Gate.io Startup Free Offering: WhiteBIT Token (WBT) and Announcement of Free Distribution Rules( 9,725 WBT free of charge)

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 WhiteBIT Token (WBT) 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 WhiteBIT Token (WBT)
WhiteBIT Token (WBT) is the internal token of the WhiteBIT cryptocurrency exchange that organically combines the products of the ecosystem and provides its owners with numerous benefits: from an up to 100% discount on trading fees, free withdrawals to an increased referral rate, and more.

(The information below is provided by the WhiteBIT Token (WBT) team. Please follow WhiteBIT Token (WBT) for more information）

Token Information
Token Name: WhiteBIT Token
Token Symbol: WBT
Max Supply：400,000,000
Token Type: ERC-20，TRC-20
Contract:
ERC：https://etherscan.io/token/0x925206b8a707096Ed26ae47C84747fE0bb734F59
TRC：https://tronscan.org/#/token20/TFptbWaARrWTX5Yvy3gNG5Lm8BmhPx82Bt

Token distribution ratio and unlocking rules:
19.5% (54,000,000 WBT) Private Sale - 0% unlocked at TGE with a cliff of 3 months and monthly schedule vesting for the period of 5 months (20 % monthly) startig from the 13th November 2022.
0.50% (1,000,000 WBT) Launchpad - 100% unlocked at TGE.
22.5% (90,000,000 WBT) Liquidity Fund - 73.5% unlocked at TGE ( 66,000,000 WBT), the rest will be unlocked over a period of 3 years starting from November 2023.
3% Insurance Fund (12,000,000 WBT) - 50% unlocked at TGE (6,000,000 WBT), the rest will be unlocked over a period of 3 years starting from November 2023.
3% (12,000,000 WBT) Security Fund - 50% unlocked at TGE (6,000,000 WBT), the rest will be unlocked over a period of 3 years starting from November 2023.
3% (12,000,000 WBT) Fund for influencers - 50% unlocked at TGE, the rest will be unlocked over a period of 3 years starting from November 2023.
6% (24,000,000 WBT) Ecosystem Fund - 50% unlocked at TGE (12,000,000 WBT), the rest will be unlocked over a period of 3 years starting from November 2023.
6% (24,000,000 WBT) User engagement Fund - 50% unlocked at TGE (12,000,000 WBT), the rest will be unlocked over a period of 3 years starting from November 2023.
6% (24,000,000 WBT) Staking Fund - 50% unlocked at TGE ( 12,000,000 WBT), the rest will be unlocked over a period of 3 years starting from November 2023.
3% (12,000,000 WBT) Team tokens - 0% unlocked on TGE, to be unlocked in 2026.
7.50 % (30,000,000 WBT) Company tokens - 0% unlocked on TGE, will be unlocked over a period of 3 years starting from November 2023.
20% (80,000,000 WBT) Treasury tokens - 0% unlocked on TGE, will be unlocked over a period of 3 years starting from November 2023.
25,000,000 WBT of the Total Supply were sent to burn address and isn't included in the percentage above.

Website: https://whitebit.com/wbt
WhitePaper ：https://cdn.whitebit.com/wbt/whitepaper-en.pdf

WhiteBIT Token (WBT) Startup Sale Rules
(1) Duration: 07:00am 24th October, 2022 - 07:00am 25th October, 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 10:00am 25th October, 2022 (UTC)
Trading Pairs: WBT/USDT
(3) Price: 0 USDT
(4)Startup Supply : 9,725 WBT
(5) Users purchase using USDT.
(6) Unlock rule: 100% unlock.
(7) To participate in Startup Sale, VIP 0 users need to hold no less than 500 USD worth of Spot Assets in balance, and the number of share will be 1/4 of VIP 1 users’ share;
The higher the VIP tier, the more shares.
For VIP 1 and above, the higher the VIP level the higher the contribution share will be.
Each user can only purchase once with KYC account
(8) Purchase limit: The maximum contribution limit for a single user is 1000 shares; the relationship between the VIP level and the maximum contribution allocation is:
the maximum number of contributions (not the final actual contribution number) = the square of the VIP level multiplied by 10. For example:
VIP2 users can subscribe up to 2 * 2 * 10 = 40 shares
VIP3 users can subscribe up to 3 * 3 * 10 = 90 shares
(9) Users need to ensure that there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders until we announce the sale result. An insufficient balance will result in the cancellation of the purchase order.
(10) We will collect all the qualified orders and distribute the tokens according to the ratio of the individual purchase orders to the purchase orders in total. The final result will be announced before trading starts.

Gate.io Labs Private Sale Participating Disclosure
Gate.io Labs hasn't participated in the WhiteBIT Token (WBT) investment.

Attention
(1) Countries not supported: the United States, 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 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
October 21st, 2022