Announcements Gate.io Startup Initial Free Offering: Degen Distillery (DRINK) and Announcement of Free Distribution Rules (1,277,778 DRINK free of charge)

Gate.io Startup Initial Free Offering: Degen Distillery (DRINK) and Announcement of Free Distribution Rules (1,277,778 DRINK free of charge)

2024-09-25 13:01:43 UTC 13250 Read

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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 Degen Distillery (DRINK) 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/1874" 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.Degen Distillery (DRINK) Startup Participation Rules
Duration: 10:00 AM September 30th, 2024 - 10:00 AM October 2nd, 2024 (UTC) (Orders placed by qualified users within the subscription period will be treated equally.)
Trading starts time: 2:00 PM October 2nd, 2024 (UTC) (Trading pair: DRINK/USDT)
Fundraising Goal: $23,000 USDT
Startup Supply: 1,277,778 DRINK
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/help/guide/faq/25687/startup-faq
(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 mATRSple 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 Degen Distillery (DRINK) team. Please follow the Degen Distillery (DRINK) website for more information）
(1)Introduction：
Partnered with Brewdog & Google to co-create the future of the spirits industry alongside a global community of risk-takers, creators & innovators. Built on our proprietary “Tokenised Affiliate Protocol” to allow community to sell our products and tokenise the sales contracts, creating a revolutionary new asset class. The future of RWAs & Consumer Crypto.

More details: 
(2)Token name: Degen Distillery
(3)Token symbol: DRINK
(4)Max Supply: 721,000,000
(5)Token Type: BASE
(6)Token Contract: https://basescan.org/token/0x2dc90fa3a0f178ba4bee16cac5d6c9a5a7b4c6cb
(7)Token Distribution and Unlocked Rules:

15% Private: 8% released at TGE, followed by a 2 month cliff and 15 month vesting period
4.5% Private 2: 8% released at TGE, followed by a 2 month cliff and 14 month vesting period
3.9% Strategic: 17% released at TGE, followed by a 2 month cliff and 12 month vesting period
5.4% Public: 20% released at TGE, followed by a 1 month cliff and 6 month vesting period
10% Liquidity: 60% released at TGE, followed by a 6 month vesting period
15% Team: 12 months cliff followed by 36 months vesting period
5% Advisors : 6 months cliff followed by 24 months vesting period
3.24% NFT Holders: 10% released at TGE, followed by a 2 month cliff and 9 month vesting period 
5.16% Reserve: 18 months cliff followed by 30 months vesting period
8% Marketing: 3 months cliff followed by 24 months vesting period
10.8% Treasury: 6 months cliff followed by 42 months vesting period
14% Ecosystem: 1 month cliff followed by 48 months vesting period

(8)Website: http://www.degendistillery.com
(9)Whitepaper: https://docsend.com/view/tuae83qcqiti9sd4

4.Gate.io Labs Private Sale Participating Disclosure
Gate.io Labs has not invested in Degen Distillery (DRINK).

**5.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
Sep 25th，2024

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Gate.io Startup Initial Free Offering: Degen Distillery (DRINK) and Announcement of Free Distribution Rules (1,277,778 DRINK free of charge)

Gate.io Startup Initial Free Offering: Degen Distillery (DRINK) and Announcement of Free Distribution Rules (1,277,778 DRINK free of charge)

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