Announcements Gate.io Startup Free Offering: Magic Square(SQR)and Announcement of Free Distribution Rules( 86,957 SQR free of charge)

Gate.io Startup Free Offering: Magic Square(SQR)and Announcement of Free Distribution Rules( 86,957 SQR free of charge)

2024-01-19 14:51:56 UTC 41107 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 Magic Square (SQR) 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 Magic Square (SQR)**
Magic Square positions itself as the official Web3 App Store, known as the Magic Store, fundamentally changing how users discover and interact with apps and games in the Web3 space. This platform addresses key challenges in the Web3 ecosystem by providing a rewarding experience for both users and developers. Its notable features include Hot Offers for earning rewards, a Karma System for user engagement, Magic Boost for traffic generation, and a community-led Validation Voting system. The Magic ID feature facilitates easy Web3 onboarding. Central to its ecosystem is the $SQR token, which is used for premium memberships, user acquisition, targeted advertising, and decision-making in platform governance. Magic Square's commitment to user engagement and quality assurance establishes it as a pivotal player in enhancing the Web3 experience.

(The information below is provided by the Magic Square (SQR) team. Please follow Magic Square (SQR) for more information）
 
**Token Information**
Token Name: Magic Square
Token Symbol: SQR
Max Supply：1,000,000,000
Token Type: BEP-20
Contract:
https://bscscan.com/token/0x2B72867c32CF673F7b02d208B26889fEd353B1f8
Token distribution ratio and unlocking rules: 
Team：200,000,000，20%，Lockup 12 Months，Vesting 30 Months
Advisors：50,000,000，5%，Lockup 12 Months，Vesting 30 Months
Private Round-Phase 1：130,000,000，13%，Lockup 6 Months，Vesting 24 Months
KOL Round：20,000,000，2%，Lockup 6 Months，Vesting 20 Months
Private Round-Phase 2：40,000,000，4%，10% was unlocked at TGE, Lockup for 6 months, then vesting
Public Sale：1,000,000，1%，10% Release after the TGE，Vesting 9 Months
Ecosystem Grants：120,000,000，12%，Vesting 36 Months
Pre-TGE Drop：10,000,000，1%，100% unlocked at TGE
Community Rewards：110,000,000，11%，Vesting 36 Months
Market Maker：30,000,000，3%，100% unlocked at TGE
Liquidity and Listing：70,000,000，7%，50% unlocked at TGE, 50% Vested after 1 Month
Reserves：210,000,000，21%，Vesting 36 Months
 
Website: https://magic.store/
WhitePaper ：https://magicsquare.gitbook.io/magic-square-litepaper/
 
**Magic Square (SQR) Startup Sale Rules**
(1) Duration: 06:00 am 21st Jan, 2024 - 06:00 am 22rd Jan, 2024 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 10:00 am 22rd Jan, 2024 (UTC)
Trading Pairs: SQR/USDT
(3) Price: 0 USDT
(4)Startup Supply : 86,957 SQR
(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 has participated in the Magic Square (SQR) 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
Jan 19th, 2024

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Gate.io Startup Free Offering: Magic Square(SQR)and Announcement of Free Distribution Rules( 86,957 SQR free of charge)

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