Gate Startup Initial Offering-DAO SHO Project- Lossless (LSS)

Gate has launched Startup, a platform
that aims to provide users with access to innovative and advanced
projects. Traders now have more opportunities to make an initial
investment.



Gate Startup will launch another DAO SHO project-Lossless sale on the 30th of May, 2021 at 10:00 AM UTC.



Startup Link: https://www.gate.com/en/startup/124





Project Introduction

Lossless - The first DeFi hack mitigation tool for token creators.
Lossless Protocol freezes fraudulent transaction based on a set of fraud
identification parameters and returns stolen funds back to the owner’s
account.



Token Information

Ticker: LSS

Total Supply: 100,000,000，

Token Price: $0.077

Vesting: 20% on TGE, and 20% every 90 days



Token Allocation:

Company Reserves: 15%

Private Round: 35%

Advisors: 5%

Team: 15%

Adoption Incentives: 20%

Marketing/ Listing; 10%



Token Utility:

LSS Token Governance | Payouts for white hat hackers in LSS tokens | Pegged L-xxx tokens | LSS staking for hacks spotting



Website: https://lossless.cash/





Important Notice about Gate Startup Sale for Lossless:

1. Startup supply: 649,350.6 LSS; Vesting: 20% on TGE, and 20% every 90 days; Price: $0.077
   
2. Payment currency: USDG, Lockup currency: DAO
   
3. Eligible participants: agree to lock up DAO for a period of 15 days. Individual cap is 2K DAO.
   
4. Token distribution: participants get a proportional amount of LSS tokens to their share of DAO tokens locked up on Gate.
   
5. The LSS tokens will not be released until the Token Generation
   Event. Users won’t get any LSS token immediately after the Gate
   startup sale.
   
6. The startup sale is designed for Lossless’s DAO Maker SHO portion.
   
7. The cryptocurrency market is highly volatile. The project team does
   not guarantee that token price will not be lower than SHO price. Please
   invest with caution, and don't invest beyond your financial capacity.
   
   
   
   
   
   Rules of Lossless ’s DAO SHO Portion Sale on Gate’s Startup：
   
   (1) Order Duration: May 30th 10:00：00 AM -May 31st 2:00 AM UTC
   
   (2) To participate in Startup Sale, users will agree to lock up DAO for a period of 15 days.
   
   (3) The price is $0.077
   
   (4) Users can place orders by agreeing to locking up DAO for 15 days
   
   (5) Users can place orders from May 30th 10:00：00 AM -May 31st 2:00 AM
   UTC. Orders placed by qualified users within these hours will be treated
   equally.
   
   (6) Users need to ensure that there is sufficient balance
   of DAO (the full amount you agree to lockup for 15 days) and USDG
   (amount to pay for LSS token actually purchased) in accounts for the
   purchase after placing the orders. An insufficient DAO balance will
   result in the cancellation of the purchase order.
   
   (7) Each individual can only purchase once with an account passing KYC.
   
   (8) After May 31st 2:00 AM UTC, we will collect all the qualified
   orders and calculate the result and announce the result in 2 hours. USDG
   to pay for Participant’s LSS token purchase will be deducted from the
   participant’s account and the amount of DAO the participant agrees to
   lockup when placing orders will be locked for 15 days.
   
   Participants
   will receive a proportional amount of LSS tokens to their share of DAO
   tokens locked up on Gate according to the token release schedule at
   the TGE (the token generation event, TBA ).
   
   
   
   Example:
   
   If the
   total DAO locked by all startup sale participants is 20,000 DAO. The
   total supply of new tokens offered on Gate startup sale is 1,000,000
   new tokens. Token price is 0. 1 USDG per token. Participants are
   required to lock DAO for a period of 15 days.
   
   
   
   If User A agreed to lock 500 DAO (by placing order) for a period of 15 days. Then,
   
   
   
   User A’s share of the new tokens (also his share of DAO locked): 500/20,000=2.5%
   
   Users A will receive new tokens: 2.5%X 1,000,000=25,000 new tokens.
   
   User A’s USDG payment: the actual new token user A will receive X token price: 25,000X0. 1=2500 USDG
   
   
   
   After the sale, user A’s 500 DAO will be locked for 15 days.
   
   And USDG for purchase the new tokens will be deducted from User A’s spot account balance.
   
   
   
   
   
   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 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 is an established exchange that holds integrity, transparency,
  and fairness to a very high standard. We charge zero listing fees and
  only choose quality and promising projects. Our exchange consists only
  of 100% real trading volume. Thanks to everyone who has joined us in our
  journey. We always intend to improve and innovate to reward our users
  for their continuous support.
  
  
  
  Gate Team
  
  May 26, 2021
  
  
  
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