Announcements Gate.io Startup Free Offering: Propbase(PROPS) and Announcement of Free Distribution Rules ( 226,757 PROPS free of charge)

Gate.io Startup Free Offering: Propbase(PROPS) and Announcement of Free Distribution Rules ( 226,757 PROPS free of charge)

2024-04-19 15:03:07 UTC 37375 Read

PROPS/USDT -0.42%

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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, Propbase (PROPS), on April 28th, 2024 at 07:00 AM (UTC).

Startup Link: https://www.gate.io/startup/1425

<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup/1425" target="_blank" style="text-decoration: none;display: inline-block;"><div style="text-align:center;background: #2354E6; padding: 16px; border-radius: 8px; width: 200px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">Click to Subscribe</span></strong></div></a></div>

**Introduction to  Propbase (PROPS)：**
Propbase, a tokenized real estate investment marketplace in South East Asia, allows you to invest in high quality resilient real estate assets for as little as $100 with fractional ownership, earn rental yield, and sell whenever you like from anywhere. Our native utility (platform) token is PROPS and serves as a uniform method of settlement for all smart contract interaction, all property transaction fees, and access to new listings.

(The information below is provided by the Propbase (PROPS) team. Please follow the website for more information）
 
**Token Information**
Token name: Propbase
Token symbol: PROPS
Max Supply: 1,200,000,000 PROPS
Token Type: APTOS
Token Contract: 0xe50684a338db732d8fb8a3ac71c4b8633878bd0193bca5de2ebc852a83b35099

Token Distribution and Unlocked Rules:
Community IDO: 20%
TGE: 100%

Core Team: 12%
6 Months cliff, linear monthly vesting over 60 Months

Advisors: 5%
3 Months cliff, linear monthly vesting over 36 Months

Liquidity: 10%
TGE: 50%, linear monthly vesting over 12 Month

Ecosystem Rewards: 35%
1 Months cliff, linear monthly vesting over 60 Months

Seed: 5%
3 Months cliff, linear monthly vesting over 24 Months

Marketing: 10%
Linear monthly vesting over 12 Months

Foundation: 3%
6 Months cliff, linear monthly vesting over 60 Months

Website:  https://www.propbase.app/ 
Whitepaper: https://www.propbase.app/white-paper
Token Information:
https://explorer.aptoslabs.com/account/0xe50684a338db732d8fb8a3ac71c4b8633878bd0193bca5de2ebc852a83b35099?network=mainnet

**Propbase (PROPS)Startup Sale Rules**
(1) Duration:  07:00 AM on April 28th - 07:00 AM on April 30th (UTC), 2024 (Orders placed by qualified users within these 48 hours will be treated equally.)
(2) Trading starts time: 11:00 AM on April 30th (UTC), 2024  
(3) Price: $0
(4) Startup Total Supply:  226,757 PROPS
(5) Unlocking 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 hasn’t participated in the Propbase (PROPS).

**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
April 19th, 2024

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Gate.io Startup Free Offering: Propbase(PROPS) and Announcement of Free Distribution Rules ( 226,757 PROPS free of charge)

Gate.io Startup Free Offering: Propbase(PROPS) and Announcement of Free Distribution Rules ( 226,757 PROPS free of charge)

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