Announcements Gate.io Startup Initial Free Offering: Ruby Protocol (RUBY) and Announcement of Free Distribution Rules (800,000 RUBY free of charge)

Gate.io Startup Initial Free Offering: Ruby Protocol (RUBY) and Announcement of Free Distribution Rules (800,000 RUBY free of charge)

2024-05-31 12:00:17 UTC 27374 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 Ruby Protocol (RUBY) 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/1557

<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup/1557" target="_blank" style="text-decoration: none;display: inline-block;"><div style="text-align:center;background: #2354E6; padding: 16px; border-radius: 8px; width: 200px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">Click to Subscribe</span></strong></div></a></div>

**Introduction to Ruby Protocol (RUBY)**
Ruby Protocol is an Intent-Centric Chain Abstraction Layer for Web3. Ruby Protocol is building an intent-centric, interoperable, and privacy-preserving infrastructure for Web3 future. Our services, including Account Abstraction (AA), Assets Bridge (AB), Access Control (AC) and much more, are designed to accelerate Web3 development and its mass adoption. Ruby Protocol aims to make Web3 seamless and effortless to everyone everywhere.

(The information below is provided by the Ruby Protocol (RUBY) team. Please follow Ruby Protocol (RUBY) for more information）
 
**Token Information**
Token Name: Ruby Protocol 
Token Symbol: RUBY
Max Supply：1,000,000,000
Token Type: ERC20
Contract:
ERC-20: https://etherscan.io/token/0xb30240d48c05a4b950c470e2d6aefc9117a50624

Token distribution ratio and unlocking rules: 
Seed Round 1.5%：0% for 3 months after TGE, then Subject to 24-month vesting
Private Round I 6.0%：5% on TGE, vesting for 18 months, starting one quarter after the listing
Private Round II 9.0%：10% on TGE, vesting for 12 months, starting one quarter after the listing
Community Presale + Public Presale 4.0%：33.33% on TGE, vesting for 2 months
Liquidity Bootstrapping Pool 5.0%：100% on TGE, only 50% in circulation
Staking Reward 40.0%：0% for 3 months after TGE, Subject to 72-month vesting from mainnet launch
Founding Team 10.0%：0% for 12 months after TGE, Subject to 48-month vesting from joining the team
Partners and Advisors 10.0%：0% for 9 months after TGE, Subject to 36-month vesting from becoming the advisor
Developer Adoption Program 14.0%：0% for 3 months after TGE, Subject to 24-month monthly linear vesting.
Community and Airdrop 0.5%：0% for 3 months after TGE, Subject to 24-month vesting schedule from network launch
 
Website: https://ruby.xyz/
WhitePaper：https://wiki.ruby.xyz/

**Ruby Protocol (RUBY)  Startup Sale Rules**
(1) Duration: 04:00 AM 1st June, 2024 - 04:00 AM 3rd June, 2024 (UTC) (Orders placed by qualified users within these 48 hours will be treated equally)
(2) Trading Starts Time：08:00 AM 3rd June, 2024 (UTC)
The Trading Pair: RUBY/USDT
(3) Price: 0 USDT
(4)Startup Supply :  800,000 RUBY
(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 did not invest in Ruby Protocol (RUBY) .

**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
May 31th, 2024

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Gate.io Startup Initial Free Offering: Ruby Protocol (RUBY) and Announcement of Free Distribution Rules (800,000 RUBY free of charge)

Gate.io Startup Initial Free Offering: Ruby Protocol (RUBY) and Announcement of Free Distribution Rules (800,000 RUBY free of charge)

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