Gate Startup Initial Offering Sienna(WSIENNA)

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.



Startup Link: https://www.gate.com/startup



Introduction to Sienna(WSIENNA)

Sienna Network is a privacy first DeFi protocol with an AMM (Automated Market Maker) Swap feature. A lending protocol and other features will be added later this year.

Due to the blockchain technology, Sienna is scalable, which leads to very low GAS fees and almost instantaneous transactions. The privacy of the blockchain also prevents front-running.

The privacy protect your wallet and transactions are only visible to you and not publicly available on the blockchain. You can still document your transaction history.



Token Information

Token name: Sienna

Token symbol: WSIENNA

Max Supply 10,000,000 WSIENNA

Token Type: ERC-20

Contract: TBA

Token distribution ratio and unlocking rules:

24% Founders

‍Vesting: Locked for 6 months, then remaining released daily over 20 months.

20% Private sale

‍Vesting: Locked for 3 months, then released daily over 16 months.

13% Development fund

Vesting: Locked for 12 months, then remaining released daily over 24 months.

2% Advisors

‍Vesting: Locked for 6 months, then released daily over 16 months

2% Public sale

200,000 tokens are allocated for the public sales on DAO Maker & Polkastarter.



Website： https://sienna.network

WhitePaper： https://drive.google.com/file/d/1m1Heb9aSCteLOQR8mXl6mmcOk47QR2yr/view



Sienna Startup Event Rules

(1) Duration: 15:00 4th May, 2021 - 13:00 5th May, 2021 (UTC)(Orders placed by qualified users within these 22 hours will be treated equally.)

(2) Trading starts time: 16:00 5th May, 2021 (UTC)

(3) Price: $6

(4)Startup Supply : 3333.33 wSIENNA

(5) Users purchase using USDT.

(6) To participate in Startup Sale, users will need to be VIP1 and above,can only purchase once with each KYC account.

(7) Purchase limit: The maximum sub-scrip-tion limit for a single user is 1000 shares; the relationship between the VIP level and the maximum sub-scrip-tion allocation is:

the maximum number of sub-scrip-tions (not the final actual subion 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

(8) 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.

(9) 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. The final result will be announced at 16:00 5th May, 2021(UTC)



Gate Labs Private Sale Participating Disclosure

Gate.Io Labs participated in the Sienna investment.





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 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 e valuate 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 is an established exchange that holds integrity, transparency,
  and fairness to a very high standard. We charge zero listing fees and
  only choose quality and promising projects. Our exchange consists only
  of 100% real trading volume. Thanks to everyone who has joined us in our
  journey. We always intend to improve and innovate to reward our users
  for their continuous support.
  
  
  
  Gate Team
  
  May 3, 2021
  
  
  
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