Announcements Gate.io Startup Free Offering: MicrovisionChain (SPACE) and Announcement of Free Distribution Rules ( 1,501 SPACE free of charge)

Gate.io Startup Free Offering: MicrovisionChain (SPACE) and Announcement of Free Distribution Rules ( 1,501 SPACE free of charge)

2024-02-19 05:12:57 UTC 25398 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, MicrovisionChain (SPACE), on February 21st, 2024 at 06:00 AM (UTC).

Startup Link: https://www.gate.io/startup
 
**Introduction to MicrovisionChain (SPACE)：**
MVC is a UTXO-model layer-one smart contract public blockchain with unlimited potential. It is a revolutionary blockchain solution built to solve Bitcoin's congestion issue. MVC achieves unparalleled transaction speed, exponential scalability with high-concurrency, extremely low fees, while maintaining decentralization. Combined with the cross-chain decentralized identity (DID) solution, MVC will become the ideal sidechain to Bitcoin, unlocking the full potential of Bitcoin for daily transactions and providing Bitcoin virtual machines enabling the development of massive Web3 applications.

(The information below is provided by the MicrovisionChain (SPACE) team. Please follow the website for more information）
 
**Token Information**
Token name: MicrovisionChain (MVC)
Token symbol: SPACE
Max Supply: 21,000,000 SPACE
Token Type: Mainnet
Token Contract: https://github.com/mvc-labs

Token Distribution and Unlocked Rules:

（All quantities of SPACE are distributed based on workload; there is no pre-sale or IXO）

*SHA 256 Mining: 35%
25 quantity of space every block, 10 minutes per block, 3,600 quantity of space every day, halving every 1,000days

*Proof of build (DAO Treasury): 55%
Depends on DAO on-chain proposal

*Proof of build (Early Contributor Before mainnet launch): 10%
Early contributor's supply is subject to 3 month cliff, with a 30 months linear vesting period (70,000 per month) and expected to be fully vested on September 1st, 2025.

Website: https://www.microvisionchain.com/ 
Whitepaper: https://mvcdao.gitbook.io/mvc-dao/about-us/technical-documentation
Token Information: https://www.mvcscan.com/

**MicrovisionChain (SPACE) Startup Sale Rules**
(1) Duration:  06:00 AM on February  21st - 06:00 AM on February 23rd (UTC), 2024 Orders placed by qualified users within these 48 hours will be treated equally.)
(2) Trading starts time: 10:00 AM on February 23rd (UTC), 2024    
(3) Price: $0; Startup Supply: 1,501 SPACE
(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
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 
(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 MicrovisionChain (SPACE)

**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
February 19th, 2024

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Gate.io Startup Free Offering: MicrovisionChain (SPACE) and Announcement of Free Distribution Rules ( 1,501 SPACE free of charge)

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