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 Franklin
The FLy token was designed to provide customers with an opportunity of getting discounts and additional benefits from VRM and Black Ocean ecos. Black ocean is a liquidity provision platform to institutional customers and venues of crypto trading The liquidity pool provides retail-oriented trading venues with liquidity and order ution. The dark pool provides institutional users with a trading venue for the ution of large orders more than 5 BTC/300k USDT without a counterparties risk and influence on the market. VRM is a proprietary HF trading and market making company. Since 2018, the company went from 9m$ to more than 15b$ of daily trading volume in 2021.
(The information below is provided by the Franklin team. Please follow Franklin for more information）
Token Information
Token name: Franklin
Token symbol: FLY
Max Supply: 1,700,000,000 FLY
Token Type: ERC-20
Contract: 0x85f6eb2bd5a062f5f8560be93fb7147e16c81472
Token distribution ratio and unlocking rules:
Institutional investors: 18.2%, 309.4 million, locked up for up to 24 months
Public sale/ Customer users: 17%, 289,000,000
Liquidity management: 30%, 510,000,000
Incentive plan: 18.8%, 319,600,000 locked up for 50 months
Advisors: 2%, 340,000,000, locked up for up to 18 months
Team: 14%, 238,000,000 units, locked up for up to 48 months
Unlocked every 3 months
First unlock happens at 2021.4.30
Note1: 4 rounds of investor – Strategic partner round, Pre-seed, Seed and Private round, has 24, 18, 15 and 12 months vesting schedule, and will be unlock every three months. All rounds share the same first unlock date which is 2021/04/30.
Note2: Public sale/ Customer with 17%, it does not mean we will release 17% at one go, we will first list at an exchanges with IEO and sell smart part of tokens on IDO. The rest of it will be slowly released/sold in secondary market through our means of Market Making methods and gradually used by BO customers for ecological services and construction.
Website：
Product website:https://bo.market/
VRM company website: https://vrm.trade/
Token Information:https://tokenfly.co/
WhitePaper ：https://drive.google.com/file/d/1m1Heb9aSCteLOQR8mXl6mmcOk47QR2yr/view
Franklin Startup Sale Rules
(1) Duration: 04:00 15th April, 2021 - 02:00 16th April, 2021 (UTC)(Orders placed by qualified users within these 22 hours will be treated equally.)
(2) Trading starts time: 04:00 16th April, 2021 (UTC)
(3) Price: $0.024
(4)Startup Supply : 10,416,666.7 FLY
(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 two hours later 04:00 16th April, 2021(UTC)
Gate Labs Private Sale Participating Disclosure
Gate.Io Labs participated in the Franklin (FLY) private round of 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
April 11, 2021
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