Gate.iohaslaunchedStartup,aplatformthataimstoprovideuserswithaccesstoinnovativeandadvancedprojects.Tradersnowhavemoreopportunitiestomakeaninitialinvestment.
Gate.ioStartupwilllaunchanotherDAOSHO-Blockasset(BLOCK)SaleonDec8,2021at10:00AMUTC.
StartupLink:https://www.gate.tv/startup/338
ProjectIntroduction
Blockassetleveragesstrategicrelationshipswithathletes,sportsagencies,andsportsclubsandconnectsthemwithfansonaone-stopathleteNFTplatform.
Theplatformwillhavefourcorecomponents:AblockchainNFT(non-fungible-token)marketplace-thisisthecentralhuboftheBlockassetecosystem,acustom/whitelabelathleteNFTmarketplacefacilityformajorsportsbrandsandorganisations,acommunityrewardsandstakingsystembuildintotheplatform,andanNFTgamingsuite.TogetherthecomponentscreatetheintertwinedBlockassetecosystemwherefansandathleteshavemultipletouchpointswhichsupportvirtualandreal-worldengagement.
TheecosystemhasanativeutilitytokencalledBLOCKtoken,whichhasvariousfunctionsincludinggovernance,NFTdiscounts,priorityaccess,athletecontentgovernance,stakingandNFTfarming.
TokenDistribution
Seed2.13%
PrivateRoundI8.98%
PrivateRoundII2.50%
Public1.34%
Liquidity12.50%
Ecosystem25.00%
Team12.55%
Partners,Advisors,&Consultants10.00%
Foundation25.00%
Pricesofsalesrounds
SeedPrice:0.047
Lockup:SEED20%every3monthsfrommonth13
PrivateIPrice:0.078
Lockup:PRIVATEI20%TGE,10%every3monthsfrommonth4
PrivateIIPrice:0.125
Lockup:PRIVATEII20.06%TGE,11.42%every3monthsfrommonth4
PublicPrice:0.078
Lockup:PUBLIC20%TGE,10%every3monthsfrommonth4
Website:https://blockasset.co
ImportantNoticeaboutGate.ioStartupSaleforBlockasset(BLOCK)
1.Startupsupply:641,025.64BLOCK;Price:$0.078
Vesting:20%TGE,10%every3monthsfrommonth4
2.Paymentcurrency:USDG,Lockupcurrency:DAO
3.Eligibleparticipants:agreetolockupDAOforaperiodof10days.Individualcapis20KDAO.
4.Tokendistribution:participantsgetaproportionalamountofBLOCKtokenstotheirshareofDAOtokenslockeduponGate.io.
5.TheBLOCKtokenswillnotbereleaseduntiltheTokenGenerationEvent.TokenswillbedistributedtoeligibleparticipantsbasedonthevestingscheduleofthetokenafterGate.iohasreceivedtokensfromtheprojectteam.InthecasetheprojectteamfailstodelivertokenstoGate.iointhefuture,Gate.iomayrefundusersforanyportionoftokenstheycouldn’treceive.
6.ThestartupsaleisdesignedforBlockasset’DAOMakerSHOportion.
7.Thecryptocurrencymarketishighlyvolatile.TheprojectteamdoesnotguaranteethatthetokenpricewillnotbelowerthanSHOprice.Pleaseinvestwithcaution,anddon'tinvestbeyondyourfinancialcapacity.
RulesofBlockasset’sDAOSHOPortionSaleonGate.io’sStartup
(1)OrderDuration:Dec8,10:00:00AM-Dec91st,2:00AMUTC
(2)ToparticipateinStartupSale,usersshouldagreetolockupDAOforaperiodof10days.
(3)Thepriceis$0.078
(4)UserscanplaceordersbyagreeingtolockingupDAOfor10days
(5)UserscanplaceordersfromDec8,10:00:00AM–Dec9,2:00AMUTC.Ordersplacedbyqualifieduserswithinthesehourswillbetreatedequally.
(6)UsersneedtoensurethatthereissufficientbalanceofDAO(thefullamountyouagreetolockupfor10days)andUSDG(amounttopayfornewtokensactuallyreceived)inaccountsafterplacingtheorders.AninsufficientDAOorUSDGbalancewillresultinthecancellationofthepurchaseorder.
(7)EachindividualcanonlypurchaseoncewithanaccountpassingKYC.
(8)AfterDecember9,2:00AMUTC,wewillcollectallthequalifiedordersandcalculatetheresultandannouncetheresultin2hours.USDGtopayforparticipant’sBLOCKtokenpurchasewillbedeductedfromtheparticipant’saccountandtheamountofDAOtheparticipantagreestolockupwhenplacingorderswillbelockedfor10days.ParticipantswillreceiveaproportionalamountofBLOCKtokenstotheirshareofDAOtokenslockeduponGate.ioaccordingtothetokenreleaseschedule.
Example(withhypotheticaldataandconditions):
IfthetotalDAOlockedbyallstartupsaleparticipantsis20,000DAO.ThetotalsupplyofnewtokensofferedonGate.iostartupsaleis1,000,000newtokens.Tokenpriceis0.1USDGpertoken.ParticipantsarerequiredtolockDAOforaperiodof15days.
IfUserAagreedtolock500DAO(byplacingorder)foraperiodof15days.Then,UserA’sshareofthenewtokens(alsohisshareofDAOlocked):500/20,000=2.5%
UsersAwillreceivenewtokens:2.5%X1,000,000=25,000newtokens.
UserA’sUSDGpayment:theactualnewtokenuserAwillreceiveXtokenprice:25,000X0.1=2500USDG
Afterthesale,userA’s500DAOwillbelockedfor15days.
AndUSDGforpurchaseofthenewtokenswillbedeductedfromUserA’sspotaccountbalance.
Attention
(1)Countriesnotsupported:Afghanistan,Albania,Belarus,BosniaandHerzegovina,Burundi,Burma,Canada,China(Taiwan),DemocraticRepublicofCongo,Cuba,Ethiopia,Guinea-Bissau,Guinea,Iran,Iraq,Japan,Liberia,Lebanon,Libya,Macedonia,Malaysia,NewZealand,Serbia,SriLanka,Sudan,Somalia,Syria,Thailand,TrinidadandTobago,Tunisia,Uganda,Ukraine,UnitedStatesofAmerica,Venezuela,Yemen,Zimbabwe.
Forusersfromothercountries,pleasecheckandmakesureyourparticipationinthetokensaleonStartupcomplieswithlocallawsandregulations.
(2)RiskWarning:
-Thestart-upprojectisstillinitsinitialstage,factorsincludingtheoperationandunderlyingtechnologyoftheproject,andotherrelatedregulatoryactivitiesmightcontributetosignificantrisks.
-Advancedtechnicalandfinancialknowledgeisrequiredtounderstand,anduatetheinherentrisksofcrypto-assetinvestment.
-Themarketvolatilityishigh,andthepriceofatokenmightfluctuatedrasticallyduetotechnical,regulatory,andmarketingfactors.
-UsersmaynotbeabletowithdrawallthepurchasedtokensduetotechnicalissuesoftheprojectorGate.io.
(3)Requirementsforparticipants
-TheparticipantshouldregisteronGate.ioandLogin;
-Afterloggingin,completeuseridentityverification;
-Depositacertainamountofcryptocurrenciesinyourgate.ioaccount;
-SignthePurchaseAgreementonStartupbeforeplacingorders.
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