Announcements Gate.io Startup Initial Free Offering: Turbos(TURBOS) and Announcement of Free Distribution Rules(7,000,000 TURBOS free of charge)

Gate.io Startup Initial Free Offering: Turbos(TURBOS) and Announcement of Free Distribution Rules(7,000,000 TURBOS free of charge)

2023-05-11 10:57:43 UTC 21437 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
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 Turbos(TURBOS) 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 Turbos
Turbos Finance is a non-custodial DEX on Sui with horizontal scalability and digital asset ownership. Invested by Jump Crypto and Mysten Labs, Turbos bridges the gap between Sui's ecosystem and the market, ensuring strong liquidity and efficient trading for users. Through strategic initiatives including the TurbosBoost Campaign, Turbos is committed to expanding the reach of DeFi, creating new opportunities and transforming the financial landscape. With dedication to bringing DeFi to developers and users on Sui, Turbos is a critical part of the Sui ecosystem, enhancing the success rate of its protocols and driving broader adoption.

(The information below is provided by the Turbos(TURBOS) team. Please follow Turbos(TURBOS) for more information）
 
Token Information
Token Name: TURBOS
Token Symbol: TURBOS
Max Supply：10,000,000,000 TURBOS
Token Type: Sui
Contract: https://suiexplorer.com/object/0x5d1f47ea69bb0de31c313d7acf89b890dbb8991ea8e03c6c355171f84bb1ba4a
Token distribution ratio and unlocking rules: 
Team: 18%,  6 months cliff and 3.33% for 30 months.
Investors: 15%, 6 months cliff and 3.33% for 30 months.
Public sale: 1.5%, 40% at TGE, 3 months cliff and then 6.67% for 9 months.
Liquidity: 10.5%.
Marketing: 5%.
Mining & Rewards:50%.

Website: https://www.turbos.finance/ 
WhitePaper: https://docsend.com/view/az3ucbpz54v9zkp6
 
Turbos(TURBOS) Startup Sale Rules
(1) Duration: 07:00 am 14th May, 2023 - 07:00 am 15th May, 2023 (UTC)
(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 10:00 am 15th May, 2023 (UTC)
Trading Pairs: TURBOS/USDT
(3) Price: 0 USDT
(4)Startup Supply: 7,000,000 TURBOS
(5) Unlock rule: TGE 20%, and then unlock 20% of the TURBOS in the second month, while the remaining 60% will be unlocked in 30% batches every month from the 2nd distribution.
(6) To participate in Startup Sale, VIP 0 users need to hold no less than 500 USD worth of Spot Assets in balance, and the number of share will be 1/4 of VIP 1 users’ share; 
The higher the VIP tier, the more shares.
For VIP 1 and above,  the higher the VIP level the higher the contribution share will be.
Each user can only purchase once with a KYC account.
(7) Purchase limit: The maximum contribution limit for a single user is 1500 shares; the relationship between the VIP level and the maximum contribution allocation, please refer to the link: https://www.gate.io/article/29892
(8) Users need to ensure that there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders until we announce the sale result. An insufficient balance will result in the cancellation of the purchase order.
(9) We will collect all the qualified orders and distribute the tokens according to the ratio of the individual purchase orders to the purchase orders in total. The final result will be announced before trading starts.
(10) 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 Turbos(TURBOS) investment.

Attention
(1) Countries not supported: the United States, Canada, Malaysia, Singapore, Mainland China, Malta, Cuba, Iran, North Korea, Crimea, Sudan, Syria, Bangladesh, Bolivia.
For users from other countries, please check and make sure your participation in the token sale on Startup complies with local laws and regulations.
(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.
<sp>
Gateway to Crypto
Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io

[Sign up](https://www.gate.io/signup "Sign up") to enter the crypto gateway and get 40% commission from [referrals](https://www.gate.io/referral "referrals")

[Download iOS/Android App](https://www.gate.io/mobileapp?ch=ann27560 "Download iOS/Android App") right now.

Reach out to us!
Twitter: https://twitter.com/gate_io
GateVIP Twitter:https://twitter.com/Gateio_Inst
Telegram: https://t.me/gate_zh
API Telegram: https://t.me/gateioapi
Instagram: https://www.instagram.com/gateioglobal
Medium: https://gateio.medium.com/
Podcast: https://gateio.buzzsprout.com/?ch=buzzs

Gate.io Team
May,11th, 2023

Change & Chart Start-End Time

Rise/Fall Color

Pay With

Gate.io Startup Initial Free Offering: Turbos(TURBOS) and Announcement of Free Distribution Rules(7,000,000 TURBOS free of charge)

Gate.io Startup Initial Free Offering: Turbos(TURBOS) and Announcement of Free Distribution Rules(7,000,000 TURBOS free of charge)

Select language and region

Select your region

Fiat Currencies