Gate.io Startup Initial Free Offering: GARI Network(GARI) and Announcement of Free Distribution Rules (250,000 GARI 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." Free airdrops for excellent blockchain projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens via airdrop benefits.

Gate.io Startup will launch its next project, GARI Network(GARI), at 09:00 AM on January 17th (UTC), 2022.

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

Introduction to GARI Network(GARI)
GARI Network aims to build a crypto-powered creator economy on Chingari, India's fastest growing short-form video app. The GARI token exists to incentivize content creators to produce genuine content while keeping viewers engaged with transparent tipping features, exclusive content, and direct participation in platform operations.

(The information below is provided by the GARI Network team. Please follow their website for more information）

Token Information
Token name: Gari
Token symbol: GARI
Max Supply: 1,000,000,000 GARI
Token Type: SPL
Token Contract: CKaKtYvz6dKPyMvYq9Rh3UBrnNqYZAyd7iF4hJtjUvks
Token Distribution and Unlocking Rules:
*Seed: 10%
2 Years lockup. 50% Unlock at Year 2, with the rest vesting equally every 30 days over four months.
*Private: 10%
2 Years lockup. 50% Unlock at Year 2, with the rest vesting equally every 30 days over four months.
*SAFT0: 12.48%
2 Years lockup. 50% Unlock at Year 2, with the rest vesting equally every 30 days over four months.
*Public Sale: 2.06%
Fully unlock
*Public Sale (Vest 12): 0.5%
12 Months Lockup, 100% after lockup.
*Public Sale (Vest 18): 0.85%
18 Months Lockup, 100% after lockup.
*Public IDO: 0.67%
Fully unlock
*Public IDO (Vest 12): 0.84%
12 Months Lockup, 100% after lockup.
*Public IEO: 1.1%
Fully unlock
*Airdrop: 5%
6 Months Lockup In App
*Market Making: 1.5%
Unlock when it’s needed
*Reserve: 25%
Requires Voting to be unlocked
*Team: 15%
To be staked for Voting
*Staking Rewards: 15%
Mints at 10% APY to stakers distributed monthly

Website: https://gari.network
Whitepaper: https://media.chingari.io/apipublic/uploads/Gari+Whitepaper+V1.03.pdf
Token Information: https://solscan.io/token/CKaKtYvz6dKPyMvYq9Rh3UBrnNqYZAyd7iF4hJtjUvks

GARI Network Startup Sale Rules
(1) Duration: 09:00 AM on January 17th-09:00 AM on January 18th (UTC), 2022.(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) To participate in the Startup Sale, users will need to be VIP1 and above.
(3) Price: $0; Public Sale Price: $0.2; Startup Supply: 250,000 GARI
(4) Purchase limit: The maximum subscription limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subscription allocation is:
the maximum number of subscriptions (not the final actual subscription 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
(5) Unlocking Rule: Unlock
(6) Users place orders using USDT.
(7) Users can place orders from 09:00 AM on January 17th-09:00 AM on January 18th (UTC), 2022. Orders placed by qualified users within these 24 hours will be treated equally.
(8) 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.
(9) Each type of currency can only be purchased once with each KYC account.
(10) After 09:00 AM(UTC) on January 18th , 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.
(11) Trading starts time: 13:00 (UTC) on January 18th

Gate.io Labs Investment Participating Disclosure
Gate.io Labs didn’t invest in GARI Network

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 that your participation in the token sale on Startup complies with local laws and regulations.
(2) Risk Warning:
- The project team does not guarantee that the 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 GARI, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from the liquidity pool transaction fee and GT token rewards from the liquidity reward pool. High annual rate rewards with security.

AMM Trading Market and AMM Liquidity Mining
Gate.io has launched a new version of the liquidity pool (centralized automated market maker (AMM) transaction service) on August 1st, 2021 by 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 the bonus and withdraw at any time

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Gate.io Team
January 15th, 2022