Gate.io Startup Free Offering: CryptoCars(CCAR) and Announcement of Free Distrib

About Gate.io Startup Free Airdrop Program In order to reward platformusers, Gate.io launched the "Startup Project Free Airdrop Program",and free airdrops for blockchain excellent projects are launched in the Startuparea from time to time. VIP and GT users can get a variety of tokens airdropbenefits.

This CryptoCars(CCAR) Startup subscription is a freesubscription, and will not deduct the users' participation funds in the end ofevent.

Startup Link: https://www.gate.tv/startup

Introduction to CryptoCars(CCAR)

CryptoCars is First P2E Game Project about cars.

CryptoCars is inspired by:

Movie Cars - A 2006 American computer-animated sports comedy film produced by Pixar Animation Studios and released by Walt Disney Pictures.The NFT Blockchain Technology helps to prove your ownership of digital assets.

We know that many of us, especially man players, loverole-playing games and intensive racing matches with other players. We do too,this is why we create the CryptoCars Blockchain-based game to make your carsmore unique and special from others. Going along with that is the diverseracing mode for you to enjoy every moment with CryptoCars from Virtual Race,Players vs. Computers, Players vs. Players, Tournaments.

(The information below is provided by theCryptoCars(CCAR) team. Please follow CryptoCars(CCAR) for more information）

Token Information

Token name:CryptoCars

Token symbol: CCAR

Max Supply：100,000,000

Token Type: BEP20

Contract: 0x50332bdca94673f33401776365b66cc4e81ac81d

Token distribution ratio and unlocking rules:

Play to Earn: 47% Initial Wallet

Dex LP: 4% Lock 10 months, vesting 10%/month (1)

Platform Development: 8%

Marketing: 6% Lock 20 months, vesting 5%/month (2)

Airdrop: 1% Lock 10 months, vesting 10%/month (4)

Core team: 12% Lock 25 months, vesting 4%/month(5)

Advisors: 10% Locked 10 months

Public Sale: 8%

Pre Sale: 4%

Website:https://cryptocars.me/

WhitePaper ：https://whitepaper.cryptocars.me/

CryptoCars Startup Sale Rules

(1) Duration: 04:00am 16th Nov, 2021 - 10:00am 16thNov, 2021 (UTC)(Orders placed by qualified users within these 6 hours will betreated equally.)

(2) Trading starts time: 13:00pm 16th Nov, 2021 (UTC)

Trading pairs: CCAR/USDT

(3) Price: 0 USDT(Secondary Marketing Price:$0.668962)

(4)Startup Supply : 119,588 CCAR

(5) Users purchase using USDT.

(6) Unlock rule: 100% unlock.

(7) To participate in Startup Sale, users will need tobe VIP1 and above,can only purchase once with each KYC account.

(8) Purchase limit: The maximum subscription limit fora single user is 1000 shares; the relationship between the VIP level andthe maximum subscription allocation is:

the maximum number of subscriptions (not thefinal actual subion number) = the square of the VIP level multiplied by 10. Forexample:

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

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

(9) Users need to ensure that there is sufficientbalance (exceeding the purchase value) in accounts for the purchase afterplacing the orders until we announce the sale result. An insufficient balancewill result in the cancellation of the purchase order.

(10) We will collect all the qualified orders anddistribute the tokens according to the ratio of the individual purchase ordersto the purchase orders in total. The final result will be announced beforetrading starts.

Gate.io Labs Private Sale Participating Disclosure

Gate.io Labs has not participated in theCryptoCars(CCAR) investment.

Attention

(1) Countries not supported: Afghanistan, Albania,Belarus, Bosnia and Herzegovina, Burundi, Burma, Canada, China, DemocraticRepublic 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 makesure your participation in the token sale on Startup complies with local lawsand regulations.

(2) Risk Warning:

- The project team does not guarantee that token pricewill not be lower than its startup sale price. Please invest with caution, anddon't invest beyond your financial capacity.

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

- Advanced technical and financial knowledge isrequired to understand, and e valuate the inherent risks of crypto-assetinvestment.

- The market volatility is high, and the price of atoken might fluctuate drastically due to technical, regulatory, and marketingfactors.

- Users may not be able to withdraw all the purchasedtokens due to technical issues of the project or Gate.io.

(3) Requirements for participants

- The participant should register on Gate.io and Login;

- After logging in, complete user identityverification;

- Deposit a certain amount of cryptocurrencies in yourgate.io account;

- Sign the Purchase Agreement on Startup beforeplacing orders.

Gate will open an Automated Market Maker (AMM ) for CCAR, and launch anAMM "liquidity-mining" rewards. Users who provide market liquidity byinserting liqudity in will get rewards from liquidity pool transaction fee andGT token rewards from liquidity reward pool. High annual rate rewards withsecure.

AMM Trading Market and AMM Liquidity Mining

Gate.io has launched a new version of the liquidity pool (centralizedautomatic market maker (AMM) transaction service) on August 1st, 2021: allowingmost of the new currency and non-mainstream currency markets to obtain the sameliquidity advantage as Uniswap, and allows users to enjoy the low-cost andhigh-quality user experience of the centralized platform. Gate.io will continueto add different currencies, please pay close attention to follow-upannouncements.

The rules for markets to upgrade to the Automated Market Maker (AMM) modelare as follows:

1) Fixed 0.3% commission fee for both Taker and Maker (temporarilyconsistent 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 the transaction feerewards from the liquidity pool and the GT rewards that are invested in theliquidity bonus pool.

4) Liquidity providers provide liquidity to the market, but they need tobear in mind the risk of impermanent losses. For example, if the market pricedoubles, the impermanence loss is about 7%, and if the market price drops backto the original point, the impermanence loss disappears.

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

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Gate.io Team

Nov 15th, 2021