Announcements Gate.io Startup Prime Project: Schrodinger (SGR) GT Subscription Details Announcement

Gate.io Startup Prime Project: Schrodinger (SGR) GT Subscription Details Announcement

2024-03-19 02:37:46 UTC 30906 Read

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This Schrodinger (SGR) will only be available for GT subscriptions. Please be aware that the participation users’ funds will be deducted at the end of this Schrodinger (SGR) Subscription.

Project Startup Link: https://www.gate.io/zh/startup/1273

**GT Users Exclusive Subscription Shares: **
Gate.io will introduce more exclusive Airdrops or PRIME Subscriptions for GT users. The Announcement of Schrodinger (SGR) was made in a short period of time, so the average GT Holding was calculated based on 7 days. For all subsequent exclusive Airdrops or PRIME Subscription Projects for GT users, the average GT Holding will be calculated based on 14 days, and the maximum available number of shares for subscription will be 1500. **(GT Holding Calculation including the asset in the Lending/Borrowing Market, and the GT bought with USDT borrowed from Margin Trading; however, GT borrowed from Margin Trading is not included)**

**Schrodinger (SGR) Subscription Rules are detailed as below:**
**Token Name：**Schrodinger
**Token Symbol：** SGR
**Duration： In UTC, March 19th, 06:00 AM 2024 - March 20th, 06:00 AM 2024** (Orders placed by qualified users within these 24 hours will be treated equally)
**Trading Starts Time：** **In UTC, March 20th, 10:00 AM 2024**
**Users can only subscribe by using the GT**
**Subscription Price：** **1GT=13.6 SGR**
(GT pricing was calculated based on the average price during the period from 13 March 2024 00:00 AM UTC to 19 March 2024 00:00 AM UTC, during which time, the GT Average Price was **$6.8 USDT**)
**Startup subscription target：**7,720 GT
**Startup Total Supply：**105,000 SGR
**Subscription Share：**2.94 GT/Share
**Unlock Rule：**100% Unlock
**Subscription Limit：**
When the user subscribes, Gate.io will take the smaller subscription share as the user's participation share between the VIP level subscription share and the user's average 7-day GT Holding share.
The GT Holding Maximum Shares (not equal to actual shares subscribed) = (Average 7-day GT balance/20) An integer value shall be adopted. The Subscription limit is 1,500 orders.
The Maximum Shares in VIP is 1500 shares. For the relationship between the VIP level and the maximum subscription allocation, please refer to the link: https://www.gate.io/article/29892
E.g. :
User X is in VIP 10, and VIP 10 maximum subscription shares are 1500. User X did not hold GT before the subscription, User X bought 7,000 GT on the last day of the 7-Day. So User X has a GT Balance of: 7000* 1 Day Balance/7 Days = 1000 GT. The subscription shares would be 1000/20 = 50 Shares. Gate.io will take the smaller subscription share between VIP and 7-Day Average GT Holding. Then, User X can subscribe to 50 shares.

If User X 7-Day Average GT Holding goes up to 50,000 GT, the Subscription Share is 50,000/20 = 2,500 Shares. Gate.io will take the smaller subscription share between VIP and 7-Day Average GT Holding. Then, User X can subscribe to 1,500 Shares.

Subscription orders will be accepted from 19 March at 06:00 AM UTC to 20 March at 06:00 AM UTC. Subscription orders from eligible users within 24 hours of the start date will be treated equally.

Before 10:00 AM UTC on March 20th, users need to ensure that there is sufficient balance (exceeding the subscription value) in accounts for the subscription after placing the orders. An insufficient balance will result in the cancellation of the subscription order.

VIP user tokens will be distributed by checking the user's VIP level, 7-day average GT Holding, and GT margin adequacy. The actual shares received will be determined by the actual VIP level and 7-day average GT Holding at the time of distribution.

**Announcement of results：** After the end of the day’s subscription, the system will count all eligible subscription orders.

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 Investment Disclosure**
Gate.io Labs did not invest in Schrodinger (SGR).

**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
March 19th, 2024

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Gate.io Startup Prime Project: Schrodinger (SGR) GT Subscription Details Announcement

Gate.io Startup Prime Project: Schrodinger (SGR) GT Subscription Details Announcement

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