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Gate.io Startup Free Offering: Vera(VERA) and Announcement of Free Distribution Rules(600,000 VERA free of charge)

2021-09-20 01:12:05 UTCRead:35031

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.

This Vera(VERA) Startup subion is a free subion, and will not deduct the users' participation funds in the end of event.

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


Introduction to Vera(VERA)
Vera is the most powerful open financial platform for non-fungible token (NFT) assets. Vera offers decentralized financing, leasing, lending, and other essential financial services for any NFT marketplace, game, or application. Founded in 2021 and backed by notable investors in the decentralized fintech space such as Animoca Brands (leader in blockchain gaming and NFTs; key investor in Axie Infinity, Open Sea, Dapper Labs, CryptoKitties, and much more) and the Web3 Foundation, Vera’s mission is simple: To build open, secure, and powerful NFT financial products that are equally available to everyone everywhere.


(The information below is provided by the Vera(VERA) team. Please follow Vera(VERA) for more information)
Token Information
Token name: Vera
Token symbol: VERA
Max Supply:1,000,000,000
Token Type: ERC20
Contract: TBA
Token distribution ratio and unlocking rules:
Private Sale: 15%
- Strategic Round: 3.5% - 15% released 24 months after TGE then 21.25% every calendar quarter for next 12 months.
- Private Round: 5.5% - 20% released 12 months after TGE then 20% every calendar quarter or next 12 months.
- Strategic 2: 6% - 20% released 12 months after TGE then 20% every calendar quarter or next 12 months.
Public Sale: 1.5% - 40% unlocked; 10% released every month next 6 months.
Team: 15% - 10% released 24 months after TGE then 22.5% every calendar quarter for next 12 months.
Advisors: 5% - 10% released 24 months after TGE then 22.5% every calendar quarter for next 12 months.
Foundation: 10% - 5% budget cap first 24 months after public sale. Then use as needed as determined by DAO.
Eco Reserves: 53.5% - 100% usage freeze until tokenomics design is finalized and approved by DAO (ETA: Q2 2022)
Website: https://vera.financial
WhitePaper :https://docs.vera.financial/

Vera Startup Sale Rules
(1) Duration: 10:00am 20th Sep, 2021 - 10:00am 21st Sep, 2021 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 03:00am 22nd Sep, 2021 (UTC)Trading pairs:VERA/ETH, VERA/USDT
(3) Price: 0 USDT(Public price:$0.05)
(4)Startup Supply : 600,000 VERA
(5) Users purchase using USDT.
(6) To participate in Startup Sale, users will need to be VIP1 and above,can only purchase once with each KYC account.
(7) Purchase limit: The maximum sub-scrip-tion limit for a single user is 1000 shares; the relationship between the VIP level and the maximum sub-scrip-tion allocation is:the maximum number of sub-scrip-tions (not the final actual subion number) = the square of the VIP level multiplied by 10. For example:VIP2 users can subscribe up to 2 * 2 * 10 = 40 sharesVIP3 users can subscribe up to 3 * 3 * 10 = 90 shares
(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.

Gate.io Labs Private Sale Participating Disclosure
Gate.io Labs participated in the Vera(VERA) investment.


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 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.

(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.

Gate will open an Automated Market Maker (AMM ) for PRT, 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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Medium:https://medium.com/@gateio


Gate.io Team

Sep 20, 2021


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