Gate Startup Initial Free Offering: Olive (OLV) and Announcement of Free Distribution Rules (200,000 OLV free of charge)

About Gate Startup Free Airdrop Program: In order to reward platform users, Gate launched the "Startup Project Free Airdrop Program." Free airdrops for excellent blockchain projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens via airdrop benefits.



Gate Startup will launch its next project, Olive (OLV) , at 08:00 AM on May 11th (UTC), 2022.



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



Introduction to Olive (OLV)

OLIVE is the first blockchain concept project business of global F&B brands for E2E(Eat to Earn). In the Olive ecosystem, there are many named F&B franchise companies in abroad. OLIVE’s Metaverse Platform allows participants to create and share everything they imagine through 3D avatars and Playground services. Olive Token will be also based on the E2E(Eat-To-Earn) concept. Where people can order food from our partner food brand to get rewards in Olive token. In the App, There is an Olive point which is a credit point that can convert to real money points to buy food and other products and goods on the Olive platform.





(The information below is provided by the Olive team. Please follow their website for more information）



Token Information

Token name: OLIVE

Token symbol: OLV

Max Supply: 1,000,000,000 OLV

Token Type: Klaytn (KIP7)

Token Contract：0x2350caf0eead5677e85b5282fa68d8d42fa381bf

Token Distribution and Unlocking Rules:

Ecosystem: 30%

12 months cliff, 37 months linear vesting

Development: 20%

7 months cliff, 36 months linear vesting

Team: 10%

9 months cliff, 18 months linear vesting

Marketing: 5%

6 months cliff, 16 months linear vesting

Advisor & Partners: 5%

9 months cliff, 18 months linear vesting

Token Swap: 30%

0.5% at TGE, 39 months linear vesting



Website: http://service.oliveco.biz/

Whitepaper: https://drive.google.com/file/d/1nregqKdP4cKLHIUHGJNlxfqaU09qC2jL/view

Token Information:

https://scope.klaytn.com/account/0x2350caf0eead5677e85b5282fa68d8d42fa381bf?tabId=txList



Olive Startup Airdrop Rules

(1) Duration: 08:00 AM on May 11th—08:00 AM on May 12th (UTC), 2022. (Orders placed by qualified users within these 24 hours will be treated equally.)

(2) To participate in the Startup Airdrop, users will need to be VIP1 and above.

(3) Price: $0; Reference price : $0.41; Startup Supply: 200,000 OLV

(4) Subscription 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

(6) Users place orders using USDT.

(7) Users can place orders from 08:00 AM on May 11th—08:00 AM on May 12th (UTC), 2022. Orders placed by qualified users within these 24 hours will be treated equally.

(8) Users need to ensure that there is sufficient balance (exceeding the purchase value) in accounts for the airdrop eligibility after placing the orders until we announce the airdrop result. An insufficient balance will result in the cancellation of the airdrop distribution.

(9) Each type of currency can only be staked once with each KYC account.

(10) After 08:00 AM(UTC) on May 12th, we will collect all the qualified orders and distribute the tokens according to the ratio of the individual USDT placing orders to all participation orders in total.

(11) Trading starts time: 12:00 PM (UTC) on May 12th



Gate Investment Participating Disclosure

Gate Labs didn’t invest in Olive



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 that 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.
  
  
  
  
  
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  May 7th, 2022