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 and airdrop benefits.
This VVS Finance (VVS) 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/startup
Introduction to VVS Finance (VVS)
VVS Finance is the first and largest decentralized exchange using automated market-making (AMM) natively built on the Cronos blockchain. It is designed to be the simplest venue to swap and earn yields at the best available rate.
(The information below is provided by the VVS Finance (VVS) team. Please follow VVS Finance (VVS) for more information）
Token Information
Token Name: VVS Finance
Token Symbol: VVS
Max Supply：100,000,000,000,000
Token Type: CRC20 (Cronos)
Contract:https://cronoscan.com/token/0x2D03bECE6747ADC00E1a131BBA1469C15fD11e03
Token distribution ratio and unlocking rules
Network Security and Maintenance: 13.5%, 100% unlocked at launch
Ecosystem Development:13.5%, 100% unlocked at launch
For Farm and Mine Programs: 30%, no vesting
Traders and Referrers: 2.5%, no vesting
Market Makers: 2.5%, no vesting
Community Wallet for Future Initiatives:15%, unlocked after 12 months since launch
Team: 23%, vested for 4 years, daily vesting
Website: https://vvs.finance/
Whitepaper: https://docs.vvs.finance/litepaper
VVS Finance (VVS) Startup Sale Rules
(1) Duration: 08:00 AM August 24th, 2022 - 08:00 AM August 25th, 2022 (UTC) (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 11:00 AM August 25th, 2022
Trading Pairs: VVS/USDT
(3) Price: 0 USDT
(4)Startup Supply: 22,023,314,174 VVS
(5) Users purchase using USDT.
(6) Unlock rule: 100% unlock.
(7) 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 shares 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
(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 hasn't participated in the VVS Finance (VVS) 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 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.
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Gate Team
August 23rd, 2022
Disclaimer
The content provided herein is for reference and educational purposes only and does not constitute any financial, investment, trading, or legal advice, nor does it constitute an offer or solicitation to buy or sell any digital assets. Gate makes no express or implied representations or warranties regarding the accuracy, completeness, or timeliness of the information contained herein. Product features, interfaces, rules, and fee structures may be updated or adjusted at any time. Please refer to the latest announcements and the actual information displayed on the Gate platform for the most accurate details.
Digital asset investments involve significant risk, and prices may fluctuate substantially. You may lose the entire amount of your investment. Please make decisions cautiously based on your own financial situation and risk tolerance after fully understanding the associated risks. If necessary, you are advised to consult an independent professional financial or legal advisor.
For more information about potential risks, please refer to Gate's Risk Disclosure and User Agreement.
