Announcements Gate.io Startup Initial Free Offering: bitsCrunch Token (BCUT) and Announcement of Free Distribution Rules( 375,000 BCUT free of charge)

Gate.io Startup Initial Free Offering: bitsCrunch Token (BCUT) and Announcement of Free Distribution Rules( 375,000 BCUT free of charge)

2024-02-18 07:53:25 UTC 30926 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 bitsCrunch Token (BCUT) 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 bitsCrunch Token (BCUT)
The bitsCrunch network marks a paradigm shift in blockchain analytics. As a decentralized, AI-enhanced data network, it provides unparalleled analytics and forensic data for NFTs, wallets, and other digital assets on the public blockchain. Accessible through user-friendly APIs, this platform paves the way for diverse application development. Standing out for its commitment to a community-driven ecosystem, bitsCrunch empowers individuals to contribute code or content, thus continuously enriching and expanding the network's capabilities.
 
(The information below is provided by the bitsCrunch Token (BCUT) team. Please follow bitsCrunch Token (BCUT) for more information）
 
Token Information
Token Name: bitsCrunch Token
Token Symbol: BCUT
Max Supply：1,000,000,000
Token Type:  ERC-20
Contract:
Ethereum: https://etherscan.io/address/0xBEF26Bd568e421D6708CCA55Ad6e35f8bfA0C406
Polygon: https://polygonscan.com/address/0x3fb83A9A2c4408909c058b0BfE5B4823f54fAfE2
Token distribution ratio and unlocking rules:

Seed round: 10%       TGE unlock 2.5%    4 month cliff, then release 3% to 3.25% every month until the month 36th
Private round: 10%     Private round 1 TGE unlock 3%   4 month cliff, then release 3.5% to 4%  every month until the month 30th.  Private round 2 TGE unlock 5%   4 month cliff, then release 5% every month until the month 24th.
Strategic round:3%   TGE unlock 8% then release 5.5% every month until the month 18th
Public round:7%   TGE unlock 20% then linear vesting until the month 12th
Airdrop phase 1:1.5%   Linear vesting until the month 6th
Team: 15%          8 month cliff, then release 2.5% every month
Advisors:2%       8 month cliff, then release 2.5% every month
Security buffer:5%    unlock 8% at TGE and then linear vesting until the month 24th
Growth:7%          linear vesting until the month 24th
Additional development fund:6%     5 month cliff and then linear vesting until the month 24th
Listing and MM:5%   TGE unlock 100%
Network bootstrapping reward pool: 10%   linear vesting until the month 60th
Additional airdrop: 0.5%      5 month cliff then unlock 100%
Ecosystem: 18%    linear vesting until the month 60th

Website: https://bitscrunch.com/
WhitePaper ：https://bitscrunch.com/bitsCrunch_Whitepaper.pdf

bitsCrunch Token (BCUT) Startup Sale Rules
(1) Duration: 09:00am Feb 18th, 2024 - 09:00am Feb 20th, 2024 (UTC)(Orders placed by qualified users within these 48 hours will be treated equally.)
(2) Trading Starts Time: 01:00pm Feb 20th, 2024 (UTC)
Trading Pairs: BCUT/USDT
(3) Price: 0 USDT
(4)Startup Supply : 375,000 BCUT 
(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
The actual share per user will receive is calculated according to the VIP Level at the time of subscription, and it’s necessary to ensure that the VIP Level of the account shall not downgrade from the VIP Level at the time of subscription before receiving the tokens.
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 participated in the bitsCrunch Token (BCUT) 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
Feb 18th, 2024

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Gate.io Startup Initial Free Offering: bitsCrunch Token (BCUT) and Announcement of Free Distribution Rules( 375,000 BCUT free of charge)

Gate.io Startup Initial Free Offering: bitsCrunch Token (BCUT) and Announcement of Free Distribution Rules( 375,000 BCUT free of charge)

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