Gate has launched Startup, a platform that aims to provide users with access to innovative and advanced projects. Traders now have more opportunities to make an initial investment.
Gate Startup will launch its next project with Solvent(SVT) on Jan 10th, 2022 at 12:00 PM(UTC).
Startup Link: https://www.gate.com/startup
Introduction to Solvent
Solvent is a platform to convert NFTs to fungible tokens known as droplets, giving the user instant liquidity. The instant liquidity for NFTs can provide users a platform to trade NFTs faster than they can today. Droplets can be traded on AMMs and Serum order books on Solana. Users can trade the droplets owned by them to redeem NFTs in the Solvent buckets or swap droplets for $USDC directly from the platform. They can also stake their liquidity of the droplets into liquidity pools and earn liquidity rewards. Features like lending, loans, NFT derivatives, and more exciting integrations are to be released soon.
(The information below is provided by the Solvent team. Please follow website for more information）
Token Information
Token name: Solvent
Token symbol: SVT
Max Supply: 100,000,000 SVT
Token Type: SPL
Token Contract: svtMpL5eQzdmB3uqK9NXaQkq8prGZoKQFNVJghdWCkV
Token Distribution:
Seed 7%
10% on TGE , 6 months cliff and 11% every other month
Stratagic 8.5%
12% on TGE, 4 months cliff and 11% every other month
Public Sale 1.5%
100% on TGE
Team 18%
8 months cliff and then 5% every month
Solvent Liquidity 20%
5% on TGE, 6 months cliff and then 4.75% every month
Ecosystem & Marketing 12%
10% on TGE, 1.5% every month
Liquidity Rewards 30%
5% on TGE 1.58% every month
Website:https://www.solventprotocol.com/
White Paper: https://solvent.xyz/#litepaper
Token Information: https://explorer.solana.com/address/svtMpL5eQzdmB3uqK9NXaQkq8prGZoKQFNVJghdWCkV
Solvent (SVT) Startup Sale Rules
(1) Duration: 12:00 PM on Jan 10th - 12:00 PM on Jan 11th (UTC), 2022 (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) To participate in the Startup Sale, users will need to be VIP1 and above.
(3) Price: 0.3 USDT/SVT; Startup Supply : 666,667 SVT
(4) Purchase limit: The maximum subscription limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subscription allocation is:
the maximum number of subscriptions (not the final actual subscription number) = the square of the VIP level multiplied by 10. For example:
VIP2 users can subscribe up to 2 2 10 = 40 shares
VIP3 users can subscribe up to 3 3 * 10 = 90 shares
(5) Unlocking Rule: Unlock
(5) Users place orders using USDT.
(6) Users can place orders from 12:00 PM on Jan 10th - 12:00 PM on Jan 11th (UTC), 2022. Orders placed by qualified users within these 24 hours will be treated equally.
(7) Users need to ensure that there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders until we announce the sale result. An insufficient balance will result in the cancellation of the purchase order.
(8) Each type of currency can only be purchased once with each KYC account.
(9) After 12:00 PM on Jan 11th (UTC), we will collect all the qualified orders and distribute the tokens according to the ratio of the individual purchase orders to the purchase orders in total.
(10) Trading starts time: 13:00 PM on Jan 13th, 2022 (UTC)
Gate Labs Investment Participating Disclosure
Gate Labs invested in Solvent
Attention
(1) Countries not supported: Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Burundi, Burma, Canada, China, Democratic Republic of Congo, Cuba, Ethiopia, Guinea-Bissau, Guinea, Iran, Iraq, Japan, Liberia, Lebanon, Libya, Macedonia, Malaysia, New Zealand, Serbia, Sri Lanka, Sudan, Somalia, Syria, Thailand, Trinidad and Tobago, Tunisia, Uganda, Ukraine, United States of America, Venezuela, Yemen, Zimbabwe.
For users from other countries, please check and make sure your participation in the token sale on Startup complies with local laws and regulations.
(2) Risk Warning:
- The project team does not guarantee that the 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.
(3) Requirements for participants
- The participant should register on Gate 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.
Gate will open an Automated Market Maker (AMM ) for SVT, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from the liquidity pool transaction fee and GT token rewards from the liquidity reward pool. High annual rate rewards with security.
AMM Trading Market and AMM Liquidity Mining
Gate has launched a new version of the liquidity pool (centralized automated market maker (AMM) transaction service) on August 1st, 2021: allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate will continue to add different currencies, please pay close attention to follow-up announcements.
The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:
- Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
- A fixed percentage (such as 50%) of the transaction fee will automatically be changed into GT through the open market and put into the AMM Reward Pool.
- Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.
- Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.
- Liquidity providers can take bonus and withdraw at any time
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Jan 6th, 2022
