Gate.io Startup Free Offering: AdaSwap(ASW) and Announcement of Free Distribution Rules( 20,000,000 ASW free of charge)

About Gate.io Startup Free Airdrop Program In order to reward platform users, Gate.io launched the "Startup Project Free Airdrop Program", and free airdrops for blockchain excellent projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens airdrop benefits.

This AdaSwap(ASW)Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of event.

Startup Link: https://www.gate.io/startup

Introduction to AdaSwap(ASW)
AdaSwap is building a gamified DEX for the Cardano network that enables the crypto community to easily swap Cardano-based tokens in seconds with low fees. As part of that project, it’s also creating a native Cardano NFT marketplace named ADANFT.
AdaSwap will launch fixed, long-term and high-yield liquidity pools that will allow token holders to buy and sell Cardano-based tokens and NFTs.

(The information below is provided by the AdaSwap(ASW) team. Please follow AdaSwap(ASW) for more information）

Token Information
Token name: AdaSwap
Token symbol: ASW
Max Supply：10,000,000,000
Token Type: ERC-20
Contract: Ethereum: 0x56694577564FdD577a0ABB20FE95C1E2756C2a11
Token distribution ratio and unlocking rules:
Seed:0.3% 5% at TGE - Locked for 90 days - 5% release after 90 days - linear vesting of 10% per month
Private 1: 4.6% 5% at TGE - Locked for 90 days - 5% release after 90 days - linear vesting of 10% per month
Private 2: 2.5% 7.5% at TGE - Locked for 90 days - 7% release after 90 days - linear vesting of 9.5% per month
Public: 0.66% 50% at TGE - Locked for 30 days - 50%
Team:11% Locked for 12 months - linear vesting over a period of 1 year
Advisors:7% Locked for 6 months - linear vesting over 36 months
Marketing: 10% Locked for 3 months - linear vesting over a period of 10 months
Developers:13% Locked for 180 days - linear vesting over a period of 25 months
Liquidity: 5% 7.5% at TGE- Locked for 30 days- 7.5% release after 30 days- linear vesting over 17 months
LP FARMING: 45.94% Locked for 7 days- 1.67% release after 7 days- 1.67% release after 14 days- 1.67% release after 21 days-linear vesting over a period of 7 months of 5%- linear vesting over a period of 30 months of 2%

Website:https://adaswap.app/
WhitePaper ：https://adaswap.app/AdaSwap-Whitepaper.pdf

AdaSwap(ASW) Startup Sale Rules
(1) Duration: 09:00am 4th Apr, 2022 - 09:00am 5th Apr, 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 12:00pm 5th Apr, 2022 (UTC)
Trading pairs: USDT/ASW
(3) Price: 0 USDT(Public Sale Price: $0.005)
(4)Startup Supply : 20,000,000 ASW
(5) Users purchase using USDT.
(6) Unlock rule: 100% unlock.
(7) To participate in Startup Sale, users will need to be VIP1 and above, can only purchase once with each KYC account.
(8) Purchase limit: The maximum contribution limit for a single user is 1000 shares; the relationship between the VIP level and the maximum contribution allocation is:
the maximum number of contributions (not the final actual contribution number) = the square of the VIP level multiplied by 10. For example:
VIP2 users can subscribe up to 2 * 2 * 10 = 40 shares
VIP3 users can subscribe up to 3 * 3 * 10 = 90 shares
(9) Users need to ensure that there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders until we announce the sale result. An insufficient balance will result in the cancellation of the purchase order.
(10) We will collect all the qualified orders and distribute the tokens according to the ratio of the individual purchase orders to the purchase orders in total. The final result will be announced before trading starts.

Gate.io Labs Private Sale Participating Disclosure
Gate.io Labs participated in the AdaSwap(ASW) investment.

Attention
(1) Countries not supported: Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Burundi, Burma, Canada, China, Democratic Republic of Congo, Cuba, Ethiopia, Guinea-Bissau, Guinea, Iran, Iraq, Japan, Liberia, Lebanon, Libya, Macedonia, Malaysia, New Zealand, Serbia, Sri Lanka, Sudan, Somalia, Syria, Thailand, Trinidad and Tobago, Tunisia, Uganda, Ukraine, United States of America, Venezuela, Yemen, Zimbabwe.
For users from other countries, please check and make sure your participation in the token sale on Startup complies with local laws and regulations.
(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.

Gate will open an Automated Market Maker (AMM ) for ASW, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from liquidity pool transaction fee and GT token rewards from liquidity reward pool. High annual rate rewards with secure.

AMM Trading Market and AMM Liquidity Mining
Gate.io has launched a new version of the liquidity pool (centralized automatic market maker (AMM) transaction service) on August 1st, 2021: allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate.io will continue to add different currencies, please pay close attention to follow-up announcements.

The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:
1) Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
2) A fixed percentage (such as 50%) of the transaction fee will automatically be changed into GT through the open market and put into the AMM Reward Pool.
3) Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.
4) Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.
5) Liquidity providers can take bonuses and withdraw at any time


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Gate.io Team
Mar 30th, 2022