Announcements Gate.io Startup Prime Project: bitSmiley(SMILE) GT Subscription Details Announcement

Gate.io Startup Prime Project: bitSmiley(SMILE) GT Subscription Details Announcement

2024-10-29 10:01:00 UTC 28027 Read

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

Project Startup Link: the startup page link：https://www.gate.io/startup/1948

<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/startup/1948" 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 3000.**

1.Introduction to bitSmiley(SMILE):
bitSmiley, the first platform on the Bitcoin blockchain to offer a native lending and stablecoin fusion, encapsulated by our proprietary Fintegra technology, revolutionizing decentralized finance.

2.Project Startup Link: https://www.gate.io/startup/1948

3.Token Information
(1) Token Name: bitSmiley
(2) Token Symbol: SMILE
(3) Max Supply：210,000,000
(4) Token Type: ERC20
(5) Smart Contract Address: https://etherscan.io/token/0x6a9b3fdb4a3296ecba1ebfa2cf4a8b16032a769c
(6) Token distribution ratio and unlocking rules:
Round1 Investor: 10%, 0.2% unlock at TGE, 180 days cliff, then linear release over 12 months；
Round2 Investor: 6%, 0.3% unlock at TGE, 150 days cliff,  then linear release over 12 months;
people’s launchpad: 1%, 0.5% unlock at TGE, 60 days cliff,  then 100% release；
bit-Disc Airdrop: 3%,1% unlock at TGE, remaining linear release over 3 months;
bitSmileyDao: 26%, 3.16% unlock at TGE, remaining allocation linear release over 48 months；
User Incentive: 21.5%, 3% unlock at TGE, remaining allocation linear release over 48 months；
Team & Advisor: 12.5%, 0% unlock at TGE, 2 years cliff,  then linear release over 48 months；
Staking: 12.5%, 1.8% unlock at TGE, remaining allocation linear release over 24 months；
Liquidity: 7.5%, 2.8% unlock at TGE, remaining allocation linear release over 12 months；

(8) Website: https://www.bitsmiley.io/
(9) Whitepaper: https://github.com/bitSmiley-protocol/whitepaper/blob/main/BitSmiley_White_Paper.pdf

4.bitSmiley(SMILE) Startup Subscription Rules：
(1) Duration: 06:00 AM November 4th, 2024 - 06:00 AM November 6th, 2024 (UTC) (Orders placed by qualified users within these 48 hours will be treated equally)
(2) Trading Starts Time：10:00 AM November 6th, 2024 (UTC)
The Trading Pair: SMILE/USDT
(3) Users can only subscribe by using GT.
(4) Subscription Price: $0.381 USDT 
(Regarding the GT Price, in this bitSmiley(SMILE) Subscription, the GT Price is $9 USDT)
(5) Subscription target: 16,667 GT
(6) Subscription Total Supply: 393,701 SMILE
(7) Subscription Shares: 5.55556 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 did not invest in bitSmiley(SMILE).

**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
Oct 29th, 2024

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