Gate.io Startup Free Offering: Hiblocks (HIBS) and Announcement of Free Distribution Rules( 221,392,411 HIBS 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 Hiblocks (HIBS) 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 Hiblocks (HIBS)
Hiblocks is a blockchain-utilizing social media platform that aims to decentralize the current monetization system of social networks. As a novel concept blockchain project, it will provide value to users by reinventing the transparency of revenue sharing within social media platforms.

(The information below is provided by the Hiblocks (HIBS) team. Please follow Hiblocks (HIBS) for more information）

Token Information
Token Name: Hiblocks
Token Symbol: HIBS
Max Supply：20,000,000,000
Token Type: KIP-7
Contract:0xe06b40df899b9717b4e6b50711e1dc72d08184cf
Token distribution ratio and unlocking rules:
1. Platform Reward(40%): 8,000,000,000 HIBS - to support token ecosystem and reward
Lockup for 2month from the TGE and fairly distribute until +128 months (10 years).
2. Token Sales(13.5%): 2,700,000,000 HIBS - private sale participants / Lockup for 1 month from the TGE and vesting period from 8 to 12 months depending on private sales condition.
3. Company Reserve(16.5%): 3,300,000,000 hibs to support business volume / No lock up, fairly distribute until +42
4. Marketing(6%): 1,200,000,000 hibs - to support marketing / No lock up, farily distribute until +33M
5. Partner(5%): 1,000,000,000 hibs to support business volume / No lock up, farily distribute until +33M
6. Development(5%): 1,000,000,000 HIBS - to support development / Lockup for 4 months from the TGE and fairly distribute for 33 months
7. Team(14%): 2,800,000,000 HIBS - to support team / Lock-up for 12 months from the TGE and fairly distribute for 50 months.

Website: https://www.hiblocks.io
WhitePaper ：https://www.hiblocks.io/documents/hiblocks_whitepaper_en.pdf

Hiblocks (HIBS) Startup Sale Rules
(1) Duration: 07:00 AM 04th December, 2022 - 07:00 AM 05th December 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 10:00 AM 05th December, 2022 (UTC)
Trading Pairs: HIBS/USDT
(3) Price: 0 USDT
(4)Startup Supply : 221,392,411HIBS
(5) Users purchase using USDT.
(6) Unlock rule: 100% unlock.
(7) To participate in Startup Sale, VIP 0 users need to hold no less than 500 USD worth of Spot Assets in balance, and the number of share will be 1/4 of VIP 1 users’ share;
The higher the VIP tier, the more shares.
For VIP 1 and above, the higher the VIP level the higher the contribution share will be.
Each user can only purchase once with 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 hasn't participated in the Hiblocks (HIBS) investment.

Attention
(1) Countries not supported: the United States, Canada, Malaysia, Singapore, Mainland China, Malta, Cuba, Iran, North Korea, Crimea, Sudan, Syria, Bangladesh, Bolivia.
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.

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Gate.io Team
December 1st, 2022