Gate.io Launches Startup Project with Ally – walletio

E.g. Bob is a VIP 1 and he has a minimum GT holdings of 2,000 GT. Thus, Bob has met the requirements of holding GT (Tier 1) and being a VIP user. He can place 10 orders in the Startup Discount Offer token sale.

(5) Users can place orders using GT.
(6) Users can place orders from UTC 4:00 to UTC 6:00. Order placed by qualified users within these 2 hours will be treated equally.
(7) Users need to ensure there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders. 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 UTC 6:00, we will collect all the qualified orders and distribute the tokens according to the individual purchased orders: total purchased orders ratio. The final result will be announced at UTC 8:00 each day.
The distribution calculation rules are as follow:
The distribution calculation rules are as follow:

F (distribution ratio) = Daily ALY supply limit ÷ Total ALY supply limit
P (actual individual purchased ALY) = F × qualified individual orders
M (actual payment amount) = Startup Sale Price × P

E.g. ALY daily supply limit is 100 million. The ordered ALY is 200 million. User X has placed an order to purchase 100 thousand ALY.

Thus:
F (distribution ratio) = 100,000,000 ÷ 200,000,000 =0.5
P (actual individual purchased ALY) = 0.5 × 100,000 = 50,000
M (actual payment amount in GT) = 50,000 × Startup Price in GT

If the project cannot fulfill its fund-raising goal within the given time, users will get refunded and the project will be delisted.

Once the Startup project fulfil its fund raising goal, Gate.io will enable trading service of the project. To decrease volatility during the initial trading stage, we will apply the Call Auction Mechanism. The rules are as follows:

(1) During the call auction, traders can place order freely, but the orders will not be active immediately. The real-time reference trading price will be presented and calculated based on the Call-order price from the largest amount of trades created. During this period, the order book and the candlestick chart will also show the information about the related price range and the market movement based on the real-time reference.

(2) During the first stage of call auction, traders are allowed to place orders and cancel orders freely.

(3) To avoid market manipulation, during the second stage of call auction, orders can be placed freely by the traders, but orders cancellation are prohibited.

(4) When the call auction is finished, users will not be able to place or cancel any orders. The will collect all the data and match the orders. Buy orders with prices higher than the reference price and sell orders with prices lower than the reference price will be matched and e xecuted (a portion of the orders with a higher routed price may not be matched). The remaining orders will go to the order book of the next trading stage automatically.

(5) After the call auction data collection, the s ystem will enable trading activities.

For more detail of the new Gate.io Startup Sale Participation Rules and Startup Project Exchange Listing Rules, please see our previous announcement.

4. 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 token sale on Startup complies with local laws and regulations.

(2) Risk Warning:
– 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 significant risks.
– Advanced technical and financial knowledge is required to understand and e valuate the inherent risks of crypto-asset investment.
– The volatility of market is high, and the price of token might fluctuate drastically due to technical, regulatory and marketing factors etc.
– 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
– Participant should register on Gate.io and Log in;
– After logging in, complete user identity verification;
– Deposit a certain amount of cryptocurrencies in gate.io account;
– Sign the Purchase Agreement on Startup before placing orders.

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