Gate Startup Initial Free Offering: Ethlas (ELS)and Announcement of Free Distribution Rules( 266,667 ELS 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 Ethlas (ELS) 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 Ethlas (ELS)
At Ethlas, we’re engineering the future of gaming by leveraging Web3 to unlock the next level of experiences. Ethlas is making Web3 accessible and safe for everyone, paving the way towards the future of gaming by using Web3 to unlock innovative and fresh user experiences.

Ethlas’ ecosystem is built upon games and Web3 infrastructure, inviting users to play, and companies to integrate. The ecosystem is powered by $ELS, which is used for governance, staking, in-game purchases and to access infrastructure tools - entirely inside Ethlas Portal.

(The information below is provided by the Ethlas(ELS) team. Please follow Ethlas(ELS) for more information）

Token Information
Token Name: Ethlas
Token Symbol: ELS
Max Supply：350,000,000
Token Type: ERC-20
Contract:
0xEb575C45004bd7B61C6A8D3446a62a05a6Ce18d8

Token distribution ratio and unlocking rules:
Treasury: 14.2% – 5% unlock at TGE, then 25% of remaining unlock every 12 months
Liquidity Pool & Rewards: 7% – 10% unlock at TGE, then 25% of remaining unlock every 12 months
Ethlas Builders: 35% – 25% unlock every 12 months after TGE
Investors & Strategics: 18.2% – 25% unlocked at week 26th, remaining unlock every 13 weeks
Pre-Sale: 1.1% – 25% unlocked every 3 months after TGE
Public Sale/Allocation: 3.0% – 50.0% unlock at TGE, then 10% of remaining unlock every 3 months
ACE Foundation: 14.5% – 7.5% unlock at TGE, then 25% of remaining unlock annually

Website: https://ethlas.com/
WhitePaper ：https://whitepaper.ethlas.com/

Ethlas (ELS) Startup Sale Rules
(1) Duration: 03:00am June 27th, 2023 - 03:00am June 28th, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 06:00 am June 28th, 2023 (UTC)
Trading Pairs: ELS/USDT
(3) Price: 0 USDT
(4)Startup Supply : 266,667 ELS
(5) Unlock rule: 100% unlock.
(6) To participate in Startup Sale, VIP 0 users need to hold no less than 500 USD worth of Spot Assets in balance, and the number of share will be 1/4 of VIP 1 users’ share;
The higher the VIP tier, the more shares.
For VIP 1 and above, the higher the VIP level the higher the contribution share will be.
Each user can only purchase once with KYC account
(7) Purchase limit: The maximum contribution limit for a single user is 1500 shares; the relationship between the VIP level and the maximum contribution allocation, please refer to the link: https://www.gate.com/article/29892
(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 before trading starts.

Gate Labs Private Sale Participating Disclosure
Gate Labs hasn't participated in the Ethlas (ELS) investment.

Attention
(1) Countries not supported: the United States, Canada, Malaysia, Singapore, Mainland China, Malta, Cuba, Iran, North Korea, Crimea, Sudan, Syria, Bangladesh, Bolivia.
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 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.

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Gate Team
June 21st, 2023