Announcements Gate.io Startup Free Offering: LiNEAR Protocol (LNR) and Announcement of Free Distribution Rules(128,185 LNR free of charge)

Gate.io Startup Free Offering: LiNEAR Protocol (LNR) and Announcement of Free Distribution Rules(128,185 LNR free of charge)

2024-03-14 08:24:11 UTC 19070 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 LiNEAR Protocol (LNR) Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of event.
 
Startup Link: https://www.gate.io/startup
 
**Introduction to LiNEAR Protocol (LNR)  **
LiNEAR Protocol is an innovative omnichain liquidity staking/restaking platform and the leading DeFi protocol on NEAR. It pioneered revolutionary features such as automatic validator optimization, which significantly decentralizes and secures the network by allowing users to re-delegate to 200+ validators. LiNEAR offers seamless multichain restaking across multiple networks, such as NEAR, Ethereum, Bitcoin, Solana, and more, ensuring a secure future for a chain-agnostic and chain-abstracted web3 experience.
 
(The information below is provided by theLiNEAR Protocol (LNR)   team. Please follow LiNEAR Protocol (LNR) for more information）
 
**Token Information**
Token Name: LiNEAR
Token Symbol: LNR
Max Supply：1,000,000,000
Token Type: NEP141
Contract:
802d89b6e511b335f05024a65161bce7efc3f311.factory.bridge.near

Token distribution ratio and unlocking rules: 
10% - Airdrop (only liquid supply on exchanges)
8% - Reserve for protocol development 
12% - Marketing & Operations 
27% - Community
23% - DAO Treasury
9% - Team with 1 year cliff, 3 year linearly released after
11% - Future airdrops
 
Website: https://linearprotocol.org/ 
WhitePaper ：  https://docs.linearprotocol.org/ 
 
**LiNEAR Protocol (LNR)  Startup Sale Rules**
(1) Duration: 09:00am 14th March, 2024 - 11:00am 14th March, 2024 (UTC) 
(Orders placed by qualified users within these 2 hours will be treated equally.)
(2) Trading Starts Time: 13:00 14th March, 2024 (UTC)
Trading Pairs: LNR/USDT
(3) Price: 0 USDT
(4)Startup Supply : 128,185 LNR
(5) Unlock rule: 100% unlock.
(6) Startup Participation Rules:
Each user can only purchase once with a KYC account.
a) Startup Participation Rules for VIP Users:
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.
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
The actual share per user will receive is calculated according to the VIP Level at the time of subscription, and it’s necessary to ensure that the VIP Level of the account shall not downgrade from the VIP Level at the time of subscription before receiving the tokens.
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.
(7) 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.
(8) 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 has not participated in the LiNEAR Protocol (LNR) 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
March 14th, 2024

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Gate.io Startup Free Offering: LiNEAR Protocol (LNR) and Announcement of Free Distribution Rules(128,185 LNR free of charge)

Gate.io Startup Free Offering: LiNEAR Protocol (LNR) and Announcement of Free Distribution Rules(128,185 LNR free of charge)

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