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, Apricot (APT), on January 10th, 2022 at 06:00 AM(UTC).
Startup Link: https://www.gate.com/startup
Introduction to Apricot (APT)
Apricot is a next-gen lending protocol that supports leveraged yield farming on Solana. Our mission is to help users maximize yield while protecting their downsides.
With Apricot, users can:Deposit assets to earn interests (Apricot Lend)Borrow assets for trading or leveraged yield farming (Apricot X-Farm). Cross-margin leveraged yield farming helps users farm with greater capital efficiency. Pre-configure when and how automated deleveraging takes place (Apricot Assist) Assist helps users put on leverage with greater ease of mind by reducing the cost of liquidation.
(The information below is provided by the Apricot team. Please follow website for more information）
Token Information
Token name: Apricot
Token symbol: APT
Max Supply: 1,000,000,000 APT
Token Type: SPL
Token Contract: APTtJyaRX5yGTsJU522N4VYWg3vCvSb65eam5GrPT5Rt
Token Distribution and Unlocking Rules:
Private sale: 20%
Quarterly vesting between 14th-20th month
Public sale: 4%
100% TGE
Team & advisor: 16%
6 months lockup and 24 month vesting
Liquidity mining: 40%
Vesting monthly for 48 months
Reserve: 10%
Vesting monthly for 24 months
Eco: 10%
Vesting monthly for 12 months
Website: https://apricot.one
Whitepaper: https://docs.google.com/document/d/1fRve-sYTaUh6n8KeR1ChcNiuKNTTsyCCdxQ1N--_Mk4/edit?usp=sharing
Token Information: https://solscan.io/token/APTtJyaRX5yGTsJU522N4VYWg3vCvSb65eam5GrPT5Rt
Apricot Startup Sale Rules
(1) Duration: 06:00 AM on January 10th-06:00 AM on January 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; Market Price(Reference): $0.089; Startup Supply: 1,373,438 APT
(4) Purchase limit: The maximum subion limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subion allocation is:
the maximum number of subions (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
(5) Unlocking Rule: Unlock
(6) Users place orders using USDT.
(7) Users can place orders from 06:00 AM on January 10th-06:00 AM on January 11th(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 purchase after placing the orders until we announce the sale result. An insufficient balance will result in the cancellation of the purchase order.
(9) Each type of currency can only be purchased once with each KYC account.
(10) After 06:00 AM(UTC) on January 11th, 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.
(11) Trading starts time: 10:00 AM(UTC) on January 11th, 2022
Gate Labs Investment Participating Disclosure
Gate Labs invested in Apricot
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 uate 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 APT, 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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Gate Team
January 5th, 2022
