Announcements Gate.io Startup Initial Free Offering: Vertex(VRTX)and Announcement of Free Distribution Rules( 127,673 VRTX free of charge)

Gate.io Startup Initial Free Offering: Vertex(VRTX)and Announcement of Free Distribution Rules( 127,673 VRTX free of charge)

2023-11-20 14:49:18 UTC 22992 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", 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 Vertex (VRTX) 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 Vertex (VRTX)**
Vertex is a spot and perpetual DEX elevating crypto trading with the agility of centralized platforms and integrity of decentralized protocols.

Designed for frictionless trading by both retail and institutional traders, Vertex is powered by an offchain orderbook and onchain matching architecture to offer CEX-level performance with the assurance of self-custody.

(The information below is provided by the Vertex (VRTX) team. Please follow Vertex (VRTX) for more information）
 
Token Information
Token Name: Vertex
Token Symbol: VRTX
Max Supply：1,000,000,000
Token Type: ERC-20
Contract:
https://etherscan.io/token/0xbbEE07B3e8121227AfCFe1E2B82772246226128e 
https://arbiscan.io/token/0x95146881b86b3ee99e63705ec87afe29fcc044d9
Token distribution ratio and unlocking rules: 
Ongoing Incentives 34.0%: 340,000,000 VRTX, no cliff period, vesting linearly for 72 months
Initial Token Phase 10.0%: 100,000,000 VRTX, 100% unlocked at TGE, no cliff period and vesting period.
Early investors 8.8%: 88,000,000 VRTX, cliff period for 6 months, vesting linearly for 12 months.
Future Contributors 5.0%: 50,000,000 VRTX, cliff period for 12 months, vesting linearly for 60 months.
Ecosystem Development 9.0%: 90,000,000 VRTX, no cliff period, vesting linearly for 36 months.
Liquidity Bootstrapping Auction 1.0%: 10,000,000 VRTX, no cliff period, vesting linearly for 4 months.
Advisory 0.5%: 5,000,000 VRTX, cliff period for 6 months, vesting linearly for 12 months.
Treasury 11.7%: 117,000,000 VRTX, 41% unlocked at TGE, no cliff period and 59% of treasury is released linearly for 36 months.
Founding Team 20.0%: 200,000,000 VRTX, cliff period for 6 months, vesting linearly for 18 months.
 
Website: https://vertexprotocol.com/
WhitePaper ：https://docsend.com/view/36udgbk4a3bxniat
 
**Vertex (VRTX) Startup Sale Rules**
(1) Duration: 21:00 pm 20th Nov, 2023 - 09:00 am 21st Nov, 2023 (UTC)(Orders placed by qualified users within these 12 hours will be treated equally.)
(2) Trading Starts Time: 13:00 pm 21st Nov, 2023 (UTC)
Trading Pairs: VRTX/USDT
(3) Price: 0 USDT
(4)Startup Supply : 127,673 VRTX
(5) Unlock rule: 100% unlock.
(6) Startup Participation Rules:
Each user can only purchase once with a KYC account.
a) Startup Participation Rules for VIP Users:
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.
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/article/31899.
(7) 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.
(8) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behavior is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.

**Gate.io Labs Private Sale Participating Disclosure**
Gate.io Labs hasn't participated in the Vertex (VRTX) investment.

**Attention**
(1) Please be noted that we may restrict or prohibit the use of all or a portion of the Services (including the participation in this event, game or competition) from Restricted Locations, including but not limited to the United Kingdom, United States of America, Mainland China, Singapore, Canada, France, Germany, Hong Kong, Lithuania, Malaysia, Malta, Cuba, Iran, North Korea, Sudan, Syria, Crimea Region, Spain, Luhansk, Donetsk, Netherlands, Bolivia and so on.

We may in our sole and absolute discretion elect to make the Services, or only part of the Services available in certain jurisdictions. For more information regarding the Restricted Locations, please read the User Agreement “[Section 2.3(d) Restricted Locations](https://www.gate.io/user-agreement "Section 2.3(d) Restricted Locations")”. We do not intend to solicit or conduct marketing towards customers in such Restricted Locations.
(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
Nov 20th, 2023

Gate.io Startup Initial Free Offering: Vertex(VRTX)and Announcement of Free Distribution Rules( 127,673 VRTX free of charge)

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