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 NYM(NYM) Startup contribution is a free contribution, and will not deduct the users' participation funds in the end of event.
Startup Link: https://www.gate.com/startup
Introduction to NYM(NYM)
NYM is the native token of the Nym mixnet. It is a utility token that rewards nodes for operating the Nym privacy system, providing privacy for users of the Nym network. Users (or their applications and wallets) will use NYM tokens to access the mixnet and have their privacy protected. The fees, collected in NYM, go to a reward pool which is distributed to mixnodes. Mixnodes mix traffic and are rewarded based on their performance and reputation (amount of NYM bonded to their node). Tokenholders can also delegate NYM to mixnodes as a bond, signalling reputation for that node, and earn a share of the mixnode’s rewards. This supports decentralisation and encourages the mixnet to have a high quality of service by involving the broader community in the process of selecting nodes.
(The information below is provided by the NYM(NYM) team. Please follow NYM(NYM) for more information）
Token Information
Token name: NYM
Token symbol: NYM
Max Supply：1,000,000,000
Token Type: ERC20
Contract: 0x525A8F6F3Ba4752868cde25164382BfbaE3990e1
Token distribution ratio and unlocking rules:
–Team 20%
2-year vesting with quarterly releases, starting on May 3, 2022
–Backers 36.5%
2-year vesting with quarterly releases, starting on May 3, 2022
–Mix-mining: 25%
Releases on a monthly schedule. Mixing rewards will start on March 31st, 2022 but they won’t become liquid until May 3, 2022
–Reserve & Community: 11%
2-year vesting with quarterly releases, starting on March 31st, 2022
—Coinlist Sale: 7.5%
Tranche 1:
Will be distributed all at once to CoinList-hosted wallets around 11pm UTC April 5th, 2022
Tranche 2 (Cosmos):
2-year vesting with quarterly releases, distributed to self-hosted Nym wallets (not CoinList-hosted wallets) starting on May 3, 2022
Website: https://nymtech.net/
WhitePaper ：https://nymtech.net/nym-whitepaper.pdf
NYM Startup Sale Rules
(1) Duration: 7:00AM 14th Apr, 2022 - 7:00AM 15th Apr, 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 9:00AM 15th Apr, 2022 (UTC)
Trading pairs: NYM/USDT
(3) Price: 0 USDT(Publi Sale Price: $0.5)
(4)Startup Supply : 60,000 NYM
(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 contribution (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
(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 NYM(NYM) 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 NYM, 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:
- Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
- 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.
- 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.
- 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.
- Liquidity providers can take bonuses and withdraw at any time
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Gate Team
Apr 14th, 2022
