Duyurular Gate.io Startup Initial Free Offering: Mintlayer(ML) and Announcement of Free Distribution Rules(400,000 ML free of charge)

Gate.io Startup Initial Free Offering: Mintlayer(ML) and Announcement of Free Distribution Rules(400,000 ML free of charge)

2023-03-09 05:28:45 UTC 27483 Okundu

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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 Mintlayer(ML) 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 Mintlayer (ML)
Mintlayer is a layer 2 solution that allows users to build a decentralized finance ecosystem rooted in the established network of the Bitcoin blockchain opening Bitcoin to DeFi, smart contracts, atomic swaps, NFTs, and dapps.
Mintlayer USP:
Mintlayer is the only protocol that enables direct 1:1 swap of Native Bitcoin for other tokenized assets minted directly on Mintlayer. With these atomic swaps on Mintlayer, there are no intermediaries, peg-in, wrapped, or federated tokens. This enables users to use native Bitcoin for financial instruments without counterparty or intermediary risk.

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

Token Information
Token Name: Mintlayer
Token Symbol: ML
Max Supply：400,000,000
Token Type: ERC-20
Contract:
TBD (Wait until 3/21 to be deployed)

Token distribution ratio and unlocking rules:
Pre-seed: 0.63%；4 months cliff, 5% monthly over 20 months vesting period
Seed: 13.65%; TGE unlock 10%, 6% monthly over 15 months vesting period
Strategic - Long Term Vesting: 13.00%; 4 months cliff, 2% monthly over 10 months vesting period, 4% monthly over 20 months vesting period
Strategic - Short Term Vesting: 6.50%; TGE unlock 10%, 6% monthly over 15 months vesting period
Market & Listing: 12%; TGE unlock 12%, 8% monthly over 11 months vesting period
Protocol Development: 10%; 4 months cliff, 5% monthly over 20 months vesting period
Community Rewards: 5%; TGE unlock 10%, 5% monthly over 18 months vesting period
Team & Advisors: 12.5%; 4 months cliff, 5% monthly over 20 months vesting period
Company Reserves: 26.73%; 4 months cliff, 2% monthly over 10 months vesting period, 4% monthly over 20 months vesting period

Website: https://www.mintlayer.org/en/
WhitePaper: https://docs.mintlayer.org/

Mintlayer(ML) Startup Sale Rules
(1) Duration: 8:00 AM 22nd March - 8:00 AM 23rd March, 2023 (UTC) (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: TBD
Trading Pairs: ML/USDT
(3) Price: 0 USDT
(4)Startup Supply : 400,000 ML
(5) Unlock rule: 100% unlock.
(6) 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
(7)  Purchase limit: The maximum contribution limit for a single user is 1500 shares; the relationship between the VIP level and the maximum contribution allocation,please refer to the link:https://www.gate.io/article/29892
(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) 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.
(10) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behaviour, and any cheating behaviour 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 Mintlayer (ML) 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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Reach out to us!
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Gate.io Team
March 9th, 2023

Gate.io Startup Initial Free Offering: Mintlayer(ML) and Announcement of Free Distribution Rules(400,000 ML free of charge)

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