Gate Startup:DeRace（DERC）Initial Sale Result & Listing Schedule

1 DeRace(DERC)Token Sale Result





The Gate Startup DeRace(DERC)sale result is as follows:



DAO Startup Locked Amount: 865,640 DAO

Total value of orders (in USDT): 2,032,181 USDT

Total value of qualified orders (in USDT): 2,013,024 USDT

Number of orders:1,942

Number of Qualified orders: 1,898

Percentage of qualified orders: 97.73429454171 %

Percentage of succeeded purchases: 99.057314768998 %

Number of participants: 1,942

Number of qualified participants: 1,898



Average qualified order value per user (in USDT): 1060.6028049526 USDT

Average distribution value per user (in USDT): 21.074815595364 USDT

Average distributed DERC per user: 421.49631190727DERC



F (distribution ratio) = 0.023104292777598



Per the previous announcement, all qualified orders will obtain the token on sale equally. To guarantee transparency and fairness, all original records are stored for possible third-party auditing.



Attention: Most unqualified orders occurred due to insufficient balance in the user account. Please ensure there is sufficient balance (exceeding the purchasing value) for the order by UTC 04:00 A.M. The insufficient balance will result in the cancellation of the purchase order.



According to the official rules, 20% at the TGE, then 20% on a quarterly basis



2 DERC Listing



Participants will receive a proportional amount of DERC tokens to their share of DAO tokens locked up on Gate according to the token release schedule at the TGE (We will commence DERC trading at Aug 3rd, PM 12:00 UTC. The withdrawal service will be available afterwards.).



3 Gate Startup Initial Offer



Gate Startup has become increasingly more popular among users, with an excellent performance since its launch. In 2020, Gate Startup Initial Offer has upgraded to version 2.0. We are providing more flexible and diversified services to attract more promising projects. At the same time, we are aiming at providing more protections to our users.

If you are a project team and want to commence your initial token sale here, submit a request below.

Apply at: https://www.gate.com/listrequest



If you project has had initial token sale and wants to be listed at Gate, you may also apply to participate in our voting for listing activities. If you are our user and have a good project to recommend, please fill the application form and let us know. Let’s work together to boost the development of Gate and create more benefits to our users.





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

Aug 3rd, 2021