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    Announcements Gate.io Startup Initial Free Offering: Karat Coin(KAT)and Announcement of Free Distribution Rules( 1,000,000 KAT free of charge)

    Gate.io Startup Initial Free Offering: Karat Coin(KAT)and Announcement of Free Distribution Rules( 1,000,000 KAT free of charge)

    2023-08-08 08:54:45 UTC 21007 Read

    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 Karat Coin(KAT) 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 Karat Coin(KAT)
    The largest protocol on ZKSync. Karat has over 300,000 wallets actively transacting. Each user has verified their web3 wallet and their web2 id/behavior data. Karat is a data access control middleware developed by senior engineers from Apple, Google, and Forbes 30u30 serial entrepreneur. It leverages on-chain MPC and ZK technologies to create a sharable Web 2 & 3 ID data layer. Karat has received investments from institutions such as Bitmart, NEO Eco, Longling Capital, Emurgo Capital, Milestone Capital, and others. Karat encrypts user data such as email and Twitter, links it to the user’s wallet, and stores it on IPFS. Users and nodes are then given the MPC private key, allowing them to completely decentralize control over all data access permissions. This infrastructure is intended to be the infrastructure of all future Dapps that require Web3 social, data indexing, advertising delivery, and login permission calls.

    (The information below is provided by the Karat Coin(KAT) team. Please follow Karat Coin(KAT) for more information)

    Token Information
    Token Name: Karat Coin
    Token Symbol: KAT
    Max Supply:2,000,000,000
    Token Type: zkSync Token
    Contract: https://explorer.zksync.io/address/0xCDb7D260c107499C80B4b748e8331c64595972a1#contract

    Token distribution ratio and unlocking rules:
    Operation 5%: 5% TGE unlocked, 3 month cliff, linear monthly release over 4 years
    Mining 74.5%: 2% TGE unlocked, no cliff, release within 10 years according to the rules in the Token Economy document
    Team 10.5%: TGE no unlock, 3 month cliff, linear monthly release over 4 years
    Advisor 0.5%: TGE no unlock, 3 month cliff, linear monthly release over 4 years
    Marketing 5%: TGE unlocks 5%, 3 month cliff, linear monthly release over 4 years
    Pre-seed round 1%: TGE no unlock, 3 month cliff, linear monthly release over 4 years
    Seed round 2.5%: TGE no unlock, 3 month cliff, linear monthly release over 4 years
    Public Sale 1%: 10% TGE unlocked, no cliff, 6% released quarterly over 4 years

    Website: https://karatdao.com/
    WhitePaper :https://docs.karatdao.com/

    Karat Coin(KAT) Startup Sale Rules
    (1) Duration: 06:00am 21st August, 2023 - 06:00am 22nd August, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
    (2) Trading Starts Time: 09:00am 22nd August, 2023 (UTC)
    Trading Pairs: KAT/USDT
    (3) Price: 0 USDT
    (4)Startup Supply : 1,000,000 KAT
    (5) Unlock rule: 100% unlock.
    (6) 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
    (7) Purchase limit: The maximum contribution limit for a single user is 1500 shares; the relationship between the VIP level and the maximum contribution allocation, please refer to the link: https://www.gate.io/article/29892
    (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) 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 Karat Coin(KAT) 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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    Reach out to us!
    Twitter: https://twitter.com/gate_io
    GateVIP Twitter:https://twitter.com/Gateio_Inst
    Telegram: https://t.me/gate_zh
    API Telegram: https://t.me/gateioapi
    Instagram: https://www.instagram.com/gateioglobal
    Medium: https://gateio.medium.com/
    Podcast: https://gateio.buzzsprout.com/?ch=buzzs

    Gate.io Team
    August 8th, 2023

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