Announcements Gate.io “Launchpool” Initial Offering: Fyde(FYDE) and Announcement of Distribution Rules

Gate.io “Launchpool” Initial Offering: Fyde(FYDE) and Announcement of Distribution Rules

2024-10-05 07:39:31 UTC 23274 Read

FYDE/USDT -5.31%

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About Gate.io Launchpool Program
Launchpool is a platform where users can stake their assets or provide liquidity to earn rewards in new project tokens. Users can lock specified tokens in the Launchpool pool to receive corresponding project token rewards.
<a href="https://www.gate.io/startup-mining?gt_disable_intercept_jump=1&needNavBar=0" target="_blank">Visit Launchpool and learn more</a>

Introduction to “Launchpool” Project Fyde(FYDE)：
Fyde bridges AI x DeFi by bringing the Liquid Vault archetype to Ethereum. Fyde helps users consistently lock in gains, earn yield, and stay liquid. Liquid Vaults accept a variety of tokens which are automatically distributed across a diverse range of tokens and rising narratives. Gains from winners are locked in, and losses from losers are reduced. Through its AI models, Fyde helps protect against rugpulls and severe downside events, enabling users to grow crypto holdings faster with less volatility.

Fyde(FYDE) Launchpool Rules
(1) Launchpool Duration: 08:00 AM on October 5th - 08:00 AM on October 10th (UTC), 2024
(2) Trading starts time: 10:00 AM on October 9th (UTC), 2024
(3) Initial circulation: 8,800,000 FYDE(8.8%)
(4)Launchpool allocation：1,000,000 FYDE
(5)Total Hourly Rewards：8,333.33 FYDE
(6)Staking Asset：GT
  -Hourly Reward Cap Per User: 833.33 FYDE
  -Minimum Staking Amount: 0.1 GT
(7) Unlocking Rule: 100% Unlock
(8) Launchpool Participation Rules:
  1) Users can stake GT to earn FYDE.
  2) The system will take multiple snapshots of personal staking amounts hourly, and token rewards are distributed to eligible users. Hourly earnings will be distributed into users’ spot accounts.
  3) Hourly staking reward = (Individual latest 1-hour valid staking amount / Total pool staking amount) × Hourly reward pool
  4) Users can increase or redeem the staked assets at any time during the staking period.
  
(The information below is provided by the Fyde(FYDE) team. Please follow the website for more information）

Token Information
Token name: Fyde
Token symbol: FYDE
Max Supply: 100,000,000
Token Type: ERC-20
Token Contract: https://etherscan.io/token/0x8a462e6a0051d006e33152fbeadfb9a14198de30
Token Distribution and Unlocked Rules:
-Investors: 19.3% 19,333,333, TGE unlock 3.5%, 12 months cliff, 24 months vesting 
-Founders/Team: 12.5%, 12,500,000, TGE unlock 2.0%, 12 months cliff, 24 months vesting 
-Developers: 10.0%,10,000,000, TGE unlock 2.0%, 12 months cliff, 24 months vesting 
-Advisors: 2.0%, 2,000,000, TGE unlock 2.0%, 12 months cliff, 24 months vesting 
-Treasury: 51.2%, 51,166,667, TGE unlock 10.0%, 12 months cliff, 60 months vesting 
-Partnerships/Exchanges: 5.0%, 5,000,000, TGE unlock 50.0%, 12 months cliff, 24 months vesting 
Website: http://www.fyde.fi
Whitepaper: https://docs.fyde.fi/
Token Information:https://etherscan.io/token/0x8a462e6a0051d006e33152fbeadfb9a14198de30

Gate.io Labs Investment Participating Disclosure
Gate.io Labs hasn't participated in the Fyde(FYDE) investment.

**4.Notice**
(1) The system will take multiple snapshots of personal staking amounts each hour, and take the average staking amount as the valid staking amount.
(2) After the staking ends, the staked assets will be automatically redeemed.
(3) After the user redeems in advance or the staking is completed, the staked assets will be transferred to Simple Earn by default. If this option is unchecked, the staked assets will be redeemed into spot assets. If the amount of redeemed assets is too small and does not meet the minimum subscription amount of Simple Earn, the assets will be automatically transferred to spot assets. Additionally, if Simple Earn does not support the subscription of the redeemed token, the assets will also be automatically transferred to spot assets.
(4) Before participating in Launchpool, please ensure that you fully understand the participation rules. <a href="https://www.gate.io/help/guide/faq/37021/startup-mining-faq" target="_blank">Click here</a> to learn more details.
(5) The use of duplicate accounts and any other cheating behaviors are strictly prohibited. Any cheating behavior will result in disqualification for receiving rewards.
(6) Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
(7) Gate.io reserves all rights to the final explanation.
(8) 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 <a href="https://www.gate.io/user-agreement" target="_blank">User Agreement</a> for further details on Restricted Locations.

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Gate.io Team
October 5th, 2024

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Gate.io “Launchpool” Initial Offering: Fyde(FYDE) and Announcement of Distribution Rules

Gate.io “Launchpool” Initial Offering: Fyde(FYDE) and Announcement of Distribution Rules

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