Announcements Gate.io Startup Initial Free Offering: Common Wealth (WLTH) and Announcement of Free Distribution Rules( 333,334 WLTH free of charge)

Gate.io Startup Initial Free Offering: Common Wealth (WLTH) and Announcement of Free Distribution Rules( 333,334 WLTH free of charge)

2024-05-29 11:26:58 UTC 15371 Read

WLTH/USDT -1.84%

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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 Common Wealth (WLTH) 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/1544

<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup/1544" 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 Common Wealth (WLTH) **
Common Wealth is an early stage investment system for everyone - creating an all-access pass for retail investors to take control of their financial future. Common Wealth is disrupting, scaling and optimising the traditional venture capital investment model using Web3 principles and technology.
By opening up access to the 99%, Common Wealth incentivises crowd-sourced wisdom and enables better standards of investment and education at scale. Common Wealth prioritises the highest levels of integrity and due diligence in order to verify the trust, reliability, and security of the platform and all projects.
In order to create a more democratic financial system Common Wealth takes a first principles approach, designing and implementing innovative solutions from the ground up. It isn’t easy, there are many unknowns but one thing is clear: we must. On “All Street”, every investor shares in the wealth proportionally. Whether you are new to investing or a well seasoned member of the crypto community - Common Wealth is for everyone.

(The information below is provided by the Common Wealth (WLTH)   team. Please follow Common Wealth (WLTH)  for more information）
 
**Token Information**
Token Name: Common Wealth
Token Symbol: WLTH
Max Supply：1,000,000,000 
Token Type: ERC-20
Contract:
https://basescan.org/token/0x99b2b1a2adb02b38222adcd057783d7e5d1fcc7d 
Token distribution ratio and unlocking rules: 
8.8% Genesis NFT Series 1: 4.16% released at TGE, followed by a vesting schedule of 24 months
2.2% Genesis NFT Series 2: 4.17% released at TGE, followed by a vesting schedule of 24 months
6.96% Strategic Partners Round 1:  Cliff for 6 months followed by a vesting schedule of 19 months
1.04% Strategic Partners Round 2: 5% released at TGE, followed by a vesting schedule of 18 months
5.75% NFT Staking Rewards + Airdrop: 100% released at TGE
10% Public Round: 15% released at TGE, followed by a vesting schedule of 7 months
9.25% Marketing: Cliff for 1 month followed by a vesting schedule of 30 months
5% Advisors: Cliff for 6 months followed by a vesting schedule of 30 months
14% Team: Cliff for 9 months followed by a vesting schedule of 34 months
20% Treasury/ Working Capital: Cliff for 1 month followed by a vesting schedule of 17 months
5% Rewards & Incentives: 5% released at TGE, followed by a vesting schedule of 12 months
10% Exchanges & Liquidity: 100% released at TGE
2% Community Fund Bootstrap: 100% released at TGE (non-liquid)

Website: https://joincommonwealth.xyz/
WhitePaper ：https://joincommonwealth.xyz/whitepaper
 
**Common Wealth (WLTH)   Startup Sale Rules**
(1) Duration: 12:00pm 29th May, 2024 - 08:00am 30th May, 2024 (UTC)(Orders placed by qualified users within these 20 hours will be treated equally.)
(2) Trading Starts Time: 12:00pm 30th May, 2024 (UTC)
Trading Pairs: WLTH/USDT
(3) Price: 0 USDT
(4)Startup Supply : 333,334 WLTH
(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 hasn't participated in the NuLink(NLK) 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
May 29th, 2024

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Gate.io Startup Initial Free Offering: Common Wealth (WLTH) and Announcement of Free Distribution Rules( 333,334 WLTH free of charge)

Gate.io Startup Initial Free Offering: Common Wealth (WLTH) and Announcement of Free Distribution Rules( 333,334 WLTH free of charge)

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