Announcements Gate.io Startup Free Offering: Veloce(VEXT) and Announcement of Free Distribution Rules(98,039 VEXT free of charge)

Gate.io Startup Free Offering: Veloce(VEXT) and Announcement of Free Distribution Rules(98,039 VEXT free of charge)

2023-09-28 04:24:32 UTC 17409 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 Veloce(VEXT)  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 Veloce(VEXT) **
Veloce (VEXT), the world’s leading digital racing media network, entered the world of Web3 with the launch of its blockchain utility and governance token, VEXT. VEXT allows the Veloce community to influence and govern key decentralized Veloce assets. The Veloce brand comprises industry-leading gaming and racing platform Veloce Esports, and race-winning outfit Veloce Racing, which competes in the renowned Extreme E championship.
Within this Veloce network are some of the most influential names in gaming and racing, including Mercedes AMG, McLaren, as well as established joint venture sub-brands, such as Lando Norris’ gaming and lifestyle brand Quadrant. With the largest racing community in the world, attracting 35 million subscribers across their social media platforms so far and hitting nearly one billion monthly views, the Veloce group represented a perfect fit for Web3. Their vast reach and credibility is playing a pivotal role in promoting Web3 by building trust, simplifying complex concepts, and driving widespread adoption.
 
(The information below is provided by the Veloce(VEXT) team. Please follow Veloce(VEXT) for more information）
 
**Token Information**
Token Name: Veloce(VEXT)
Token Symbol: VEXT
Max Supply：300,000,000
Token Type: ERC-20
Contract:
-Polygon: 0x27842334C55c01DDFE81Bf687425F906816c5141; 
-Ethereum: 0xB2492E97a68a6E4B9E9a11B99F6C42E5aCCD38c7

Token distribution ratio and unlocking rules: 
Treasury 36.17% : TGE unlock 4.35%, 25 months monthly vesting.
Governance Rewards 19.84% : TGE unlock 0.41%, 180 months monthly vesting.
Team & Founder 19.43% : TGE not unlocked, 27 months cliff, 28th month unlocked.
IDO & Pre-Sale 18.27%: TGE unlock 100%.
 Fund Investors 4.23%: TGE unlocks 4.2%, 24 months monthly vesting.
Advisors 1.49%: TGE not unlocked, 13 months monthly vesting.
Veloce Group Other 0.57%: TGE not unlocked, 24 months monthly vesting.

Website: http://www.velocemediagroup.com 
WhitePaper ：https://www.velocemediagroup.com/vext/whitepaper-pdf 
 
**Startup Sale Rules**
(1) Duration: 07:00 AM 5th, October, 2023 - 07:00 AM 6th, October, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 10:00 AM 6th, October, 2023 (UTC)
Trading Pairs: VEXT/USDT
(3) Price: 0 USDT
(4)Startup Supply : 98,039 VEXT
(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 Veloc(VEXT) investment.
 
**Attention**
(1) Countries not supported: 
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
September 28th, 2023

Gate.io Startup Free Offering: Veloce(VEXT) and Announcement of Free Distribution Rules(98,039 VEXT free of charge)

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