Announcements Gate.io Startup Initial Free Offering: Wirex Pay (WPAY) and Announcement of Free Distribution Rules (1,600,000 WPAY free of charge)

Gate.io Startup Initial Free Offering: Wirex Pay (WPAY) and Announcement of Free Distribution Rules (1,600,000 WPAY free of charge)

2024-10-01 12:01:09 UTC 6857 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 Wirex Pay (WPAY) 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"

**2.Wirex Pay (WPAY) Startup Participation Rules**
Duration: 8:00 AM October 6th, 2024 - 8:00 AM October 8th, 2024 (UTC) (Orders placed by qualified users within the subscription period will be treated equally.)
Trading starts time: 12:00 PM October 8th, 2024 (UTC)(Trading pair: WPAY/USDT)
Fundraising Goal: $80,000 USDT
Startup Supply: 1,600,000 WPAY
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: https://www.gate.io/announcements/article/37836
Learn more about the rules for available shares of different VIP levels: https://www.gate.io/help/guide/faq/25687/startup-faq
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 Wirex Pay (WPAY) team. Please follow the Wirex Pay (WPAY) website for more information）
(1)Introduction：
Wirex Pay represents the future of digital payments, seamlessly integrating blockchain technology with traditional finance. Designed as a modular payment chain and incubated by Wirex, a global leader in the crypto debit card market, Wirex Pay leverages the power of Polygon ZK to offer unparalleled transaction efficiency and security. Supported by Visa, Wirex Pay aligns closely with Visa's vision for the future of payments, emphasizing collaboration in driving fintech innovation.
(2)Token name: Wirex Pay
(3)Token symbol: WPAY
(4)Max Supply: 10,000,000,000
(5)Token Type: MATIC
(6)Token Contract: https://polygonscan.com/token/0x7ABE9Edf5C544A04dA83e9110CF46DBC4759170c
(7)Token Distribution and Unlocked Rules:
Team: 20%, 0% unlock at TGE, 12 months cliff, 36 months linear daily release;
Point based Airdrop: 5%, 0% unlock at TGE, 3 months cliff, 9 months linear daily release;
veWPAY Rewards: 12.86%, 0% unlock at TGE, 6 months cliff, then release within 60 months;
Liquidity: 4%, 50% unlock at TGE, 7 months cliff, then release within 24 months;
Treasury: 38.14%, 10% unlock at TGE, no cliff, 67 months linear daily release;
Node rewards: 20%, 0% unlock at TGE, 2 months cliff, 60 months linear daily release;

(8)Website:  https://www.wirexpaychain.com/
(9)Whitepaper:  https://docs.wirexpaychain.com/

**4.Gate.io Labs Investment Disclosure**
Gate.io Labs has not invested in Wirex Pay (WPAY).

**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
October 1st, 2024

Gate.io Startup Initial Free Offering: Wirex Pay (WPAY) and Announcement of Free Distribution Rules (1,600,000 WPAY free of charge)

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