Gate.iohaslaunchedStartup,aplatformthataimstoprovideuserswithaccesstoinnovativeandadvancedprojects.Tradersnowhavemoreopportunitiestomakeaninitialinvestment.
Gate.ioStartupwilllaunchitsnextprojectwithXPRESSonNovember15th,2021at04:00AM(UTC).
StartupLink:https://www.gate.io/en/startup
IntroductiontoXPRESS
CryptoXpress(www.CryptoXpress.com)willdemocratizeandsimplifytraditionalfinancialservicesforanewgeneration.Startedbyagroupofexperiencedglobalblockchainexperts,thecompanyprovidesaneasy-to-usemobileapptoaccessarangeofcryptoandbankingdigitalservices.Abest-in-classuserexperiencetobuy/tradecrypto,accessNFTmarketplaces,conductpaymentsanddigitaltransfers,andotherexclusiveloyalty,retailandmemberbenefitswillbeoffered.
(TheinformationbelowisprovidedbytheXPRESSteam.Pleasefollowwebsiteformoreinformation）
TokenInformation
Tokenname:XPRESSToken
Tokensymbol:XPRESS
MaxSupply:10,000,000XPRESS
TokenType:BEP20
TokenContract:TBD
TokenDistribution:
AngelRound:1.37%
4%atTGE,4%MonthlyVesting
SeedRound:10.63%
4%atTGE,6%MonthlyVesting
PostSeedRound:2.5%
4%atTGE,8%MonthlyVesting
PreIDORound:2%
4%atTGE,10%MonthlyVesting,6%FinalMonth
IDO:2.9%
25%atTGE,25%Bi-MonthlyVesting
CEXandDEXListings:7.1%
ReleasedateachCEXorDEXlisting
LiquidityRequirements:10%
30%atTGE,7%MonthlyVesting
Marketing:15%
1MonthLockin,2%MonthlyVesting
DevelopmentandOperations:15%
1MonthLockin,2%MonthlyVesting
AdvisoryReserve1:1%
1MonthLockin,10%MonthlyVesting
AdvisoryReserve2:7.5%
1MonthLockin,5%MonthlyVesting
TeamReserve:10%
6MonthLockin,5%MonthlyVesting
FoundationReserve:15%
6MonthLockin,5%MonthlyVesting
Website：https://cryptoxpress.com/
WhitePaper：https://cryptoxpress.com/whitepaper.pdf
TokenInformation：TBD
XPRESSStartupSaleRules
(1)Duration:04:00AM-12:00PM(UTC),November15th2021(Ordersplacedbyqualifieduserswithinthese8hourswillbetreatedequally.)
(2)ToparticipateinStartupSale,userswillneedtobeVIP1andabove.
(3)Price:1.4USDT/XPRESS.StartupSupply:35,715RAZE
(4)Purchaselimit:Themaximumsubscriptionlimitforasingleuseris1000shares;therelationshipbetweentheVIPlevelandthemaximumsubscriptionallocationis:
themaximumnumberofsubscriptions(notthefinalactualsubscriptionnumber)=thesquareoftheVIPlevelmultipliedby10.Forexample:
VIP2userscansubscribeupto2*2*10=40shares
VIP3userscansubscribeupto3*3*10=90shares
(5)UnlockingRule:25%atTGE,25%Bi-MonthlyVesting
(5)UsersplaceordersusingUSDT.
(6)Userscanplaceordersfrom4:00AM-12:00PM(UTC),November15th2021.Ordersplacedbyqualifieduserswithinthese8hourswillbetreatedequally.
(7)Usersneedtoensurethatthereissufficientbalance(exceedingthepurchasevalue)inaccountsforthepurchaseafterplacingtheordersuntilweannouncethesaleresult.Aninsufficientbalancewillresultinthecancellationofthepurchaseorder.
(8)EachtypeofcurrencycanonlypurchaseoncewitheachKYCaccount.
(9)After12:00PM(UTC),wewillcollectallthequalifiedordersanddistributethetokensaccordingtotheratiooftheindividualpurchaseorderstothepurchaseordersintotal.
