Gate.io Startup Initial Free Offering WingRiders(WRT)and Announcement of Free Distribution Rules( 400,000 WRT 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 WingRiders (WRT) 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 WingRiders (WRT)
WingRiders is an Automated market maker (AMM) decentralized exchange (DEX) on top of the Cardano eUTxO model live on the main chain. The project's code base is powered by VacuumLabs, one of the most widely respected developers in the Cardano space from its inception.
Wing Riders: Only DeFi Ecosystem on Cardano with Stablecoins
Nearly 100% of the USDC and USDT on Cardano is on Wing Riders' smart contracts. The net amount is growing rapidly, at a pace of 60% each week.
Wing Riders is utilizing this opportunity to become the complete DeFi Hub on Cardano, a $15B+ economy.

(The information below is provided by the WingRiders (WRT) team. Please follow WingRiders (WRT) for more information）

Token Information
Token name: WingRiders GovernanceToken
Token symbol: WRT
Max Supply：100,000,000
Token Type: Cardano Native Token
Contract: c0ee29a85b13209423b10447d3c2e6a50641a15c57770e27cb9d5073
Token distribution ratio and unlocking rules:
Incubation entities： 20% 6 months cliff and 30 months vesting
Future platform hires： 5% 6 months cliff and 30 months vesting
Partnerships&Marketing： 5% 6 months cliff and 30 months vesting
Presale Participants： 6% TGE 5%, 3 months cliff and 24 months vesting
Private： 6% TGE 10%, 3 months cliff and 24 months vesting
Public sale： 4.84% TGE 15%, 2 months cliff and 12 months vesting
Ecosystem development：53.16% Undecided （Project Treasury)

Website: https://www.wingriders.com
WhitePaper ：https://assets.wingriders.com/whitepaper.pdf

WingRiders (WRT) Startup Sale Rules
(1) Duration: 8:00 AM 13th July, 2022 - 8:00 AM 14th July, 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 10:00 AM 14th July, 2022 (UTC)
Trading pairs: WRT/USDT
(3) Price: 0 USDT
(4) Startup Supply : 400,000 WRT
(5) Users purchase using USDT.
(6) Unlock rule: 33.3% at TGE, 33.3% on month 2 and 33.3% on month 3
(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 WingRiders (WRT) 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.


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Gate.io Team
July 8th, 2022