Gate Startup Free Offering: Wam(WAM) and Announcement of Free Distribution Rules( 3,000,000 WAM 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 Wam(WAM) Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of the event.



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



Introduction to Wam(WAM)

WAM is a play-to-earn crypto-gaming platform where everybody can play & compete with friends in simple hyper-casual tournaments to earn crypto rewards. The platform can be accessed on any mobile web browser or downloaded from Google Play and the AppStore.

On WAM.app, the more a player wins the more their in-platform rank grows, just like normal real-life leaderboards in competitive sports. Once player advances their rank they can participate in more rewarding tournaments with higher entrance fees & reward pools.

Each tournament has a reward pool where WAM.app adds a fixed amount of $WAM for every player who pays the entrance fee. At the end of the tournament, the rewards are distributed algorithmically to a percentage of the top players based on their score and ranking.

They got the inspiration from real-life amateur sports tournaments where millions of people from all over the world compete in games like football, basketball, rugby, tennis, billiards, darts, and many more, just to have fun and spend time together with friends and family. The pandemic showed them the importance of sharing experiences and keeping in touch with our peers and doing it on a digital platform with people from all over the globe is the simplest way to do it.



(The information below is provided by the Wam(WAM) team. Please follow Wam(WAM) for more information）



Token Information

Token name: Wam

Token symbol: WAM

Max Supply：1,000,000,000

Token Type: BEP-20

Contract: 0xebbaeff6217d22e7744394061d874015709b8141

Token distribution ratio and unlocking rules:

Seed Sale 2% 10% at the listing, 4m cliff, 24m vesting

Private Sale 9.8% 10% at listing, 4m cliff, 24m vesting

Public Sale 2.4% 20% at listing, 4m cliff, 16m vesting

Reward Pool 40% Unlocked as needed over 120m depending on participation

Team： 14.6% 12m cliff then vested for 24m,4.16% release each month

LP, MM.Staking,Liquidity 9.2% 28% at listing, 1- month cliff, 18 months vesting with 4% each month

Marketing 7% 5% at listing ,5% in month 7,15% every quarter after the first 12m

Development 5% 1m cliff then vested for 48m, 2% released each m if needed

Company Reserve 5% 12m cliff then vested for 16m. 16.67% released quarterly

Advisors 5% 12m cliff then vested for 24m,4.16% released each m



Website:https://wam.app

Whitepaper ：https://whitepaper.wam.app



Wam(WAM) Startup Sale Rules

(1) Duration: 06:00 AM 19th Dec, 2021 - 04:00AM 20th Dec, 2021 (UTC)(Orders placed by qualified users within these 22 hours will be treated equally.)

(2) Trading starts time: 11:00AM 20th Dec, 2021 (UTC)

Trading pairs: WAM/USDT

(3) Price: 0 USDT(Public Sale Price: $0.02)

(4)Startup Supply :3,000,000 WAM

(5) Users purchase using USDT.

(6) Unlock rule: 12.5%TGE，then 12.5% monthly unlock

(7) To participate in Startup Sale, users will need to be VIP1 and above, can only purchase once with each KYC account.

(8) Purchase 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

(9) 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.

(10) 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 before trading starts.



Gate Labs Private Sale Participating Disclosure

Gate Labs hasn't participated in the Wam(WAM) 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 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.
  
  
  
  Gate will open an Automated Market Maker (AMM ) for WAM, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from liquidity pool transaction fees and GT token rewards from liquidity reward pools. 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 bonuses and withdraw at any time
   
   
   
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   Dec 19th, 2021