Announcements Gate.io Startup Prime Project: BAC Games(BACGAMES) GT Subscription Details Announcement

Gate.io Startup Prime Project: BAC Games(BACGAMES) GT Subscription Details Announcement

2024-05-30 09:38:25 UTC 14724 Read

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This BAC Games(BACGAMES) will only be available for GT subscriptions. Please be aware that the participation users’ funds will be deducted at the end of this BAC Games(BACGAMES) Subscription.

Project Startup Link: the startup page link：https://www.gate.io/startup/1551

<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup/1551" 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>

GT Users Exclusive Subscription Shares:
The subscription will be based on the user’s VIP and the user’s current GT Holding (GT Holding Calculation including the asset in the Lending/Borrowing Market, and the GT bought with USDT borrowed from Margin Trading; however, GT borrowed from Margin Trading shall not be included) to determine the participation qualification and the subscription shares, users not holding GT shall not be able to participate in this subscription. The maximum subscription share is 1500.

1.Introduction to BAC Games(BACGAMES):
BAC Games is the first Web3 game platform on Blast (blast.io), and will cover a diverse array of thrilling games. Being the first game in the series, BAC (Blast Auto Club) is a relaxing and entertaining HTML5 club racing game.

2.Project Startup Link: https://www.gate.io/startup/1551

3.Token Information
(1) Token Name: BAC Games
(2) Token Symbol: BACGAMES
(3) Max Supply：100,000,000
(4) Token Type: Blast
(5) Smart Contract Address: https://blastscan.io/token/0xe20D45377370135C733876548de202040cfC0664 
(6) Token distribution ratio and unlocking rules:
Private Investors 10%：0 unlock at TGE, 3 Months cliff, 24 Months vesting
Team 15%: 0 unlock at TGE, 12 Months cliff, 24 Months vesting
Earn in Games 25%: 4% unlock at TGE, no cliff, 18 Months vesting
Marketing 15%: 20% unlock at TGE, no cliff, 18 Months vesting
Advisors 3%: 0 unlock at TGE, 6 Months cliff, 12 Months vesting
Community 8%: 20% unlock at TGE, no cliff,  18 Months vesting
Ecosystem 22%: 0 unlock at TGE, no cliff, 12 Months vesting
Liquidity Pool 2%: 100% unlock at TGE

(8) Website: https://www.bacgame.io/ 
(9) Whitepaper: https://docs.bacgame.io/

4.BAC Games(BACGAMES) Startup Subscription Rules：
(1) Duration: 08:00 AM June 1st, 2024 - 08:00 AM June 3rd, 2024 (UTC) (Orders placed by qualified users within these 48 hours will be treated equally)
(2) Trading Starts Time：12:00 PM June 3rd, 2024 (UTC)
The Trading Pair: BACGAMES/USDT
(3) Users can only subscribe by using GT.
(4) Subscription Price: $0.5 USDT worth of GT
(Regarding the GT Price, in this BAC Games(BACGAMES) Subscription, the GT Price is $8 USDT)
(5) Subscription target: 3,125 GT
(6) Subscription Total Supply: 50,000 BACGAMES
(7) Subscription Shares: 1.25 GT/Share
(8) Unlock rule: 100% Unlock
(9) Participation Requirement: Based on the User VIP Level and current GT Holding (including the asset in the Lending/Borrowing Market, and the GT bought with USDT borrowed from Margin Trading; however, GT borrowed from Margin Trading shall not be included) to determine participation qualification and the subscription shares available. Users not holding GT can not participate in the sale.
(10) Subscription Limit:
When the user subscribes, Gate.io will take the smaller subscription share as the user’s participation share between the VIP level available subscription share and the user’s current GT Holding available share.
(11) Announcement of results: After the end of the day’s subscription, the system will count all eligible subscription orders.
(12) 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.

5.Gate.io Labs Investment Disclosure
Gate.io Labs has invested in BAC Games(BACGAMES).

**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 30th, 2024

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Gate.io Startup Prime Project: BAC Games(BACGAMES) GT Subscription Details Announcement

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