Announcements Announcement on Gate Web3 Startup Token Project LayerNet (NET) and Rules of Participation in Win and Share 240,000 NET for Free

Announcement on Gate Web3 Startup Token Project LayerNet (NET) and Rules of Participation in Win and Share 240,000 NET for Free

2024-07-24 02:55:45 UTC 3625 Read

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To provide feedback on users’ support for the platform, Gate.io officially launched the “Gate Web3 Startup” on July 3, 2023, and occasionally conducts airdrop plans for blockchain projects. Gate Web3 Wallet users can receive tokens or NFT airdrop benefits by participating in the Web3 Startup.

This project will obtain quota allocation airdrop rewards through lottery, and users connecting to Gate Web3 Wallet can participate in the lottery for free to divide 240,000 NET. This time, you only need to make sure your ALL-chain assets is more than 10 USD equivalent amount. The chance for winning the airdrop rewards is not 100% in the activity. The higher the current wallet assets, the greater the probability of obtaining an airdrop!

## Intro for the Current Project
The current Gate Web3 Startup will be launched for LayerNet (NET) participation, which is free and will not deduct user participation funds after completion

Introduction to the Selection Area of the Startup Project
Introduction to LayerNet (NET)：
LayerNet is the first zk-based infrastructure on Solana, aiming to help onboard 900 million Telegram users to Solana, comparable to StarkEx behind IMX. LayerNet plans to create a dedicated space within Solana’s framework, accommodating 900 million Telegram users. In this space, users will enjoy zero gas fees while benefiting from Solana’s robust security. This space is compatible with existing Solana developers and infrastructure, including Phantom wallet.

The LayerNet DApp will support applications for payments, social interactions, and gaming, similar to the current functionalities of TON. We aim to challenge the entire TON ecosystem based on Solana! Following Solana’s deployment of Blink on the X platform, we will build LayerNet on Telegram!

Project details at: https://www.gate.io/web3/startup/1708

<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="  https://www.gate.io/web3/startup/1708" target="_blank" style="text-decoration: none;display: inline-block;"><div style="text-align:center;background: #2354E6; padding: 16px; border-radius: 8px; width: 200px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">Claim Now</span></strong></div></a></div>

Users can participate in the “Startup Airdrop” sector or via the program banner on Gate APP.
![](https://gimg2.gateimg.com/image/article/1721787099en.png)
Basic information of LayerNet (NET) project: (According to the official information disclosure of LayerNet (NET), please refer to the official website of LayerNet (NET) for details)
(1) Full English name: LayerNet 
(2) Full Chinese name: N/A
(3) Token symbol: NET
(4) Token Type: SPL-20
(5) Contract:
https://solscan.io/token/hwTWfDEzrAwrqKR98voJVAAD5CBkhUcG9NxWNfx2mSn 
(6) Website: https://layernet.ai/ 
(7) Whitepaper: https://layernet-ai.gitbook.io/docs

## LayerNet (NET) Participation Rules:
(1) Subscription start time: 06:00 on 24/7/2024 to 06:00 on 31/7/2024 (UTC) (valid orders within 24 hours are treated equally)
(2) Total airdrop amount: 240,000 NET
(3) Unlock method: 100% unlock
(4) Participation conditions for this time: Gate Web3 Wallet ALL chain assets need to be no less than $10 to participate
(5) Purchase limit: Users can only claim once, and the higher the amount of ALL chain funds in the Gate Web3 Wallet, the greater the probability of obtaining an airdrop.

## Gate.io Labs Investment Publicity
Gate.io Labs did not participate in LayerNet (NET) investment.

## Web3 Startup Related Instructions (if there are any changes, the subsequent announcement shall prevail)
(1) Participation conditions: Gate Web3 Wallet ALL chain asset balance ≥ 10 USD equivalent assets can participate in subscription, users can only claim once; The higher the balance of wallet assets, the higher the subscription limit.
(2) Adequate amount: Before completing the distribution, users must ensure a sufficient amount of no less than $10 in the Gate Web3 Wallet; Insufficient amounts will automatically be excluded from valid orders.
(3) Result announcement: After the end of the day’s subscription, the system will count all eligible subscription orders and extract quota based on probability. The higher the wallet funds, the higher the probability of being drawn. The airdrop token/NFT will be directly distributed to the user’s participating wallet address, and winning users can view the received airdrop rewards in the Gate Web3 Wallet or trading history.
(4) Reward distribution: Rewards will be distributed and announced 48 hours after the end of the project. The whitelist or some NFT projects may have issues with extended distribution times. Thanks a lot for your understanding for any inconveniences caused.

## Other Precautions
(1) Risk reminder:
·The Startup project is a blockchain start-up project that is still in its early stages, and there may be significant risks in the project’s operation, underlying technology, legal and regulatory environment, etc.
·Understanding blockchain startups and evaluating their inherent risks requires advanced technical and financial knowledge.
·Due to the influence of technology, laws and regulations, market, and other factors, the prices of the projects you participate in may fluctuate sharply, and the prices may significantly decrease or increase.
·Due to the underlying technology of the project or the Gate.io trading platform, the project you are participating in may not be able to fully or partially withdraw cash.
·Virtual coin or NFT projects have high risks. Virtual coin or NFT prices have high volatility. The project teams have not set up a deposit and do not provide any price commitment or breach guarantee. Please be sure to participate in situations where you fully understand the risks and are able to bear them. The platform strongly reminds you of the risks, but cannot assume any responsibility for investment behavior such as guarantee and compensation.

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Gate.io Team
July 24th, 2024

Announcement on Gate Web3 Startup Token Project LayerNet (NET) and Rules of Participation in Win and Share 240,000 NET for Free

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