Announcements Gate.io Startup Initial Free Offering: Archway (ARCH) and Announcement of Free Distribution Rules (166,667 ARCH free of charge)

Gate.io Startup Initial Free Offering: Archway (ARCH) and Announcement of Free Distribution Rules (166,667 ARCH free of charge)

2023-09-25 09:40:01 UTC 22133 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 will launch its next Startup, Archway (ARCH), on September 26th, 2023 at 9:00 AM (UTC).

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

Introduction to Archway (ARCH)：
Archway is a layer 1 blockchain that enables developers to capture the value they bring to the network. Archway is fostering an ecosystem that puts developers first, by enabling developers to earn revenue based on the transaction volume they create on the network.

The protocol provides developers a variety of tools to quickly build and deploy scalable dapps, and start benefiting from their usage immediately. Archway’s overarching goal is to cultivate an array of diverse and self-sustaining applications by providing developers a way to grow alongside the protocol.

(The information below is provided by the Archway (ARCH)  team. Please follow the website for more information）
 
Token Information
Token name: Archway
Token symbol: ARCH
Initial Supply: 1,000,000,000 ARCH
Token Type: Archway Mainnet
Token Contract:
N/A Archway Mainnet

Token Distribution and Unlocked Rules:
Ecosystem Grant 27%
Grants supporting builders and contributors across the community

Private Sales 14.5%
Cliff for 1 year, Vesting over 48 months

Foundation 17.5%
For foundation operations, early liquidity support, community incentives and programs

Phi Labs10%
Cliff for 1 year, Vesting over 48 months

Community Pool 10%
Funding for dapps, deploying liquidity, sponsoring community-organized events etc.

Core Contribution  10%
Cliff for 1 year, Vesting over 48 months

Airdrop 5%
Funds to encourage and reward contributing and interacting with the protocol

Community for sale 2.5%
Cliff for 40 days, Vesting over 8 months

Early Support 3%
Cliff for 1 year, Vesting over 48 months

Testnets/Hackathons 0.5%
Cliff for 1 year

Website: https://archway.io/ 
Whitepaper: https://archway.io/whitepapers 
Token Information: 
N/A Archway Mainnet

Archway (ARCH)  Startup Sale Rules
(1) Duration: 9:00 AM on September 26th - 9:00 AM on September 27th (UTC), 2023 Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time:  12:00 PM on September 27th (UTC), 2023 
(3) Price: $0; Startup Supply: 166,667 ARCH
(4) Unlocking Rule: 100% Unlock
(5) Startup Participation Rules:
Each user can only purchase once with KYC account.
a) Startup Participation Rules for VIP Users:
1.For Airdrop Projects, the system will no longer verify the VIP Users’ assets adequacy, instead, the system will verify the Users’ VIP Level. The actual shares each VIP User received will be determined based on the actual VIP Level at the time of token distribution.
2.Purchase limit: The maximum contribution limit for a single user is 1500 shares. The VIP Users’ existing subscription share rules remain unchanged and can get 100% airdrops. The higher the VIP level, the more Startup airdrop shares can be subscribed.
The relationship between the VIP level and the maximum contribution allocation, please refer to the link: https://www.gate.io/article/29892
b) Startup Participation Rules for Non-VIP Users (VIP 0 Users):
Spot assets not less than 10 USD, after participating in the subscription, whether the Non-VIP Users win or not will be announced at the end of the project subscription.
A portion of lucky Non-VIP Users will be randomly selected and the airdrop amount will be evenly distributed.
Non-VIP users who use Startup vouchers to join the subscription will have their Voucher benefits prioritized. Startup vouchers guarantee a 100% corresponding share, the specific subscription rules can be found at https://www.gate.io/zh/article/31899 
(6) Announcement of results: After the end of the day’s subscription, the system will count all eligible subscription orders.
VIP users will be distributed according to the ratio of the individually subscripted tokens to the total subscripted tokens.
Non-VIP users will be randomly selected as part of the lucky Non-VIP users and the airdrop quota will be distributed equally. The subscription results will be announced before listing.
(7) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behaviour, and any cheating behaviour is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.

Gate.io Labs Investment Participating Disclosure
Gate.io Labs didn’t invest in  Archway (ARCH)

Attention
(1) Countries not supported: Please be noted that we may restrict or prohibit the use of all or a portion of the Services (including the participation in this event, game or competition) from Restricted Locations, including but not limited to the United Kingdom, United States of America, Mainland China, Singapore, Canada, France, Germany, Hong Kong, Lithuania, Malaysia, Malta, Cuba, Iran, North Korea, Sudan, Syria, Crimea Region, Spain, Luhansk, Donetsk, Netherlands, Bolivia and so on.
We may in our sole and absolute discretion elect to make the Services, or only part of the Services available in certain jurisdictions. For more information regarding the Restricted Locations, please read the User Agreement “Section 2.3(d) Restricted Locations” via https://www.gate.io/zh/user-agreement. We do not intend to solicit or conduct marketing towards customers in such Restricted Locations.
(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
September 25th, 2023

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Gate.io Startup Initial Free Offering: Archway (ARCH) and Announcement of Free Distribution Rules (166,667 ARCH free of charge)

Gate.io Startup Initial Free Offering: Archway (ARCH) and Announcement of Free Distribution Rules (166,667 ARCH free of charge)

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