(10)Tradingstartstime:November16th04:00AM(UTC)
Gate.ioLabsInvestmentParticipatingDisclosure
Gate.ioLabsinvestedinRazeNetwork
Attention
(1)Countriesnotsupported:Afghanistan,Albania,Belarus,BosniaandHerzegovina,Burundi,Burma,Canada,China,DemocraticRepublicofCongo,Cuba,Ethiopia,Guinea-Bissau,Guinea,Iran,Iraq,Japan,Liberia,Lebanon,Libya,Macedonia,Malaysia,NewZealand,Serbia,SriLanka,Sudan,Somalia,Syria,Thailand,TrinidadandTobago,Tunisia,Uganda,Ukraine,UnitedStatesofAmerica,Venezuela,Yemen,Zimbabwe.
Forusersfromothercountries,pleasecheckandmakesureyourparticipationinthetokensaleonStartupcomplieswithlocallawsandregulations.
(2)RiskWarning:
-Theprojectteamdoesnotguaranteethattokenpricewillnotbelowerthanitsstartupsaleprice.Pleaseinvestwithcaution,anddon'tinvestbeyondyourfinancialcapacity.
-Thestart-upprojectisstillinitsinitialstage,factorsincludingtheoperationandunderlyingtechnologyoftheproject,andotherrelatedregulatoryactivitiesmightcontributetosignificantrisks.
-Advancedtechnicalandfinancialknowledgeisrequiredtounderstand,andevaluatetheinherentrisksofcrypto-assetinvestment.
-Themarketvolatilityishigh,andthepriceofatokenmightfluctuatedrasticallyduetotechnical,regulatory,andmarketingfactors.
-UsersmaynotbeabletowithdrawallthepurchasedtokensduetotechnicalissuesoftheprojectorGate.io.
(3)Requirementsforparticipants
-TheparticipantshouldregisteronGate.ioandLogin;
-Afterloggingin,completeuseridentityverification;
-Depositacertainamountofcryptocurrenciesinyourgate.ioaccount;
-SignthePurchaseAgreementonStartupbeforeplacingorders.
GatewillopenanAutomatedMarketMaker(AMM)forXPRESS,andlaunchanAMM"liquidity-mining"rewards.UserswhoprovidemarketliquiditybyinsertingliquidityinwillgetrewardsfromtheliquiditypooltransactionfeeandGTtokenrewardsfromtheliquidityrewardpool.Highannualraterewardswithsecurity.
AMMTradingMarketandAMMLiquidityMining
Gate.iohaslaunchedanewversionoftheliquiditypool(centralizedautomatedmarketmaker(AMM)transactionservice)onAugust1st,2021:allowingmostofthenewcurrencyandnon-mainstreamcurrencymarketstoobtainthesameliquidityadvantageasUniswap,andallowsuserstoenjoythelow-costandhigh-qualityuserexperienceofthecentralizedplatform.Gate.iowillcontinuetoadddifferentcurrencies,pleasepaycloseattentiontofollow-upannouncements.
TherulesformarketstoupgradetotheAutomatedMarketMaker(AMM)modelareasfollows:
1)Fixed0.3%commissionfeeforbothTakerandMaker(temporarilyconsistentwithUniswap,subjecttotheneedsofbothmarketparties)
2)Afixedpercentage(suchas50%)ofthetransactionfeewillautomaticallybechangedintoGTthroughtheopenmarketandputintotheAMMRewardPool.
3)Anyonecanbecomealiquidityprovider(LP)andgetthetransactionfeerewardsfromtheliquiditypoolandtheGTrewardsthatareinvestedintheliquiditybonuspool.
4)Liquidityprovidersprovideliquiditytothemarket,buttheyneedtobearinmindtheriskofimpermanentlosses.Forexample,ifthemarketpricedoubles,theimpermanencelossisabout7%,andifthemarketpricedropsbacktotheoriginalpoint,theimpermanencelossdisappears.
5)Liquidityproviderscantakebonusandwithdrawatanytime
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Gate.ioTeam
November15th,2021
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