THE:Gate.io Startup Initial Offering-DAO SHO Project- Blockasset (BLOCK)_LOC

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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