Announcements GT Holder-Exclusive Airdrop: Gate.io Initial Startup Free Offering: Waterfall (WATER) and Only GT Subscription Rules Announcement ( 5,000,000 WATER free of charge）

GT Holder-Exclusive Airdrop: Gate.io Initial Startup Free Offering: Waterfall (WATER) and Only GT Subscription Rules Announcement ( 5,000,000 WATER free of charge）

2024-07-05 07:00:45 UTC 12918 Read

WATER/USDT + 0.92%

[//]:content-type-MARKDOWN-DONOT-DELETE
This Waterfall  (WATER) will only be available for GT subscriptions. Please be aware that the participation users’ funds will not be deducted at the end of this Waterfall  (WATER) Subscription.

<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup/1664" target="_blank" style="text-decoration: none;display: inline-block;"><div style="text-align:center;background: #2354E6; padding: 16px; border-radius: 8px; width: 200px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">Click to Subscribe</span></strong></div></a></div>

Introduction to  Waterfall  (WATER)：

Waterfall is the next generation EVM compatible smart contract platform based on DAG. It enables parallel block production and later parallel execution on single shard and multi shard levels. Waterfall could be compared by its potential scalability to the most scalable projects and achieve it while preserving a very high level of decentralization (potentially millions of validators. When mobile devices functionality is developed potentially tens of millions or even hundreds of millions). Waterfall is designed to have very low hardware requirements (2 cores CPU and 4 GB RAM).

(The information below is provided by the Waterfall (WATER) team. Please follow the website for more information）
 
Token Information
Token name: WATER
Token symbol: WATER
Max Supply:  25,000,000,000  WATER
Token Type: Mainnet
Token Contract: N/A

Token Distribution and Unlocked Rules:
*Angel: 3%
TGE 5%, 6 Months cliff, linear vesting over 24 Months

*Seed: 5%
TGE 5%, 6 Months cliff, linear vesting over 18 Months

*Founders: 6%
TGE 5%, 6 Months cliff, linear vesting over 24 Months

*Advisors: 4.54%
TGE 5%, 6 Months cliff, linear vesting over 24 Months

*Technical Team: 2.92%
TGE 5%, 6 Months cliff, linear vesting over 54 Months

*Association Reserve: 39.21%
Planned for further development and advancement of the technology and the ecosystem

*DAO Treasury: 23.33%
Planned for Association daily operation

*Ecosystem Development Grants: 8%
Vesting decided on a case by case basis

*R&D Grants: 8%
Vesting decided on a case by case basis

Website:   https://waterfall.network/
Whitepaper:https://waterfall.network/wp-content/uploads/2023/09/Whitepaper.pdf
Token Information: https://explorer.waterfall.network/

Waterfall  (WATER)Startup Sale Rules
(1) Duration:  06:00 AM on July 15th - 06:00 AM on July 17th (UTC), 2024 Orders placed by qualified users within these 48 hours will be treated equally.
(2) Trading starts time: 10:00 AM on July  17th (UTC), 2024    
Trading pair: WATER/USDT
(3) Subscription Token: GT
(4) Subscription Price: $0 GT
(5) Subscription Total: 8,333 GT
(6) Startup Total Supply: 5,000,000 WATER
(7) Unlock rule: 100% Unlock
(8) Participation Requirement:
1.Users participating in the GT Holder-Exclusive Airdrop will no longer be required to have an average GT holding of not less than 10 GT in the past 14 days. Holding 10 GT when participating will be eligible.
2.Your asset balance will be detected during token distribution. Please ensure your asset balance of not less than 10 GT, otherwise, it may result in subscription failure.
3.The available shares of each project vary for different projects. Please refer to the project announcement or the available shares when participating.
Participate in Startup now: https://www.gate.io/startup
(9) Announcement of results: After the end of the day’s subscription, the system will count all eligible subscription orders.
Please Note: 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.

**How to Participate**
Log in to your Gate.io account → Navigate to the [Startup page ](https://www.gate.io/startup "Startup page ")→ Ensure your GT holding is no less than 10 GT → Participate in the subscription.

**Notes:**
1.Other rules remain unchanged, please refer to: https://www.gate.io/article/36145
2.New rules take effect from 00:00AM April 25th, 2024 (UTC+0). The Web version has been updated and please update your App to the latest version (6.2.0).
3.GateToken (GT) is the unique exchange token of Gate.io exchange and the native token to Gatechain public chain. Hold GT and claim exclusive free airdrops now: https://www.gate.io/trade/GT_USDT
4.Please adhere to the relevant rules of the event when participating. Any cheating behavior is prohibited. An occurrence of any dishonesty will result in the disqualification of the rewards.
5.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
6.Gate.io reserves all rights to the final explanation.
7.This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the [User Agreement](https://www.gate.io/user-agreement "User Agreement") for further details on Restricted Locations.

**Gate.io Labs Investment Disclosure**
Gate.io Labs did not invest in Waterfall  (WATER).

**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
July 5th, 2024

GT Holder-Exclusive Airdrop: Gate.io Initial Startup Free Offering: Waterfall (WATER) and Only GT Subscription Rules Announcement ( 5,000,000 WATER free of charge）

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