Announcements Gate.io Startup Initial Free Offering: Pencils Protocol (DAPP) and Announcement of Free Distribution Rules (20,000 DAPP free of charge)

Gate.io Startup Initial Free Offering: Pencils Protocol (DAPP) and Announcement of Free Distribution Rules (20,000 DAPP free of charge)

2024-09-24 06:35:27 UTC 10612 Read

DAPP/USDT + 4.85%

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Gate.io has launched the “Startup Project Free Airdrop Program” in order to reward users. Free airdrops for potential blockchain projects will be launched in Startup from time to time, where users can get a variety of tokens via airdrop benefits.
User’s participation funds will not be deducted for Startup project Pencils Protocol (DAPP) free airdrop.

1.How to Participate:
Step 1: Login to your Gate.io account(Complete KYC2 verification)
Step 2: Hold no less than 10 USD of spot asset
Step 3: Click “$0 Free to Claim”

<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup/1868" 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 Claim</span></strong></div></a></div>

2.Pencils Protocol (DAPP) Startup Participation Rules
Duration: 06:00 AM on September 25th - 06:00 AM on September 27th (UTC), 2024 (Orders placed by qualified users within the subscription period will be treated equally.)
Trading starts time: 10:00 AM on September 27th (UTC), 2024 (Trading pair: DAPP/USDT)
Fundraising Goal: $30,000 USDT
Startup Supply: 20,000DAPP
Unlocking Rule: 100% Unlock
Participation Requirements: Complete KYC2 verification and the value of spot asset balance held is not less than 10 USD.
Startup Participation Rules:
(1) The higher the VIP level, the more Startup airdrop shares can be claimed. Each user can receive up to 8,000 shares. For specific information about available shares, please refer to: https://www.gate.io/announcements/article/37836
(2) Non-VIP Users can join the lucky draw of free airdrop by holding no less than 10 USD of spot assets, whether the Non-VIP Users win or not will be announced at the end of the project subscription. A portion of lucky Non-VIP Users will be randomly selected and the airdrop amount will be evenly distributed.
(3) The user’s VIP level will be checked when the tokens are distributed. The actual share per user will receive is calculated according to the VIP Level when distribution happens.
(4)Announcement of results: After the subscription ends, the system will count all eligible subscription order and distribute the project tokens accordingly. Tokens for VIP users will be distributed according to the ratio of their valid subscription amount to the total valid subscription amount, while Non-VIP users will have a portion of lucky users randomly selected to evenly distribute the airdrop quota. The subscription results will be announced before listing.
Note: 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.
Learn more about the rules for available shares of different VIP levels: https://www.gate.io/announcements/article/37836
Check participation tutorial: https://www.gate.io/help/guide/functional_guidelines/22401/how-to-participate-in-startup

3.Project Information (The information below is provided by the Pencils Protocol (DAPP) team. Please follow the website for more information）
(1)Introduction：
Pencils Protocol is the next-gen decentralized platform that offers auction services for blockchain native assets and RWAs, along with unified and leveraged yield aggregation services for users to maximize asset utilization.Pencils Protocol also serve as Scroll native gateway for liquid staking and restaking assets. 
Powered by Scroll, Pencils Protocol redefines the Layer-2 sectors by utilizing Scroll’s zero-knowledge technology. We focus on scalable and private DeFi services, enhancing yield aggregation and farming. By leveraging the synergy between our launchpad and farming solutions, we aim to become the primary TVL gateway for the Scroll ecosystem.
More details:
(2)Token name: Pencils Protocol Token
(3)Token symbol: DAPP
(4)Max Supply: 100,000,000 DAPP
(5)Token Type: ERC-20
(6)Token Contract:
https://etherscan.io/token/0x5FC429110A64bC51b57Ca86dCE1714FD0fBec303 
(7)Token Distribution and Unlocked Rules:

Treasury 10%：0% unlock at TGE, no cliff, 18 months linear vesting
Early Supporters 16%: 15% unlock at TGE,  no cliff, 12 months linear vesting
Public Sale 20%: /
Ecosystem Incentive 20%: 0% unlock at TGE, no cliff, 18 months linear vesting
Community 15%: 0% unlock at TGE, no cliff, 18 months linear vesting
Core Contributors Advisors 12%: 0% unlock at TGE, 3 cliff months, 18 months linear vesting
Airdrop 3%: TBD
Marketing+Liquidity Provision 4%: TBD

(8)Website: https://pencilsprotocol.io/
(9)Whitepaper: https://gitbook.pencilsprotocol.io/overview/pencils-protocol-whitepaper

4.Gate.io Labs Investment Disclosure
Gate.io Labs invested in Pencils Protocol (DAPP).

**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
September 24th, 2024

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Gate.io Startup Initial Free Offering: Pencils Protocol (DAPP) and Announcement of Free Distribution Rules (20,000 DAPP free of charge)

Gate.io Startup Initial Free Offering: Pencils Protocol (DAPP) and Announcement of Free Distribution Rules (20,000 DAPP free of charge)

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