Gate.io Startup Initial Free Offering: Decred-Next(DCRN) and Announcement of Free Distribution Rules (8,000 DCRN 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, Decred-Next(DCRN), on July 17th, 2022 at 02:00 AM (UTC).

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

Introduction to Decred-Next(DCRN)：
Decred-Next is a new public chain generated by a hard fork after Decred was upgraded to V1.7 due to a disagreement in the community consensus. Decred-Next retains the mixed consensus mechanism of 60% POW, 30% POS and 10% treasury of the original Decred. It has excellent characteristics such as high safety, strong adaptability and sustainable development. Additionally, we plan to implement EVM, sharding, OmniLayer and other features in the future. Compared to the current Decred, Decred-Next will be more efficient, robust, dynamic and competitive.

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

Token Information
Token name: Decred-Next
Token symbol: DCRN
Max Supply: 21,000,000 DCRN
Token Type: Mainnet
Token Contract: N/A
Token Distribution and Unlocking Rules:
Current output mechanism:
30% of each block reward goes to PoS users
60% of each block reward goes to PoW users
10% of each block reward is distributed to the account held by the project sponsor
*Innovative long-term airdrop mechanism:
The DCRN airdrop will last for 50 months. 14k DCRN will be airdropped monthly based on the status of DCR holders at DCR block height 660000. Addresses with balances below 0.1DCR will not be airdropped.
266k DCRN will be sent monthly to public addresses for airdrops on major events when the project reaches milestones.
Website: http://dcrn.xyz/
Whitepaper:http://dcrn.xyz/
Token Information: N/A

Decred-Next Startup Sale Rules
(1) Duration: 02:00 AM on July 17th-02:00 AM on July 18th (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: 8,000 DCRN
(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 02:00 AM on July 17th-02:00 AM on July 18th (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 02:00 AM on July 18th (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:06:00 AM(UTC) on July 18th, 2022

Gate.io Labs Investment Participating Disclosure
Gate.io Labs didn’t invest in Decred-Next

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.

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Gate.io Team
July 12th, 2022