Gate.io Startup Free Offering: Gearbox(GEAR) and Announcement of Free Distribution Rules (2,000,000 GEAR 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". Free airdrops for excellent blockchain projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens via airdrop benefits.

Gate.io Startup will launch its next project, Gearbox(GEAR), on December 22nd, 2022 at 04:00 AM (UTC).

Startup Link: https://www.gate.io/startup

Introduction to Gearbox(GEAR)
Gearbox Protocol allows anyone to take DeFi-native leverage and then use it across various (DeFi & more) protocols. This enables you to compose your position as you want. You take leverage with Gearbox and then use it on other protocols you already love: Uniswap, Curve, Convex, Lido, etc. For example, you can leverage trade on Uniswap, leverage farm on Yearn, make delta-neutral strategies, hedge your exposure, get Leverage-as-a-Service for your structured product, and more...

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

Token Information
Token name: Gearbox
Token symbol: GEAR
Max Supply: 10,000,000,000 GEAR
Token Type: ERC20
Token Contract:
0xba3335588d9403515223f109edc4eb7269a9ab5d
Token Distribution and Unlocking Rules:
*Community: 58%
No vesting
*Initial External Contributors: 1.28%
12 months since token deployment (launch), and then linear vesting over 18 months.
*Initial core member: 20%
12 months since token deployment (launch), and then linear vesting over 18 months.
*Initial contributors: 9.2%
12 months since token deployment (launch), and then linear vesting over 12 months.
*Initial Company wallet: 11.52%
12 months since token deployment (launch), and then linear vesting over 18 months.

Website: https://gearbox.finance/
Whitepaper: https://docs.gearbox.finance/
Token Information: https://etherscan.io/token/0xba3335588d9403515223f109edc4eb7269a9ab5d

Gearbox(GEAR) Startup Sale Rules
(1) Duration: 04:00 AM on December 22nd - 04:00 AM on December 23rd (UTC), 2022 (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) To participate in the Startup Sale, VIP 0 users need to hold a minimum of 500 USD worth of assets, 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.
(3) Price: $0; Startup Supply: 2,000,000GEAR
(4) Purchase limit: The maximum subscription limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subscription allocation is:
the maximum number of subscriptions (not the final actual subscription number) = the square of the VIP level multiplied by 10.
For example:
VIP1 users can subscribe up to 1 * 1 * 10 = 10 shares
VIP2 users can subscribe up to 2 * 2 * 10 = 40 shares
VIP3 users can subscribe up to 3 * 3 * 10 = 90 shares
(5) Unlocking Rule: Unlock
(6) Users place orders using USDT.
(7) Users can place orders from 04:00 AM on December 22nd - 04:00 AM on December 23rd (UTC), 2022. Orders placed by qualified users within these 24 hours will be treated equally.
(8) 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.
(9) Each type of currency can only be purchased once with each KYC account.
(10) After 04:00 AM on December 23rd (UTC), 2022, 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.
(11) Trading starts time: TBD

Gate.io Labs Investment Participating Disclosure
Gate.io Labs didn’t invest in Gearbox

Attention
(1) Countries not supported: USA, 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 the 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
December 21st, 2022