Announcements Gate.io Startup Free Offering: Chamcha (CHAX) and Announcement of Free Distribution Rules (6,321,113 CHAX free of charge）

Gate.io Startup Free Offering: Chamcha (CHAX) and Announcement of Free Distribution Rules (6,321,113 CHAX free of charge）

2023-12-22 10:59:36 UTC 28917 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 Startup will launch its next project, Chamcha (CHAX), on December 24th, 2023 at 08:00 AM (UTC).
 
Startup Link: https://www.gate.io/startup
 
**Introduction to  Chamcha (CHAX)：**
CHAX is the exclusive token of the Chamcha platform, serving as the infrastructure for various Ordinals asset transactions within the Bitcoin ecosystem. With the Mutil Bridge technology, CHAX supports cross-chain operations between BRC and ERC and integrates the Lightning Network. The platform introduces a burning mechanism, regularly disclosing the amount burned, with the burning rate accelerating as the number of participants increases, aiming to maintain a relatively high CHAX price. The launch of the staking pool provides additional earning opportunities for CHAX holders, with approximately 2% of the circulating supply already staked. AI Yield Farming, utilizing AI models, helps select the most promising BRC20 assets, enabling CHAX participants to generate more income. In the future, the project plans to support Rollup L2 technology, and with ongoing development, various applications will gradually be implemented.

(The information below is provided by the Chamcha (CHAX) team. Please follow the website for more information）
 
**Token Information**
Token name: Chamcha
Token symbol: CHAX
Max Supply: 2,100,000,000 CHAX
Token Type: BRC-20
Token Contract: 
https://unisat.io/brc20/chax

Token Distribution and Unlocked Rules:
*Public Donation：68%
TGE: 100%

*Ecosystem Growth：12%
TGE: 100%

*Staking Rewards：10%
Distributed via yield farming and other liquidity incentivization schemes

*Liquidity Reserve：10%
TGE: 100%

Website: https://chamcha.io/ 
Whitepaper:https://docs.chamcha.io/chamcha/project/overview
Token Information: 
https://unisat.io/brc20/chax  
 
**Chamcha (CHAX)Startup Sale Rules**
(1) Duration: 08:00 AM on December 24th - 08:00 AM on December 25th (UTC), 2023 Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 12:00 PM on December 25th (UTC), 2023   
(3) Price: $0; Startup Supply: 6,321,113 CHAX
(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/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 didn’t invest in Chamcha (CHAX)

**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 22, 2023

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Gate.io Startup Free Offering: Chamcha (CHAX) and Announcement of Free Distribution Rules (6,321,113 CHAX free of charge）

Gate.io Startup Free Offering: Chamcha (CHAX) and Announcement of Free Distribution Rules (6,321,113 CHAX free of charge）

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