Gate.io Startup Free Offering: Ambire Wallet (WALLET) and Announcement of Free Distribution Rules (1,463,982 WALLET 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, Ambire Wallet (WALLET) , on April 6th 2022 at 06:00 AM (UTC).

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

Introduction to Ambire Wallet (WALLET)
Ambire Wallet is a full-featured open source and non-custodial DeFi wallet with email authentication, designed for anyone from the absolute beginner to the DeFi degens. It brings a number of innovative features like automatic gas management, paying network fees in stablecoins, hardware wallet support and displaying transaction info in a human readable way for increased user protection.

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

Token Information
Token name: Ambire Wallet
Token symbol: WALLET
Max Supply: 1,000,000,000
Token Type: ERC-20
Token Contract: 0x88800092ff476844f74dc2fc427974bbee2794ae
Token Distribution and Unlocking Rules:
*Early backers: 12.7%
1 year linear vesting
*Team: 10%
On a merit basis, with 3 year linear vesting
*ADX stakers: 10%
As a way of involving the AdEx community and promoting Ambire to the community, distributed over 18 months as additional staking rewards
*Early users and stakers: 30%
Unlock over 4 years
*DAO: 35.5%
Unlock based on governance votes over at least 3 years
*Initial liquidity: 0.6%
Already unlocked
*Marketing activities:1%
Already unlocked
*Market making: 0.2%
Already unlocked

Website: https://www.ambire.com/
Whitepaper: https://ambire.notion.site/ambire/Ambire-Wallet-Whitepaper-d502e54caf584fe7a67f9b0a018cd10f
Token Information: https://etherscan.io/token/0x88800092ff476844f74dc2fc427974bbee2794ae

Ambire Wallet Startup Sale Rules
(1) Duration: 06:00 AM on April 6th-06:00 AM on April 7th(UTC), 2022 (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) To participate in the Startup Sale, users will need to be VIP1 and above.
(3) Price: $0; Market Price(Reference): $ 0.075; Startup Supply: 1,463,982 WALLET
(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:
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 06:00 AM on April 6th-06:00 AM on April 7th(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 06:00 AM on April 7th(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: 10:00 AM(UTC) on April 7th, 2022

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

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 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.

Gate will open an Automated Market Maker (AMM ) for WALLET, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from the liquidity pool transaction fee and GT token rewards from the liquidity reward pool. High annual rate rewards with security.

AMM Trading Market and AMM Liquidity Mining
Gate.io has launched a new version of the liquidity pool (centralized automatic market maker (AMM) transaction service) on August 1st, 2021: allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate.io will continue to add different currencies, please pay close attention to follow-up announcements.

The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:
1) Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
2) A fixed percentage (such as 50%) of the transaction fee will automatically be changed into GT through the open market and put into the AMM Reward Pool.
3) Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.
4) Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.
5) Liquidity providers can take bonuses and withdraw at any time


Gate.io is a Cryptocurrency Trading Platform Since 2013
Top ranking, Trustworthy, Transparent

Sign up to enter the crypto gateway and get 40% commission from referrals Download iOS/Android App right now.

Follow us on social
Twitter: https://twitter.com/gate_io
Telegram: https://t.me/gate_zh
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Podcast: https://gateio.buzzsprout.com/?ch=buzzs

Gate.io Team
April 5th, 2022