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Gate.io Startup Initial Offering-DAO SHO Project-Starpunk(SRP)

2021-09-20 04:36:13 UTCRead:35233

Gate.io has launched Startup, a platform that aims to provide users with access to innovative and advanced projects. Traders now have more opportunities to make an initial investment.

Gate.io Startup will launch another DAO SHO project-Starpunk (SRP ) sale on September 24, 2021 at 10:00 AM UTC.

Startup Link: https://www.gate.io/en/startup/196

Project Introduction
Starpunk is a decentralized autonomous organization (DAO) platform which aims to connect Blockchain/NFT Gaming Startups with the global community of Players & Crypto Investors through the diverse "Play-to-Earn" mechanism. Starpunk’s vision is to become a comprehensive launchpad to accelerate new NFT/Blockchain games into the market, as well as create a virtual world where everyone can create, play, earn, and explore the unlimited possibilities of imagination.

Token Information
Ticker: SRP
Blockchain Network: BSC (BEP-20)
Token Supply: 680,000,000
Initial Token Circulation: 30,464,000

Token Distribution
Strategy Sale: 11.5%
Public Sale: 1%
Reserve: 11.5%
Team: 15%
Advisor 4%
Liquidity: 15%
Marketing/Partnership: 15%
Eco: 27%

Token Price
Private Price: $0.023
Lock up: 10% TGE, 3 months cliff, vesting linear monthly in 15 months

Private SHO Price: $0.023
Lock up: 33% TGE, 3 months cliff, vesting linear monthly in 2 months

Token Economy
Staking:
Starpunk Reward :
Voting & Proposal
Website: https://starpunk.io/


Important Notice about Gate.io Startup Sale for Starpunk
1.Startup supply: 1,739,130.43 SRP ; Price: $0.023
Vesting:Lock up: 33% TGE, 3 months cliff, then 33% the fourth month and 34% the fifth month
2.Payment currency: USDG, Lockup currency: DAO
3.Eligible participants: agree to lock up DAO for a period of 10 days. Individual cap is 20K DAO.
4.Token distribution: participants get a proportional amount of SRP tokens to their share of DAO tokens locked up on Gate.io.
5.The SRP tokens will not be released until the Token Generation Event. Users won’t get any token immediately after the Gate.io startup sale.
6.The startup sale is designed for Starpunk ‘s DAO Maker SHO portion.
7.The cryptocurrency market is highly volatile. The project team does not guarantee that the token price will not be lower than SHO price. Please invest with caution, and don't invest beyond your financial capacity.

Rules of Starpunk(SRP) ’s DAO SHO Portion Sale on Gate.io’s Startup:
(1) Order Duration: September 24th 10:00:00 AM-September 25th 2:00 AM UTC
(2) To participate in Startup Sale, users should agree to lock up DAO for a period of 10 days.
(3) The price is $0.023
(4) Users can place orders by agreeing to locking up DAO for 10 days
(5) Users can place orders from September 24 10:00:00 AM – September 25th 2:00 AM UTC. Orders placed by qualified users within these hours will be treated equally.
(6) Users need to ensure that there is sufficient balance of DAO (the full amount you agree to lockup for 10 days) and USDG (amount to pay for new tokens actually received) in accounts after placing the orders. An insufficient DAO or USDG balance will result in the cancellation of the purchase order.
(7) Each individual can only purchase once with an account passing KYC.
(8) After September 25th, 2:00 AM UTC, we will collect all the qualified orders and calculate the result and announce the result in 2 hours. USDG to pay for Participant’s SRP token purchase will be deducted from the participant’s account and the amount of DAO the participant agrees to lockup when placing orders will be locked for 10 days. Participants will receive a proportional amount of SRP tokens to their share of DAO tokens locked up on Gate.io according to the token release schedule.

Example(with hypothetical data):
If the total DAO locked by all startup sale participants is 20,000 DAO. The total supply of new tokens offered on Gate.io startup sale is 1,000,000 new tokens. Token price is 0. 1 USDG per token. Participants are required to lock DAO for a period of 15 days.

If User A agreed to lock 500 DAO (by placing order) for a period of 15 days. Then,

User A’s share of the new tokens (also his share of DAO locked): 500/20,000=2.5%
Users A will receive new tokens: 2.5%X 1,000,000=25,000 new tokens.
User A’s USDG payment: the actual new token user A will receive X token price: 25,000X0. 1=2500 USDG

After the sale, user A’s 500 DAO will be locked for 15 days.
And USDG for purchase of the new tokens will be deducted from User A’s spot account balance.


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 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 e valuate 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

September 20, 2021


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