Announcements Gate.io Startup Free Offering: Snek (SNEK) and Announcement of Free Distribution Rules (10,000,000 SNEK free of charge)

Gate.io Startup Free Offering: Snek (SNEK) and Announcement of Free Distribution Rules (10,000,000 SNEK free of charge)

2023-12-25 09:03:07 UTC 29785 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", and free airdrops for blockchain excellent projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens airdrop benefits.
 
This Snek (SNEK) Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of the event.
 
Startup Link: https://www.gate.io/startup
 
**Introduction to Snek (SNEK)**
SNEK is a cultural crypto movement and icon in the web3 world, representing fun, and innovation. As the largest token on Cardano, it unifies the ecosystem, brings excitement to its community and plays a leading role in making the crypto space accessible. With its roots in internet culture, SNEK serves as a vital bridge for web3 onboarding. The project aims to establish itself as one of the top meme-based cryptocurrencies by leveraging the popularity of meme coins like Bonk, Pepe, Shiba Inu, and Dogecoin. SNEK strives to become a leading currency for meme creators worldwide.
 
(The information below is provided by the Snek (SNEK) team. Please follow Snek (SNEK) for more information）
 
**Token Information**
Token Name: Snek
Token Symbol: SNEK
Max Supply：76,715,880,000
Token Type: Cardano
Contract:
https://cardanoscan.io/tokenPolicy/279c909f348e533da5808898f87f9a14bb2c3dfbbacccd631d927a3f

Token distribution ratio and unlocking rules: 
Presale holders - 50%
Participants in the presale shared 50% of the token supply proportionate to the amount of ADA they provided. Presale took place from 2023-04-27 11pm EST to 2023-04-28 5am EST and was open to the public with no prior qualifications.
Initial liquidity - 40%
DEX initial tokens deposit along with all the presale proceeds. LP tokens will be sent to a multisig wallet for safety.
Airdrops - 2%
Memes, contests, community events, etc. 1% was distributed within the first month.
Utility - 5%
Farming, small partnerships, project developments, innovations.
Reserved - 3%
CEX listing requirements, expansion opportunities, large partnerships, miscellaneous.

Website: https://www.snek.com/
WhitePaper：N/A

**Snek (SNEK) Startup Sale Rules**
(1) Duration: 04:00 AM Dec 26th, 2023 - 04:00 AM Dec 27th, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 08:00 AM Dec 27th, 2023 (UTC)
Trading Pairs: SNEK/USDT
(3) Price: 0 USDT
(4)Startup Supply : 10,000,000 SNEK
(5) Users purchase using USDT
(6) Unlock rule: 100% unlock.
(7) Startup Participation Rules:
Each user can only purchase once with a 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 receives 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/article/31899. 
(8) 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.
(9) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behavior is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.

**Gate.io Labs Private Sale Participating Disclosure**
Gate.io Labs hasn't participated in the Snek (SNEK) investment.

**Attention**
(1) 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](https://www.gate.io/user-agreement "Section 2.3(d) Restricted Locations")”. 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 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
December 25th, 2023

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Gate.io Startup Free Offering: Snek (SNEK) and Announcement of Free Distribution Rules (10,000,000 SNEK free of charge)

Gate.io Startup Free Offering: Snek (SNEK) and Announcement of Free Distribution Rules (10,000,000 SNEK free of charge)

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