Gate Startup Free Offering: Spherium(SPHRI) and Announcement of Free Distribution Rules(102,564 SPHRI free of charge)

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



This Spherium(SPHRI) Startup subion is a free subion, and will not deduct the users' participation funds in the end of event.



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



Introduction to Spherium(SPHRI)

Spherium offers a complete suite of financial services comprising of a universal wallet, token swap platform, money markets, and inter-blockchain liquidity transfer. Spherium will function as a global financial service provider, extending fundamental financial services to the unbanked.HyperSwap: Decentralized Asset Swap based on an automated market-making mechanismSphereComp: Decentralized money markets where investors can lend or borrow digital assets with interest rates determined by the law of supply and demandSpherium Wallet: Decentralized and Secure Wallet for Spherium products and ServicesSpherium provides a single platform for multi-asset, cross-chain swaps, crypto financing solutions, and cross-chain operability. Spherium introduces user-friendly interfaces, sophisticated financial services to the world of DeFi.Spherium is a leading fintech platform in the Decentralised Financial sector. Spherium unifies the current scattered DeFi landscape by creating a suite of financial services for a global audience.





(The information below is provided by the Spherium(SPHRI) team. Please follow Spherium(SPHRI) for more information）

Token Information

Token name: Spherium

Token symbol: SPHRI

Max Supply：100,000,000 SPHRI

Token Type: ERC20

Contract: 0x8a0cdfab62ed35b836dc0633482798421c81b3ec

Token distribution ratio and unlocking rules:

Seed 10% 5% released at TGE. 5%after 30 days. Thereafter 15% released every 3 months. 100% released in 18 months.

Private Sale 12.99% 10% released at TGE. 10%after 30 days. Thereafter 20% released every 3 months. 100% released in 12 months.

Strategic Investment Round 1.71% 10% released at TGE, thereafter 3% after 30 days and then 3% every week.

Public Sale/IDO 1.65% 100%TGE

Initial Liquidity Provision 5%

Team 15% 20% released after 8 months from TGE. Thereafter 20% released every 4 months.

Advisors 1% 10% released after 6 months from TGE. Thereafter 10% every month. 100% tokens released in 15 months from TGE.

Marketing 12% 5% released after 10 days from TGE. Thereafter 5% every month. 100% released in 20 months.

Legal&Admin 3% 5% released after 10 days from TGE. Thereafter 5% every month. 100% released in 20 months.

Protocol Emission&LP Rewards 15%

Eco Development 22.65% 5% released after 6 months of TGE, thereafter 5% every 2 months. 100% unlocked in 44 months.



Website: https://spherium.finance

WhitePaper: https://spherium.finance/static/media/whitepaper.155bde27.pdf





Spherium Startup Sale Rules

(1) Duration: 11:00am 17th Aug, 2021 - 08:00am 18th Aug, 2021 (UTC)(Orders placed by qualified users within these 21 hours will be treated equally.)

(2) Trading starts time: Aug 18th, 2021 11:00am UTC

Trading pairs: USDT/SPHRI

(3) Price: 0 USDT(Public price:$0.195)

(4) Startup Supply : 102,564 SPHRI

(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 10:00am 18th Aug, 2021(UTC).





Gate Labs Private Sale Participating Disclosure

Gate Labs participated in the Spherium(SPHRI) 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 will open an Automated Market Maker (AMM ) for SPHRI, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liqudity in will get rewards from liquidity pool transaction fee and GT token rewards from liquidity reward pool. High annual rate rewards with secure.
  
  
  
  AMM Trading Market and AMM Liquidity Mining
  
  
  
  Gate has launched a new version of the liquidity pool (centralized automatic 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:
  
  
  

1. Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
   
2. 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.
   
3. 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.
   
4. 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.
   
5. Liquidity providers can take bonus and withdraw at any time.
   
   
   
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   Aug 17, 2021