Announcements Gate.io Startup Initial Free Offering: Connext(NEXT)and Announcement of Free Distribution Rules ($30,000 worth of NEXT free of charge)

Gate.io Startup Initial Free Offering: Connext(NEXT)and Announcement of Free Distribution Rules ($30,000 worth of NEXT free of charge)

2023-09-03 12:53:10 UTC 20713 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”. Free airdrops for excellent blockchain projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens via airdrop benefits.

Gate.io will launch its next Startup, Connext(NEXT), on September 4th, 2023 at 10:00 AM (UTC).

Startup Link: https://www.gate.io/startup

Introduction to Connext(NEXT)：
Connext is an open protocol that allows developers to build applications that can live on every chain and be used with every token. Since its creation in 2017, the project’s mission has been to make Web3 accessible to everyday users by abstracting away the complexity of blockchains.

Today, Connext is an open, thriving ecosystem of builders, researchers, and web3 enthusiasts from a multitude of independent organizations working together to redefine crosschain experiences through public goods and open standards.

Connext is more than a bridge; it is a growing ecosystem of primitives that builders can seamlessly and permissionlessly compose to create groundbreaking apps and experiences. Leading projects such as Metamask, Alchemix, Gelato, Superfluid, Keep3r, Gnosis Zodiac, and many more are integrating Connext to build the next generation of dApps.

(The information below is provided by the Connext(NEXT) team. Please follow the website for more information）

Token Information
Token name: Connext
Token symbol: NEXT
Max Supply: 1,000,000,000 NEXT
Token Type: ETH
Token Contract:
0xFE67A4450907459c3e1FFf623aA927dD4e28c67a

Token Distribution and Unlocked Rules:
Early Backers: 22.43%
TGE 0%, 12 months cliff, vesting over 12 months

Ecosystem & Strategic Backers: 11.24%
TGE 0%, 12 months cliff, vesting over 12 months

Early Team & Advisors: 11.61%
TGE 0%, 12 months cliff, vesting over 12 months

Proxima Labs: 3.78%
TGE: 100%

DAO: 29.3%
TGE: 100%

Airdrop: 10.7%
TGE 100%

Foundation: 10.94%
TGE 100%

Website: https://www.connext.network/
Whitepaper: https://docs.connext.network/concepts/readme
Token Information:
https://etherscan.io/token/0xFE67A4450907459c3e1FFf623aA927dD4e28c67a

Connext(NEXT) Startup Sale Rules
(1) Duration: 10:00 AM on September 4th - 10:00 AM on September 5th (UTC), 2023 Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: TBD
(3) Price: $0; Startup Supply: $30,000 worth of NEXT
(4) Unlocking Rule: 100% Unlock
(5) Startup Participation Rules:
Each user can only purchase once with 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 received 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/zh/article/31899
(6) 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.
(7) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behaviour, and any cheating behaviour is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.

Gate.io Labs Investment Participating Disclosure
Gate.io Labs invested in Connext(NEXT)

Attention
(1) Countries not supported: USA, 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.

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Gate.io Team
September 3, 2023

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Gate.io Startup Initial Free Offering: Connext(NEXT)and Announcement of Free Distribution Rules ($30,000 worth of NEXT free of charge)

Gate.io Startup Initial Free Offering: Connext(NEXT)and Announcement of Free Distribution Rules ($30,000 worth of NEXT free of charge)

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