Gate Startup Free Offering: Cloudname(CNAME) and Announcement of Free Distribution Rules( 1,000,000 CNAME 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 Cloudname(CNAME) Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of event.



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



Introduction to Cloudname(CNAME)

Cloudname is the #1 platform for domain names trading. With a user-friendly interface and innovative custom tools, Cloudname makes it easier than ever to tokenize, rent, and trade domain names.



(The information below is provided by the Cloudname(CNAME) team. Please follow Cloudname(CNAME) for more information）



Token Information

Token name: Cloudname

Token symbol: CNAME

Max Supply：380,000,000

Token Type: ERC-20 of polygon

Contract: 0x948A5DC885d103Eb2B889CEb29Be42bC36Df516C

Token distribution ratio and unlocking rules:

Seed: 8% unlock 10% day 1, 15 month linear vesting

Strategic: 15% unlock 15% day 1, 12 month linear vesting

IDO: 1% no lockup

Market and liquidity: 20% unlock 4% day 1, 12 month linear vesting

Marketing and community : 15% unlock 2% day 1, 12 month linear vesting

Development: 20% 12 month linear vesting

Foundation: 6% 4 month locked from IDO, 20 month linear vesting m after 4 month

Team and Advisors: 15% 4 month locked from IDO, 20 month linear vesting after 4 month



Website: https://cloudname.com/en/

WhitePaper ：https://drive.google.com/file/d/1mAcN6tsFW5mk_gJBwjMfNnRR9RzGZ9Ve/view



Cloudname Startup Sale Rules

(1) Duration: 16:00 24th Feb, 2022 - 16:00 25th Feb, 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)

(2) Trading starts time: 13:00 26th Feb, 2022 (UTC)

Trading pairs: CNAME/USDT

(3) Price: Public Sale Price: $0.06

(4)Startup Supply : 1,000,000 CNAME

(5) Users purchase using USDT.

(6) Unlock rule: 100% 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 contribution limit for a single user is 1000 shares; the relationship between the VIP level and the maximum contribution allocation is:

the maximum number of contributions (not the final actual contribution 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 has not participated in the Cloudname(CNAME) 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 CNAME, 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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   Gate Team
   
   February 22nd, 2022