Gateio2021-11-26 17:49:09
Gate.io has launched Startup, a platformthat aims to provide users with access to innovative and advanced projects. Tradersnow have more opportunities to make an initial investment.
Gate.io Startup will launch another DAO SHOproject-Bitlocus ( BTL) Sale on Dec 1, 2021 at 10:00 AM UTC.
Startup Link: https://www.gate.io/en/startup/
Project Introduction
Bitlocus "Fiat-DeFi InvestmentsManagement Platform" is a complete investing ecosystem that allows endusers to invest their fiat assets into DeFi space easily without actually directlyinteracting with crypto.
The platform will be built on existingcentralized exchange (Bitlocus CEX, established in 2018), which is fully AMLand KYC-compliant and has a few fiat deposit/withdrawal options. Bitlocus is inpartnership with Payrico, a crypto-friendly banking service (EMI, ElectronicMoney Institution; licenced in Lithuania, EU) as well as Ginger Fund(crypto-oriented hedge fund and liquidity provider).
End users are provided with Tier 1investment options from trusted DeFi projects that will be categorized based ontheir risk level. There will also be a guarantee fund option for DeFi investmentsmade via Bitlocus platform.
Token Information
Ticker:BTL
Total Supply: 500,000,000 BTL
Initial circulation: 47,775,000 BTL
Blockchain Network: Terra
Bitlocus has minted 500.000.000 BTL tokenson Terra Blockchain as CW20 tokens and also bridged them cross-chain to make itavailable as ERC20 and BEP20 tokens as well.
Token Contract (BSC):0x51e7b598c9155b9dccb04eb42519f6eec9c841e9
Token Distribution:
Private Sales: 30%
Public Sales: 3%
Marketing: 15%
Liquidity 30%
Team: 10%
Advisors: 3%
Development: 3%
Reserve: 5%
Legal: 1%
Price & Lockup for Sale Rounds
Private Sale Price: $0.018
Vesting: 14% on TGE , 3-month’s cliff and then unlocklinearly over 21months
Public sales Price:$0.02
Vesting: 20% on TGE, 20% quarterly
Website: https://btl.bitlocus.com/
Important Notice about Gate.io Startup Salefor Bitlocus (BTL)
1.Startup supply: 2,500,000 BTL;Price:$0.02
Vesting: 20% at TGE, then 20% quarterly
2.Payment currency: USDG, Lockup currency:DAO
3.Eligible participants: agree to lock upDAO for a period of 10 days. Individual cap is 20K DAO.
4.Token distribution: participants get aproportional amount of BTL tokens to their share of DAO tokens locked up onGate.io.
5.The BTL tokens will not be released until the Token Generation Event. Userswon’t get any token immediately after the Gate.io startup sale.
6.The startup sale is designed for Bitlocus’DAO Maker SHO portion.
7.The cryptocurrency market is highlyvolatile. The project team does not guarantee that the token price will not belower than SHO price. Please invest with caution, and don't invest beyond yourfinancial capacity.
Rules of Bitlocus (BTL)’s DAO SHO Portion Saleon Gate.io’s Startup
(1) Order Duration: December 1st, 10:00:00AM-December 2nd, 2:00 AM UTC
(2) To participate in Startup Sale, usersshould agree to lock up DAO for a period of 10 days.
(3) The price is $0.02
(4) Users can place orders by agreeing tolocking up DAO for 10 days
(5) Users can place orders from December1sth, 10:00:00 AM – December 2nd, 2:00 AM UTC. Orders placed by qualified userswithin these hours will be treated equally.
(6) Users need to ensure that there issufficient balance of DAO (the full amount you agree to lockup for 10 days) andUSDG (amount to pay for new tokens actually received) in accounts after placingthe orders. An insufficient DAO or USDG balance will result in the cancellationof the purchase order.
(7) Each individual can only purchase oncewith an account passing KYC.
(8) After December 2nd, 2:00 AM UTC, wewill collect all the qualified orders and calculate the result and announce theresult in 2 hours. USDG to pay for participant’s BTL token purchase will bededucted from the participant’s account and the amount of DAO the participantagrees to lockup when placing orders will be locked for 10 days. Participantswill receive a proportional amount of BTL tokens to their share of DAO tokenslocked up on Gate.io according to the token release schedule.
Example(with hypothetical data andconditions ):
If the total DAO locked by all startup saleparticipants is 20,000 DAO. The total supply of new tokens offered on Gate.iostartup sale is 1,000,000 new tokens. Token price is 0. 1 USDG per token.Participants are required to lock DAO for a period of 15 days.
If User A agreed to lock 500 DAO (byplacing order) for a period of 15 days. Then,
User A’s share of the new tokens (also hisshare of DAO locked): 500/20,000=2.5%
Users A will receive new tokens: 2.5%X1,000,000=25,000 new tokens.
User A’s USDG payment: the actual new tokenuser A will receive X token price: 25,000X0. 1=2500 USDG
After the sale, user A’s 500 DAO will belocked for 15 days.
And USDG for purchase of the new tokenswill be deducted from User A’s spot account balance.
Attention:
(1)Countries not supported: Afghanistan,Albania, Belarus, Bosnia and Herzegovina, Burundi, Burma, Canada, China(Taiwan), 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, pleasecheck and make sure your participation in the token sale on Startup complies withlocal laws and regulations.
(2) Risk Warning:
- The start-up project is still in itsinitial stage, factors including the operation and underlying technology of theproject, and other related regulatory activities might contribute tosignificant risks.
- Advanced technical and financialknowledge is required to understand, and uate the inherent risks ofcrypto-asset investment.
- The market volatility is high, and theprice of a token might fluctuate drastically due to technical, regulatory, andmarketing factors.
- Users may not be able to withdraw all thepurchased tokens due to technical issues of the project or Gate.io.
(3) Requirements for participants
- The participant should register onGate.io and Log in;
- After logging in, complete user identityverification;
- Deposit a certain amount of cryptocurrenciesin your gate.io account;
- Sign the Purchase Agreement on Startupbefore placing orders.
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