In order to reward platform users, Gate.io launched the “Startup Project Free Airdrop Program”. Free airdrops for excellent blockchain projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens via airdrop benefits.
Gate.io Startup will launch its next project, Vader Protocol (VADER), on December 28th, 2021 at 02:00 AM (UTC).
Startup Link: https://www.gate.io/en/startup
VADER is the variable counterpart to the stable asset USDV. By modulating supply, VADER’s demand increases as the demand for stable coins increases. Slip-based fees and ILP offered by VADER Protocol make it the best AMM for LPs – spurring demand for USDV. Owning over renting liquidity via Protocol-Owned Liquidity (“POL”) is especially useful for an AMM such as VADER in providing perpetual liquidity.
- Token name: VADER
- Token symbol: VADER
- Max Supply: 25,000,000,000 VADER
- Token Type: ERC20
- Token Contract: 0x2602278ee1882889b946eb11dc0e810075650983
- Token Distribution and Unlocking Rules:
- Fair launch distribution: 30%, 50% immediate, 50% linear vesting over 1 year
- Liquidity Incentives: 50%, Weekly release via Bond Sales Program
- Partnerships: 10%, Ecosystem growth
- Team: 10%, 2 years linear vesting
- Website: https://www.vaderprotocol.io
- Whitepaper: https://github.com/vetherasset/vaderprotocol-whitepaper
- Token Information: https://etherscan.io/token/0x2602278ee1882889b946eb11dc0e810075650983
Vader Protocol Startup Sale Rules
- Duration: 02:00 AM on December 28th – 02:00 AM (UTC) on December 29th, 2021 (Orders placed by qualified users within these 24 hours will be treated equally).
- To participate in the Startup Sale, users will need to be VIP1 and above.
- Price: $0; Market Price(Reference): $0.054911; Startup Supply: 1,985,900 VADER
- 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
- Unlocking Rule: Unlock
- Users place orders using USDT.
- Users can place orders from 02:00 AM on December 28th – 02:00 AM (UTC) on December 29th, 2021. Orders placed by qualified users within these 24 hours will be treated equally.
- Users need to ensure that there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders until they announce the sale result. An insufficient balance will result in the cancellation of the purchase order.
- Each type of currency can only be purchased once with each KYC account.
- After 02:00 AM(UTC), December 29th, they 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.
- Trading starts time: 04:00 AM (UTC), December 29th, 2021.
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