Announcements Gate.io Startup Free Offering: Open Exchange (OX) and Announcement of Free Distribution Rules (705,212 OX free of charge)

Gate.io Startup Free Offering: Open Exchange (OX) and Announcement of Free Distribution Rules (705,212 OX free of charge)

2023-08-25 03:07:17 UTC 22945 Read

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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,  Open Exchange (OX), on August 28th, 2023 at 04:00 AM (UTC).
 
Startup Link: https://www.gate.io/startup
 
**Introduction to Open Exchange (OX)：**
OPNX’s vision is to combine the best of DeFi + CeFi to create a truly next-gen derivatives exchange, applying the painful lessons learned by the industry. For instance, the OX stake-to-trade-for-free model solves alignment problems between exchanges and traders.

OPNX’s focus has been tokenizing innovative Real World Assets suffering opaque + inaccessible markets to make them tradable on transparent order books. This began with onboarding the $20B and 20M user crypto bankruptcy claims market. Celsius and FTX claim trading are now live, allowing users to immediately unlock and utilize the value of their claim.

(The information below is provided by the Open Exchange (OX) team. Please follow the website for more information）
 
**Token Information**
Token name: Open Exchange 
Token symbol: OX
Max Supply: 9,860,000,000 OX
Token Type: Ethereum, Polygon, BSC, Arbitrum
Token Contract: 
0x78a0a62fba6fb21a83fe8a3433d44c73a4017a6f (on all chains)

Token Distribution and Unlocked Rules:
Current supply - Fully unlocked
-FLEX holders may convert their holdings to OX until 28th Aug 2023, when the 3-month conversion period ends. 34,734,543.88 FLEX converted so far

Website: http://www.opnx.com 
Whitepaper: https://opnx.com/ox/whitepaper 
Token Information: 
https://bscscan.com/token/0x78a0a62fba6fb21a83fe8a3433d44c73a4017a6f 
https://polygonscan.com/token/0x78a0a62fba6fb21a83fe8a3433d44c73a4017a6f 
https://arbiscan.io/token/0x78a0a62fba6fb21a83fe8a3433d44c73a4017a6f 
https://etherscan.io/token/0x78a0a62fba6fb21a83fe8a3433d44c73a4017a6f

**Open Exchange (OX)Startup Sale Rules**
(1) Duration: 04:00 AM on August 28th - 04:00 AM on August 29th (UTC), 2023 Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 07:00 AM on August 29th (UTC), 2023
(3) Price: $0; Startup Supply: 705,212 OX 
(4) Unlocking Rule: Unlock
(5) Startup Participation Rules:
Each user can only purchase once with KYC account.
a) Startup Participation Rules for VIP Users:
1.For Airdrop Projects, the system will no longer verify the VIP Users’ assets adequacy, instead, the system will verify the Users’ VIP Level. The actual shares each VIP User received will be determined based on the actual VIP Level at the time of token distribution.
2.Purchase limit: The maximum contribution limit for a single user is 1500 shares. The VIP Users’ existing subscription share rules remain unchanged and can get 100% airdrops. The higher the VIP level, the more Startup airdrop shares can be subscribed.
The relationship between the VIP level and the maximum contribution allocation, please refer to the link: https://www.gate.io/article/29892
b) Startup Participation Rules for Non-VIP Users (VIP 0 Users):
Spot assets not less than 10 USD, after participating in the subscription, whether the Non-VIP Users win or not will be announced at the end of the project subscription.
A portion of lucky Non-VIP Users will be randomly selected and the airdrop amount will be evenly distributed.
Non-VIP users who use Startup vouchers to join the subscription will have their Voucher benefits prioritized. Startup vouchers guarantee a 100% corresponding share, the specific subscription rules can be found at https://www.gate.io/zh/article/31899 .
(6) Announcement of results: After the end of the day’s subscription, the system will count all eligible subscription orders.
VIP users will be distributed according to the ratio of the individually subscripted tokens to the total subscripted tokens.
Non-VIP users will be randomly selected as part of the lucky Non-VIP users and the airdrop quota will be distributed equally. The subscription results will be announced before listing.
(7) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behaviour, and any cheating behaviour is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.

**Gate.io Labs Investment Participating Disclosure**
Gate.io Labs didn’t invest in Open Exchange (OX)

**Attention**
(1) Countries not supported: USA, 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 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.

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Gate.io Team
August 25th, 2023

Gate.io Startup Free Offering: Open Exchange (OX) and Announcement of Free Distribution Rules (705,212 OX free of charge)

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