Announcements Gate.io Startup Initial Free Offering: The Root Network(ROOT) and Announcement of Free Distribution Rules( 5,000,000 ROOT free of charge)

Gate.io Startup Initial Free Offering: The Root Network(ROOT) and Announcement of Free Distribution Rules( 5,000,000 ROOT free of charge)

2023-11-19 08:14:40 UTC 28866 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 Root Network(ROOT) 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 The Root Network(ROOT)
The Root Network is a new Layer 1 which is designed as the hub of the open metaverse where anything can be connected to anything. 
The Root Network is purpose-built for the open metaverse with core, UX and digital content focused protocols to enable seamless user experience and enhanced asset interoperability across the open metaverse. 
The Root Network prioritizes user experience and safety with built in account abstraction and features like its token any gas economy enabling some of the world's largest content brands to onboard users seamlessly and safely. 
The Root Network is EVM compatible built on Substrate integrated to XRPL and ETH with other networks on the horizon allowing content and accounts on those networks to access deeper functionality and more interoperability in the open metaverse.

(The information below is provided by The Root Network(ROOT) team. Please follow The Root Network(ROOT) for more information）
 
Token Information
Token Name: The Root Network
Token Symbol: ROOT
Max Supply：12,000,000,000 
Token Type: Mainnet
Mainnet explorer：https://explorer.rootnet.live

Token distribution ratio and unlocking rules: 
-Community Rewards - 20%, 110 weeks structured rollout ( distribution via quests).
-Land Mechanics – 20%.
-Ecosystem Development Fund – 10%.
-Block Reward Bootstrap - 10%,   spread over 260 weeks.
-CENNZ Burn to Mine - 10%.
-Futureverse – 15%, 200 weeks (100 weeks locked, 100 weeks vesting).
-Liquidity providers - 5%, available on initial CEX listing.
-DAO treasury 5%, 50 weeks locked, then fully vested. Controlled by the DAO.
-Advisors - 5%, 200 weeks (100 weeks locked, 100 weeks vesting).

Website: https://www.therootnetwork.com/ and https://www.futureverse.com/  
WhitePaper：https://www.futureverse.com/research?index=whitepaper

The Root Network(ROOT) Startup Sale Rules
(1) Duration: 04:00 AM November 20th, 2023 - 04:00 AM November 21st, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: TBA
Trading Pairs: ROOT/USDT
(3) Price: 0 USDT
(4)Startup Supply: 5,000,000 ROOT
(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
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 hasn't participated in The Root Network(ROOT) 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
November 19th, 2023

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Gate.io Startup Initial Free Offering: The Root Network(ROOT) and Announcement of Free Distribution Rules( 5,000,000 ROOT free of charge)

Gate.io Startup Initial Free Offering: The Root Network(ROOT) and Announcement of Free Distribution Rules( 5,000,000 ROOT free of charge)

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