Announcements Gate.io Startup Initial Free Offering: Otherworld(OWN) and Announcement of Free Distribution Rules(800,000 OWN free of charge)

Gate.io Startup Initial Free Offering: Otherworld(OWN) and Announcement of Free Distribution Rules(800,000 OWN free of charge)

2024-06-24 10:26:11 UTC 20193 Read

OWN/USDT + 19.75%

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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 Otherworld(OWN) 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/zh/startup/1635

<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup/1635" 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 Otherworld(OWN)**
Otherworld is Web3 Social Protocol that is a social ecosystem integrating familiar social media features with Web3 benefits like digital asset ownership. It leverages IP usage rights from top entertainment properties to create a decentralized content universe. Partnering with leading creators and companies, Otherworld offers immersive experiences such as webcomics and dynamic music, merging entertainment with social engagement. Its first in-house content, “Solo Leveling: Unlimited,” is an interactive NFT collecting experience. This innovative platform sets a new standard for content-driven social ecosystems by combining social interaction with exclusive storytelling.
 
(The information below is provided by the Otherworld(OWN) team. Please follow Otherworld(OWN) for more information）
 
**Token Information**
Token Name: Otherworld
Token Symbol: OWN
Max Supply：1,000,000,000
Token Type: ERC-20
Contract:
ERC-20: https://etherscan.io/token/0x2d81f9460bd21e8578350a4f06e62848ed4bb27e
Token distribution ratio and unlocking rules: 
Total Supply(100%):1,000,000,000
-Investment(15%):150,000,000 (6m cliff, 36m linear)
-Marketing(5%):50,000,000(60m linear)
-Team(20%):200,000,000(12m cliff, 36m linear)
-Community(50%):500,000,000(120m linear)
-Reserve(5%):50,000,000(3% unlock, 2% 60m linear)
-Ecosystem(5%):50,000,000(6m cliff, 36m linear)
 
Website: https://otherworld.network/
WhitePaper ：https://docs.google.com/document/d/1I5MSja5AHv6pHTNtRO1t7ZoDzEZ-pw7zjAvf-SFTZ7U/edit 
 
**Otherworld(OWN) Startup Sale Rules**
(1) Duration: 06:00 am 25th June, 2024 - 06:00 am 27th June, 2024 (UTC)(Orders placed by qualified users within these 48 hours will be treated equally.)
(2) Trading Starts Time: 10:30 am 27th June, 2024 (UTC)
Trading Pairs: OWN/USDT
(3) Price: 0 USDT
(4)Startup Supply : 800,000 OWN
(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 Otherworld(OWN) 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
June 24th, 2024

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Gate.io Startup Initial Free Offering: Otherworld(OWN) and Announcement of Free Distribution Rules(800,000 OWN free of charge)

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