Announcements Gate.io Startup Free Offering: BitMEX(BMEX) and Announcement of Free Distribution Rules (253,808 BMEX free of charge)

Gate.io Startup Free Offering: BitMEX(BMEX) and Announcement of Free Distribution Rules (253,808 BMEX free of charge)

2023-04-03 14:45:53 UTC 23156 Read

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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". 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, BitMEX(BMEX), on April 4th, 2023 at 02:00 AM (UTC).

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

Introduction to BitMEX(BMEX)：
BitMEX, the OG of crypto derivatives, provides institutional and professional traders with a crypto derivatives exchange platform that caters to their needs since 2014.
They can trade safely in the knowledge their funds are secure, and have access to the products and tools required to be profitable.
BitMEX is well known for its professional trading environment offering low latency, deep liquidity and constant availability. With an emphasis on Bitcoin, users can margin their trades and gain PnL in Bitcoin, over stablecoins.

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

Token Information
Token name: BitMEX Token
Token symbol: BMEX
Max Supply: 450,000,000
Token Type: ERC-20
Token Contract: 
0xB113c6CF239F60D380359b762E95C13817275277
Token Distribution and Unlocking Rules:
*Airdrops & Launch
5% on issuance
*Product & Liquidity Fund
20% with 3% distributed on issuance, then monthly vesting over 24 months
*Employee Incentives
20%, Cliff until Jan 2023, then 5% monthly vesting over 24 months. Rest locked until Jan 2025
*Ecosystem Growth Fund
30% Cliff until April 2023, then monthly vesting over 24 months
*Long-term Reserve
25% with a Cliff until January 2025, then monthly vesting over 36 months

Website: https://www.bitmex.com/bmex  
Whitepaper: https://assets.ctfassets.net/kp25gfur5p5i/17OnGZZ8vCh92rdTXIcAd8/cd93db672342d6d47c14e6d9179960b7/BMex-Token-Litepaper_v2_20220609.pdf 
Token Information: https://etherscan.io/token/0xB113c6CF239F60D380359b762E95C13817275277

BitMEX(BMEX) Startup Sale Rules
(1) Duration: 02:00 AM on April 4th-02:00 AM on April 5th (UTC), 2023(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: 253,808 BMEX
(4) Purchase limit: The maximum subscription limit is 1500 shares; the detailed Startup subscription details can be found at: https://www.gate.io/article/29892
That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behaviour is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.
(5) Unlocking Rule: Unlocked
(6) Users can place orders from 02:00 AM on April 4th-02:00 AM on April 5th(UTC), 2023. Orders placed by qualified users within these 24 hours will be treated equally.
(7) 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.
(8) Each type of currency can only be purchased once with each KYC account.
(9) After 02:00 AM on April 5th (UTC), 2023, 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.
(10) Trading starts time: 05:00 AM on April 5th (UTC), 2023

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

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
April 3rd, 2023

Gate.io Startup Free Offering: BitMEX(BMEX) and Announcement of Free Distribution Rules (253,808 BMEX free of charge)

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