Gate.io Startup Initial Free Offering Stepwatch(SWP) and Announcement of Free Distribution Rules（2,000,000 SWP 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 Stepwatch (SWP) 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 Stepwatch (SWP)
StepWatch is a WEB3 fitness and health tracking mobile application that incorporates NFT Move-To-Earn and social networking elements. It is a place where you can get rewards through walking, jogging and gym. You need a free Watch to participate in the Platform, or you need to purchase an NFT watch first. Walking, running, and physical training can then enable you to obtain Cryptocurrency and other NFTs in the Platform and the items you earned can be used for in-platform activities or can be traded on the platform.

(The information below is provided by the Stepwatch (SWP) team. Please follow Stepwatch (SWP) for more information）

Token Information
Token name: Stepwatch Token
Token symbol: SWP
Max Supply：500,000,000
Token Type: Polygon
Contract: 0xabEDe05598760E399ed7EB24900b30C51788f00F
Token distribution ratio and unlocking rules:
Seed round: 10% 3 Month cliff, vesting for 18 months
Private round: 15% 3 Month cliff, vesting for 24 months
IDO/IEO: 1% Vesting for 5 months
Partner: 2% 12 months clff, Quarterly vesting over 24 months
Tournament: 5% 6 months cliff, Monthly vesting over 48 months
Marketing: 5% Monthly vesting over 60 months
Rewards M2E: 40% Monthly vesting over 60 months
Lazy Pool: 10% Monthly vesting over 60 months
Development: 2% Monthly vesting over 60 months
Team: 10% 12 months cliff,Monthly vesting over 48 months

Website: https://stepwatch.io/
WhitePaper ：https://undefined-281.gitbook.io/stepwatch-english/introduction/stepwatch-overview

Stepwatch (SWP) Startup Sale Rules
(1) Duration: 04:00 AM 11th July, 2022 - 04:00 AM 12th July, 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 07:00 AM 12th July,2022 (UTC)
Trading pairs: SWP/USDT
(3) Price: 0 USDT(Public Sale Price: $0.05)
(4)Startup Supply : 2,000,000 SWP
(5) Users purchase using USDT.
(6) Unlock rule: 100% unlock.
(7) To participate in Startup Sale, VIP 0 users need to hold of minimum $500 USD Spot Assets in balance, and will be offered the contribution share at 1/4 of VIP 1 users’ share;
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 Stepwatch (SWP) investment.

Attention
(1) Countries not supported: Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Burundi, Burma, Canada, China, Democratic Republic of Congo, Cuba, Ethiopia, Guinea-Bissau, Guinea, Iran, Iraq, Japan, Liberia, Lebanon, Libya, Macedonia, Malaysia, New Zealand, Serbia, Sri Lanka, Sudan, Somalia, Syria, Thailand, Trinidad and Tobago, Tunisia, Uganda, Ukraine, United States of America, Venezuela, Yemen, Zimbabwe.
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
June 30th, 2022