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 Cherry Token(CHER) 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/cn/startup
Introduction to Cherry Token(CHER)
The Cherry Project is a Decentralized Autonomous Organization developing a layer one blockchain network optimized for data operations. Cherry serves as a purpose-specific infrastructure for decentralized applications handling data. Built on Substrate, it implements state-of-the-art cryptographic standards to provide for second layer scalability (zkSNARKs) and features a node-level IPFS integration that allows the Cherry Virtual Machine to natively interface with an indexed queryable data storage and referencing facility. This novel native node to IPFS communication mechanism allows smart contracts to interact with an updated state of the data in runtime. These advanced features come prebuilt in our core and are accessible on other blockchains through Cherry’s interoperability channels. Decentralized applications built on Cherry or many of the most renowned decentralized networks can now leverage Cherry’s features to augment their dApps. Most of the complexities of building-integrated web3 applications handling data are, thus, abstracted away to the core, allowing smart contract developers to rely on a rich base layer toolkit, and ultimately focus on best serving their customers.
(The information below is provided by the Cherry Token(CHER) team. Please follow Cherry Token(CHER) for more information）
Token Information
Token name: Cherry Token
Token symbol: CHER
Max Supply: 600,000,000
Token Type: BEP20
Contract: 0x8f36cc333f55b09bb71091409a3d7ade399e3b1c
Token distribution ratio and unlocking rules:
Seed Investors: 3%
10% on TGE, 6 months cliff, linear release for 9 months (15 months total)
Private Sale I: 4.5%
10% on TGE, 5 months cliff, linear release for 9 months (14 months total)
Private Sale II: 4.5%
15% on TGE, 3 months cliff, linear release for 9 months (12 months total)
Private Sale III: 6%, Linear release for 9 months
Public Token Sale: 3%, 100% Unlocked at TGE
Liquidity Pools: 7%, 100% Unlocked at TGE
Strategic Partnerships: 15%, 33% on TGE, linear release for 18 months
Founders & Team: 6.5%, 6 months cliff, linear release for 24 months (30 months total)
Cherry Labs: 40%, Linear over 60 months
Advisors: 3%, 4 months cliff, linear release for 12 months (16 months total)
Community Incentives: 7.5%, 66% on TGE, linear release for 4 months
Website: https://cherry.network
WhitePaper:https://cher.to/lp
Cherry Token Startup Sale Rules
(1) Duration: 07:00 AM 25th December 2021 - 07:00 AM 26th December 2021 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 10:00 AM 26th December 2021 (UTC)
Trading pairs: CHER/USDT
(3) Price: 0 USDT(Public Sale Price: $0.036)
(4)Startup Supply: 1,388,889 CHER
(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 subscription limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subscription allocation is:
the maximum number of subscriptions (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 participated in the Cherry Token(CHER) 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 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.
Gate will open an Automated Market Maker (AMM ) for CHER, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from liquidity pool transaction fees 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 bonus and withdraw at any time
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Gate Team
20th December 2021
