Gate.io Airdrop Program: Vega Protocol(VEGA) and Announcement of Distribution Rules (6,666.67 VEGA for Airdrop)

About Gate.io Airdrop Program In order to reward platform users, Gate.io launched the "Airdrop Program". Airdrops for excellent blockchain projects are launched on Gate.io from time to time. VIP and GT users can get a variety of tokens via airdrop benefits.

Gate.io will launch its next project, Vega Protocol(VEGA) , on September 3rd, 2021 at 13:00 PM (UTC).

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

Please pay attention to the participation features of this Vega Protocol(VEGA) airdrop.
This Vega Protocol(VEGA) Airdrop is free. No user participation funds will be deducted at the end.

Introduction to Vega Protocol(VEGA)
Vega is a proof-of-stake blockchain, built on top of Tendermint, which makes it possible to trade derivatives on a decentralised network with comparable experience to centralised exchanges. By using a blockchain optimised for capital-efficient trading alongside Ethereum and other general-purpose chains, Vega is able to fairly process and manage risk on thousands of trades per second settled in assets like Ether, BTC, and standard ERC20 tokens. Fees are only charged when trades are uted, and it is free to submit, cancel and amend limit orders.


(The information below is provided by the Vega Protocol(VEGA) team. Please follow website for more information）
Token Information
Token name: Vega Protocol
Token symbol: VEGA
Max Supply: 64,999,723 VEGA
Token Type: ERC20
Token Contract: 0xcb84d72e61e383767c4dfeb2d8ff7f4fb89abc6e

Token distribution and unlocking rules:
*Seed investors 35%
15% at the cliff followed by linear vesting from Oct 2021 for 18 months
*Team 30%
linear vesting from Feb 2022 for 18 months
*Token sale 7.5%
2.5%freely trading
2.5%, 6 month vesting from Dec 2021
2.5%, 12 month vesting from Jun 2022
*Community27.5%
bounties / rewards / on-chain incentives, 2021 until 2025 and beyond

Website: https://vega.xyz
Whitepaper：https://vega.xyz/papers/vega-protocol-whitepaper.pdf
Token Information：https://etherscan.io/token/0xcb84d72e61e383767c4dfeb2d8ff7f4fb89abc6e


Vega Protocol Airdrop Participate Rules
(1) Duration: 6:00AM - 11:00 AM(UTC), September 3rd, 2021 (Participated by qualified users within these 5 hours will be treated equally.)
(2) To participate in the Airdrop, users will need to be VIP1 and above.
(3) CoinList Public sales Price: $15; Airdrop Supply: 6,666.67 VEGA
(4) Participate limit: The maximum participation limit for a single user is 1000 shares; the relationship between the VIP level and the maximum participation allocation is:
the maximum number of participations(not the final actual participation number) = the square of the VIP level multiplied by 10. For example:
VIP2 users can participate up to 2 * 2 * 10 = 40 shares
VIP3 users can participate up to 3 * 3 * 10 = 90 shares
(5) Unlocking Rule: N/A
(6) Users participate by using USDT.
(7) Users can participate from 6:00AM - 11:00 AM(UTC), September 3rd, 2021. Participated by qualified users within these 5 hours will be treated equally.
(8) Users need to ensure that there is sufficient balance (exceeding the participate value) in accounts for the participate until we announce the airdrop result. An insufficient balance will result in the cancellation of the airdrop participation.
(9) Each type of currency can only be participated once with each KYC account.
(10) After 11:00 AM(UTC), we will collect all the participation numbers and distribute the tokens according to the ratio of the individual participation numbers to the participation numbers in total.
(11) Trading starts time: 13:00PM(UTC), 3rd September, 2021


Gate.io Labs Investment Participating Disclosure
Gate.io Labs did not invest in Vega Protocol


Attention
(1) Disclaimer: Vega Protocol team does not receive money or take any monetary profits from this airdrop event.

(2) 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.

(3) 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 uate 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.

(4) 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 VEGA, 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 automated 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 bonus and withdraw at any time

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Gate.io Team

Sep 3, 2021