Gate.io Startup Free Offering: Libre DeFi (LIBRE) and Announcement of Free Distr

About Gate.io Startup Free Airdrop Program: In order to rewardplatform users, Gate.io launched the "Startup Project Free AirdropProgram." Free airdrops for excellent blockchain projects are launched inthe Startup area from time to time. VIP and GT users can get a variety oftokens via airdrop benefits.

Gate.ioStartup will launch its next project, Libre DeFi (LIBRE) , on November18th, 2021 02:00 AM(UTC).

Startup Link: https://www.gate.io/en/startup

Introduction to LibreDeFi (LIBRE)

The ethos of the LIBRE project is to create a "one stopshop" for all things DeFi. We believe that DeFi is still a very untappedmarket with room to grow. The problems that the industry face is that thebarrier of entry for new users can often be overwhelming and cumbersome. Ourgoal is to create an environment where Crypto savvy veterans and new users canutilize all of the benefits that DeFi has to offer.

As thenetwork grows, we will continue to add capabilities to LIBRE until we reach thefull range of features of decentralized financial services while being fullycompliant, safe and easy to use.

(Theinformation below is provided by the Libre DeFi team. Please follow website formore information）

Token Information

Token name: Libre

Token symbol: LIBRE

Max Supply: 100,000,000 LIBRE

Token Type: BEP-20

Token Contract: 0x63db060697b01c6f4a26561b1494685DcbBd998c

TokenDistribution and Unlocking Rules:

Seed/Private: 19.31%

25% TGE, quarterlyfor 12 months

Public: 2%

30% TGE, quarterlyfor 6 months

Advisors: 10%

3 month cliff,monthly for 12 months

Foundation: 20%

6 month cliff,monthly for 18 months

Reserve: 15.8%

12 month cliff,monthly for 12 months

Partnerships: 2.5%

3 month cliff,monthly for 12 months

Liquidity Mining: 25%

Linear as per rewardsdistribution

Liquidity: 5%

25% at TGE， then monthly for 2 months

Airdrop:0.39%

Unlocked

Website: https://app.libredefi.io/

Whitepaper: https://docs.libredefi.io/

Token Information: https://bscscan.com/token/0x63db060697b01c6f4a26561b1494685DcbBd998c

Libre DeFi Startup Sale Rules

(1) Duration: 02:00 AM-10:00 AM on November18th (UTC), 2021 (Orders placed by qualified users within these 8hours will be treated equally.)

(2) To participate in the Startup Sale, users will need to be VIP1and above.

(3) Price: $0; Market Price (Reference): $0.18;Startup Supply: 384,616 LIBRE

(4) Purchase limit: The maximum subscription limit for a single useris 1000 shares; the relationship between the VIP level and the maximumsubscription allocation is:

the maximum number ofsubscriptions (not the final actual subscription number) = the square of theVIP level multiplied by 10. For example:

VIP2 users can subscribe up to2 * 2 * 10 = 40 shares

VIP3 users can subscribe up to3 * 3 * 10 = 90 shares

(5) UnlockingRule: Unlock

(6) Users place orders using USDT.

(7) Users can place orders from 02:00 AM-10:00 AM on November18th (UTC), 2021. Orders placed by qualified users within these 8 hourswill be treated equally.

(8) Users need to ensure that there is sufficient balance (exceedingthe purchase value) in accounts for the purchase after placing the orders untilwe announce the sale result. An insufficient balance will result in thecancellation of the purchase order.

(9) Each type of currency can only be purchased once with eachKYC account.

(10) After 10:00 AM on November 18th (UTC), we will collect all thequalified orders and distribute the tokens according to the ratio of theindividual purchase orders to the purchase orders in total.

(11) Trading starts time: 12:00 PM on November 18th (UTC), 2021

Gate.io Labs InvestmentParticipating Disclosure

Gate.io Labs investedin Libre DeFi

Attention

(1) Countries not supported: Afghanistan, Albania, Belarus, Bosniaand 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 Statesof America, Venezuela, Yemen, Zimbabwe.

For users from other countries, please check and make sure that yourparticipation in the token sale on Startup complies with local laws and regulations.

(2) Risk Warning:

- The project team does not guarantee that the token price will notbe lower than its startup sale price. Please invest with caution, and don'tinvest beyond your financial capacity.

- The start-up project is still in its initial stage, factorsincluding the operation and underlying technology of the project, and otherrelated regulatory activities might contribute to significant risks.

- Advanced technical and financial knowledge is required tounderstand, and evaluate the inherent risks of crypto-asset investment.

- The market volatility is high, and the price of a token mightfluctuate drastically due to technical, regulatory, and marketing factors.

- Users may not be able to withdraw all the purchased tokens due totechnical 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.ioaccount;

- Sign the Purchase Agreement on Startup before placing orders.

Gate willopen an Automated Market Maker (AMM ) for LIBRE, and launch an AMM"liquidity-mining" rewards. Users who provide market liquidity byinserting liquidity in will get rewards from the liquidity pool transaction feeand GT token rewards from the liquidity reward pool. High annual rate rewardswith security.

AMM TradingMarket and AMM Liquidity Mining

Gate.io haslaunched a new version of the liquidity pool (centralized automated marketmaker (AMM) transaction service) on August 1st, 2021 by allowing most of thenew currency and non-mainstream currency markets to obtain the same liquidityadvantage as Uniswap, and allows users to enjoy the low-cost and high-qualityuser experience of the centralized platform. Gate.io will continue to adddifferent currencies, please pay close attention to follow-up announcements.

The rules formarkets 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 willautomatically be changed into GT through the open market and put into the AMMReward Pool.

3) Anyone can become a liquidity provider (LP) and get thetransaction fee rewards from the liquidity pool and the GT rewards that areinvested in the liquidity bonus pool.

4) Liquidity providers provide liquidity to the market, but theyneed to bear in mind the risk of impermanent losses. For example, if the marketprice doubles, the impermanence loss is about 7%, and if the market price dropsback to the original point, the impermanence loss disappears.

5) Liquidity providers can take the bonus and withdraw at any time

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Gate.io Team

November 15th, 2021