Announcements Ithaca Protocol(ITHACA): Gate.io Startup Initial Free Offering (857,143 ITHACA free of charge)

Ithaca Protocol(ITHACA): Gate.io Startup Initial Free Offering (857,143 ITHACA free of charge)

2024-12-17 03:49:21 UTC 11491 Read

ITHACA/USDT -0.49%

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Gate.io has launched the “Startup Project Free Airdrop Program” in order to reward users. Free airdrops for potential blockchain projects will be launched in Startup from time to time, where users can get a variety of tokens via airdrop benefits.

User's participation funds will not be deducted for Startup project Ithaca Protocol(ITHACA) free airdrop.

**1.How to Participate:**
Step 1: Login to your Gate.io account(Complete KYC2 verification)
Step 2: Hold no less than 10 USD of spot asset 
Step 3: Click "$0 Free to Claim"

**2.Ithaca Protocol(ITHACA) Startup Participation Rules**
Duration: 6:00 AM December 17th, 2024 - 6:00 AM December 19th, 2024 (UTC) (Orders placed by qualified users within the subscription period will be treated equally.)
Trading starts time: 10:00 AM December 19th, 2024 (UTC)(Trading pair: ITHACA/USDT)
Fundraising Goal: $30,000 USDT
Startup Supply: 857,143 ITHACA
Unlocking Rule: 100% Unlock
Participation Requirements: Complete KYC2 verification and the value of spot asset balance held is not less than 10 USD.
Startup Participation Rules:
(1) The higher the VIP level, the more Startup airdrop shares can be claimed. Each user can receive up to 8,000 shares. For specific information about available shares, please refer to: https://www.gate.io/help/guide/faq/25687/startup-faq
(2) Non-VIP Users can join the lucky draw of free airdrop by holding no less than 10 USD of spot assets, 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.
(3) The user's VIP level will be checked when the tokens are distributed. The actual share per user will receive is calculated according to the VIP Level when distribution happens.
(4)Announcement of results: After the subscription ends, the system will count all eligible subscription order and distribute the project tokens accordingly. Tokens for VIP users will be distributed according to the ratio of their valid subscription amount to the total valid subscription amount, while Non-VIP users will have a portion of lucky users randomly selected to evenly distribute the airdrop quota. The subscription results will be announced before listing.
Note: That mATRSple 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: https://www.gate.io/announcements/article/37836
Learn more about the rules for available shares of different VIP levels: https://www.gate.io/help/guide/faq/25687/startup-faq
Check participation tutorial: https://www.gate.io/help/guide/functional_guidelines/22401/how-to-participate-in-startup

**3.Project Information** (The information below is provided by the Ithaca Protocol(ITHACA) team. Please follow the Ithaca Protocol(ITHACA) website for more information）
(1)Introduction：
Ithaca is a non-custodial, composable, option protocol on Arbitrum (soon on Base and Solana). Backed by Cumberland and Wintermute, Ithaca consistently ranks Top 3 on DeFiLlama. Ithaca’s innovative modular infrastructure allows for instant spin up of complete liquid option | option strategy | structured product markets on any underlying. Their TG and X AI agent engages in macro investor-informed public discourse empowered by a shape-shifting adaptable personality and interacts with users and IthacaGPT. Powered by an auction-based, and therefore MEV-resistant, algorithmic market clearing framework, Ithaca allows for instant efficient deployment of composable options and structured product markets for any asset.
(2)Token name: Ithaca Protocol 
(3)Token symbol: ITHACA
(4)Max Supply: 1,000,000,000
(5)Token Type: BEP-20
(6)Token Contract: https://bscscan.com/token/0x49f1d4db3ea1a64390e990c6debeac88eac007ca

(7)Token Distribution and Unlocked Rules:
Investors 19.25%: 0% TGE unlock, 6 months cliff, 18 months vesting
Team 20%: 0% TGE unlock, 12 months cliff, 18 months vesting
KOL 0.75%: 30% TGE unlock, 1 month cliff, 5 months vesting
Public Sale 2%: 40% TGE unlock, 1 month cliff, 3 months vesting
Treasury 18%: 0% TGE unlock, 6 months cliff, 10 months vesting
Liquidity 5%: 100% TGE unlock
Community Airdrop 1.8%: 0% TGE unlock, 1 month cliff, 20 months vesting
Engine Oracle Strategic Partners 10%: 0% TGE unlock, 14 months cliff, 10 months vesting
Quoting Infrastructure Strategic Partners 3%: 0% TGE unlock, 16 months cliff, 4 months vesting
Staking Incentives 20%: 2% TGE unlock, 0 months cliff, 30 months vesting
Launch Pad 0.2%: 0% TGE unlock, 1 month cliff, 5 months vesting

(8)Website:  https://ithacaprotocol.io/
(9)Whitepaper:  https://docs.ithacaprotocol.io/docs/

**4.Gate.io Labs Investment Disclosure**
Gate.io Labs has not invested in Ithaca Protocol(ITHACA).

**5.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 17th, 2024

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