Gate.io 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.io Startup will launch its next project with XPRESS（XPRESS）on November 15th, 2021 at 04:00 AM(UTC).
Startup Link: https://www.gate.io/en/startup
Introduction to XPRESS
CryptoXpress (www.CryptoXpress.com) will democratize and simplify traditional financial services for a new generation. Started by a group of experienced global blockchain experts, the company provides an easy-to-use mobile app to access a range of crypto and banking digital services. A best-in-class user experience to buy/trade crypto, access NFT marketplaces, conduct payments and digital transfers, and other exclusive loyalty, retail and member benefits will be offered.
(The information below is provided by the XPRESS team. Please follow website for more information）
Token Information
Token name: XPRESS Token
Token symbol: XPRESS
Max Supply: 10,000,000 XPRESS
Token Type: BEP20
Token Contract: TBD
Token Distribution:
Angel Round: 1.37%
4% at TGE, 4% Monthly Vesting
Seed Round: 10.63%
4% at TGE, 6% Monthly Vesting
Post Seed Round: 2.5%
4% at TGE, 8% Monthly Vesting
Pre IDO Round: 2%
4% at TGE, 10% Monthly Vesting, 6% Final Month
IDO: 2.9%
25% at TGE, 25% Bi-Monthly Vesting
CEX and DEX Listings: 7.1%
Released at each CEX or DEX listing
Liquidity Requirements: 10%
30% at TGE, 7% Monthly Vesting
Marketing: 15%
1 Month Lockin, 2% Monthly Vesting
Development and Operations:15%
1 Month Lockin, 2% Monthly Vesting
Advisory Reserve 1:1%
1 Month Lockin, 10% Monthly Vesting
Advisory Reserve 2:7.5%
1 Month Lockin, 5% Monthly Vesting
Team Reserve:10%
6 Month Lockin, 5% Monthly Vesting
Foundation Reserve:15%
6 Month Lockin, 5% Monthly Vesting
Website：https://cryptoxpress.com/
White Paper： https://cryptoxpress.com/whitepaper.pdf
Token Information：TBD
XPRESS Startup Sale Rules
(1) Duration: 04:00 AM - 12:00 PM(UTC), November 15th 2021 (Orders placed by qualified users within these 8 hours will be treated equally.)
(2) To participate in Startup Sale, users will need to be VIP1 and above.
(3) Price: 1.4 USDT/XPRESS. Startup Supply : 35,715 RAZE
(4) 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 subscription 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
(5) Unlocking Rule: 25% at TGE, 25% Bi-Monthly Vesting
(5) Users place orders using USDT.
(6) Users can place orders from 4:00 AM - 12:00 PM(UTC), November 15th 2021. Orders placed by qualified users within these 8 hours will be treated equally.
(7) 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.
(8) Each type of currency can only purchase once with each KYC account.
(9) After 12:00 PM(UTC), 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.
(10) Trading starts time: November 16th 04:00 AM(UTC)
Gate.io Labs Investment Participating Disclosure
Gate.io Labs invested in Raze Network
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.io.
(3) Requirements for participants
- The participant should register on Gate.io 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 XPRESS, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from the liquidity pool transaction fee and GT token rewards from the liquidity reward pool. High annual rate rewards with security.
AMM Trading Market and AMM Liquidity Mining
Gate.io has launched a new version of the liquidity pool (centralized automated 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.io 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:
1) Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
2) 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.
3) 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.
4) 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.
5) Liquidity providers can take bonus and withdraw at any time
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Gate.io Team
November 15th, 2021