more information）

**Token Information**
Token Name: Subquery Network
Token Symbol: SQT
Max Supply：10,010,059,082
Token Type: Base, ERC20
Contract:
Ethereum：https://etherscan.io/token/0x09395a2A58DB45db0da254c7EAa5AC469D8bDc85 
Base: https://basescan.org/token/0x858c50C3AF1913b0E849aFDB74617388a1a5340d

Token distribution ratio and unlocking rules：
Seed 11.65%: 12 months lock-up with 24 months vesting
Series A 14.49%: 6 months lock-up with 18 months vesting
Series B (and 2022 Private Sale) 3.20%: 3 months lock-up with 9 months vesting
Strategic Round 5.50%: 24 months lock-up with 24 months vesting
Team and Adviser 15.00%: 24 months lock-up with 24 months vesting
Foundation & Community - Mainnet Incentives 8.06%: No lock-up or vesting
Foundation & Community - Vested 31.81%: No lock-up with 60 months vesting
Liquidity 5.00%: No lock-up or vesting
Public Sale 4.39%: No lock-up or vesting
kSQT Conversion 0.22%: No lock-up or vesting
SQT Airdrops 0.18%: No lock-up or vesting
SQT Seekers Programme 0.50%: No lock-up with 6 months vesting

Website: https://subquery.network/
WhitePaper ：https://academy.subquery.network/subquery_network/introduction/introduction.html

**Subquery Network (SQT) Startup Subscription Rules：**
(1) Duration: 4:00 AM 3rd April- 4:00 AM 5th April, 2024 (UTC)(Orders placed by qualified users within these 48 hours will be treated equally.)
(2) Trading Starts Time: 08:00 AM 5th April, 2024 (UTC)
Trading Pairs: SQT/USDT
(3) Users can only subscribe by using GT.
(4) Subscription Price: 0 USDT (The GT pricing of this event is $10 USDT )
(5) Subscription share: 1 GT per share
(6) Subscription Total: 4,000 GT
(7)Startup Total Suppl: 1,546,790 SQT
(8) Unlock rule: 100% Unlock
(9) Participation Requirement:
**1.Users with an average GT holding of no less than 10 GT(which is 1 share) over the past 14 days are eligible to participate in the GT holder-exclusive airdrop subscription and share token rewards.**
2.The more GT you hold on average over the past 14 days, the more subscription shares you receive, and ultimately, the more tokens you get.
Tokens received by participants = (Participant’s subscription shares / Total subscription shares) × Startup total supply.
3.GT tokens contributed by participants have no lock-up period, allowing users to participate in multiple projects simultaneously with no participation limit.
**4.Based on the users’s GT average 14 days position, each user would receive one share per every 10GT held. The subscription limit for a single project is 3,000 shares per user. If the project’s share is less than 3000, each user’s subscription limit for the project will be limited based on the total shares of the project.**
[Click to check My GT Holdings](https://www.gate.io/gt "Click to check My GT Holdings")
(10) Announcement of results: After the end of the day’s subscription, the system will count all eligible subscription orders.
Please Note: 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.

**How to Participate**
Log in to your Gate.io account → Navigate to the [Startup page ](https://www.gate.io/startup "Startup page ")→ Ensure your average GT holding over the past 14 days is no less than 10 GT → Participate in the subscription.

**Notes:**
1.Participants must complete KYC2 verification.
2.Each 10 GT can be subscribed for 1 share, with a maximum subscription limit of 3,000 shares per user for one project.
3.The maximum subscription share is calculated based on the snapshot of the average GT holding over the last 14 days. GT Holding Calculation including the asset in the Lending/Borrowing Market, and the GT bought with USDT borrowed from Margin Trading; however, GT borrowed from Margin Trading is not included.
4.If the total GT holdings of the participants at the time of token distribution are lower than the total GT holdings at the time of subscription, the user will receive the corresponding token amount based on the actual GT holdings at the time of distribution (still subject to the minimum requirement of 10 GT); otherwise, no adjustments will be made.
5.The final subscription results will be announced before trading begins. You can check your results in “[My Spot Account“](https://www.gate.io/myaccount/myfunds/spot "My Spot Account“") or “[Subscription History](https://www.gate.io/startuplist/history "Subscription History").”
6.The exclusive subscription for GT holders will start soon. Please stay tuned to our [official announcements](https://www.gate.io/articlelist/ann "official announcements") and [social mediafor](https://twitter.com/Gateio_Startup "social mediafor") the latest updates.
7.Please adhere to the relevant rules of the event when participating. Any cheating behavior is prohibited. An occurrence of any dishonesty will result in the disqualification of the rewards.
8.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
9.Gate.io reserves all rights to the final explanation.
10.This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the [User Agreement](https://www.gate.io/user-agreement "User Agreement") for further details on Restricted Locations.

**Gate.io Labs Investment Disclosure**
Gate.io Labs did not invest in  Subquery Network (SQT).

**Attention**
(1) Please be noted that we may restrict or prohibit the use of all or a portion of the Services (including the participation in this event, game or competition) from Restricted Locations, including but not limited to the United Kingdom, United States of America, Mainland China, Singapore, Canada, France, Germany, Hong Kong, Lithuania, Malaysia, Malta, Cuba, Iran, North Korea, Sudan, Syria, Crimea Region, Spain, Luhansk, Donetsk, Netherlands, Bolivia and so on.

We may in our sole and absolute discretion elect to make the Services, or only part of the Services available in certain jurisdictions. For more information regarding the Restricted Locations, please read the User Agreement “[Section 2.3(d) Restricted Locations](https://www.gate.io/user-agreement "Section 2.3(d) Restricted Locations")”. We do not intend to solicit or conduct marketing towards customers in such Restricted Locations.
(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
Mar 30th, 2024

GT Exclusive - Gate.io Startup Offering: Subquery Network (SQT) and Only GT Subscription Rules Announcement(1,546,790 SQT free of charge)

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