Gate has launched the “Startup Project Free Airdrop Program” in order to reward users. Free airdrops for potential blockchain projects will be launched in Startup from time to time, where users can get a variety of tokens via airdrop benefits.
User’s participation funds will not be deducted for Startup project Derive(DRV) free airdrop.
1.How to Participate:
Step 1: Login to your Gate account(Complete KYC2 verification)
Step 2: Hold no less than 10 USD of spot asset
Step 3: Click “$0 Free to Claim”
2.Derive(DRV) Startup Participation Rules
Duration: 6:00 AM 13th January, 2025 - 20:00 PM 14th January 2025 (UTC)(Orders placed by qualified users within the subscription period will be treated equally.)
Trading starts time: 0:00 AM 15th January, 2025 (UTC) (Trading pair: DRV/USDT)
Fundraising Goal: $50,000 USDT
Startup Supply: 370,370 DRV
Unlocking Rule: 100% Unlock
Participation Requirements: Complete KYC2 verification and the value of spot asset balance held is not less than 10 USD.
Startup Participation Rules:
(1) The higher the VIP level, the more Startup airdrop shares can be claimed. Each user can receive up to 8,000 shares. For specific information about available shares, please refer to: https://www.gate.com/help/guide/faq/25687/startup-faq
(2) Non-VIP Users can join the lucky draw of free airdrop by holding no less than 10 USD of spot assets, 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.
(3) The user’s VIP level will be checked when the tokens are distributed. The actual share per user will receive is calculated according to the VIP Level when distribution happens.
(4)Announcement of results: After the subscription ends, the system will count all eligible subscription order and distribute the project tokens accordingly. Tokens for VIP users will be distributed according to the ratio of their valid subscription amount to the total valid subscription amount, while Non-VIP users will have a portion of lucky users randomly selected to evenly distribute the airdrop quota. The subscription results will be announced before listing.
Note: 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 reserves the right to disqualify the users involved and forfeit their rewards.
Learn more about the rules for available shares of different VIP levels: https://www.gate.com/help/guide/faq/25687/startup-faq
Check participation tutorial: https://www.gate.com/help/guide/functional_guidelines/22401/how-to-participate-in-startup
3.Project Information (The information below is provided by the Derive(DRV) team. Please follow the website for more information）
(1)Introduction：
-Derive is bringing the options market onchain - we have built a monopoly with over (>70% market share) and we’re experiencing rapid growth (currently 120m TVL, 70k users and 400k wallets eligible for airdrop).
-The size of the market today is $200 billion and this will grow to $5 trillion over the next 3 years as more RWAs are issued onchain, and the onchain economy constitutes a significant share of financial flows globally.
-Composability with Major Partners: Largest DeFi protocols (Ethena, EtherFi, Lombard) using Derive to increase the utility of their tokens. We onboard interest bearing collateral faster than anyone else on the market.
(2)Token name: Derive
(3)Token symbol: DRV
(4)Max Supply: 1,000,000,000
(5)Token Type: ERC-20
(6)Token Contract: https://etherscan.io/token/0xb1d1eae60eea9525032a6dcb4c1ce336a1de71be
(7)Token Distribution and Unlocked Rules:
Market Makers 3% - TGE unlock 100%;
Ethena Foundation 5% - TGE no unlock, cliff period 6 months, vesting period 25 month;
Circulating/Vested 58% -TGE unlock 100%;
Ecosystem/ Community 20% - TGE unlock 2.3%, no cliff period, vesting period 77 month;
Foundation 3% - TGE no unlock, cliff period 1 months, vesting period 20 month;
Team 3% - TGE no unlock, cliff period 6 months, vesting period 30 month.
(9)Website:https://www.derive.xyz/
(10)Whitepaper: https://www.derive.xyz/files/v2-whitepaper.pdf
4.Gate Labs Private Sale Participating Disclosure
Gate Labs has not invested in Derive (DRV)
5.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”. 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.
(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.
**Gateway to Crypto**
Trade over 3,400 cryptocurrencies safely, quickly, and easily on Gate
• Visit our Official Website
• Download Gate App / Web now
• Follow us on Gate X (Twitter) to get more bonuses
• Join our Telegram to discuss hot topics
• Join our Global Community to get more updates
• We provide 100% proof of reserve
• Sign up to enjoy max. $6666 in rewards exclusively for new users
• Get 40% commission from referrals
Gate Team
January 13th, 2025
