Gate.io Airdrop Program: NASDEX (NSDX) and Announcement of Distribution Rules (120,000 NSDX for Airdrop)
About Gate.io Airdrop Program In order to reward platform users, Gate.io launched the "Airdrop Program". Airdrops for excellent blockchain projects are launched on Gate.io from time to time. VIP and GT users can get a variety of tokens via airdrop benefits.
Gate.io will launch its next project, NASDEX (NSDX) , on September 28th, 2021 at 04:00 AM(UTC).
Airdrop Link: https://www.gate.io/startup
Please pay attention to the participation features of this NASDEX (NSDX) airdrop.
This NASDEX (NSDX) Airdrop is free. No user participation funds will be deducted at the end.
Introduction to NASDEX(NSDX)
NASDEX is a decentralized exchange that offers our users the ability to trade tokenized equities on blockchain via our minting and trading mechanism that mimics the offchain economics of the real world equity price.
(The information below is provided by the NASDEX(NSDX) team. Please follow website for more information）
Token name: NASDEX
Token symbol: NSDX
Max Supply: 100,000,000 NSDX
Token Type: ERC20
Token Contract: 0xE8d17b127BA8b9899a160D9a07b69bCa8E08bfc6
Token distribution and unlocking rules:
25% on TGE, 6 months cliff, linear for 10 months
25% on TGE, 6 months cliff, linear for 10 months
*Public Sale: 0.5%
25% on TGE, 25% every week for the next 3 weeks
*Liquidity Mining: 40%
*Multi-sig Treasury: 3.8%
*CeX & AMM Liquidity: 4.2%
*Marketing & Advisory: 8%
*Tech Development: 2%
*Core Team & Advisors: 20%
1 year cliff, 3 years linear monthly unlock
*Ops & Misc Cost: 6%
*Eco Fund: 9.2%
Token Information: https://polygonscan.com/address/0xe8d17b127ba8b9899a160d9a07b69bca8e08bfc6
NASDEX Airdrop Participate Rules
(1) Duration: 04:00 AM-10:00 AM(UTC), September 28th, 2021 (Orders placed by qualified users within these 6 hours will be treated equally.)
(2) To participate in the Startup Sale, users will need to be VIP1 and above.
(3) Price: $0/NSDX; Public Sale Price: $0.25; Startup Supply: 120,000 NSDX
(4) Purchase limit: The maximum subion limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subion allocation is:
the maximum number of subions (not the final actual subion number) = the square of the VIP level multiplied by 10. For example:
VIP2 users can subscribe up to 2 * 2 * 10 = 40 shares
VIP3 users can subscribe up to 3 * 3 * 10 = 90 shares
(5) Unlocking Rule: Unlock
(6) Users place orders using USDT.
(7) Users can place orders from 04:00 AM-10:00 AM(UTC), September 28th, 2021 . Orders placed by qualified users within these 6 hours will be treated equally.
(8) Users need to ensure that there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders until we announce the sale result. An insufficient balance will result in the cancellation of the purchase order.
(9) Each type of currency can only be purchased once with each KYC account.
(10) After 10:00AM, we will collect all the qualified orders and distribute the tokens according to the ratio of the individual purchase orders to the purchase orders in total.
(11) Trading starts time: 02:00 AM(UTC), 29th September, 2021
Gate.io Labs Investment Participating Disclosure
Gate.io Labs invested in NASDEX
(1) Disclaimer: NASDEX team does not receive money or take any monetary profits from this airdrop event.
(2) 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 the token sale on Startup complies with local laws and regulations.
(3) Risk Warning:
- The project team does not guarantee that the token price will not be lower than its startup sale price. Please invest with caution, and don'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, and other related regulatory activities might contribute to significant risks.
- Advanced technical and financial knowledge is required to understand, and uate the inherent risks of crypto-asset investment.
- The market volatility is high, and the price of a token might fluctuate drastically due to technical, regulatory, and marketing factors.
- Users may not be able to withdraw all the purchased tokens due to technical issues of the project or Gate.io.
(4) 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.io account;
- Sign the Purchase Agreement on Startup before placing orders.
Gate will open an Automated Market Maker (AMM ) for NSDX, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from the liquidity pool transaction fee and GT token rewards from the liquidity reward pool. High annual rate rewards with security.
AMM Trading Market and AMM Liquidity Mining
Gate.io has launched a new version of the liquidity pool (centralized automated market maker (AMM) transaction service) on August 1st, 2021: allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate.io will continue to add different currencies, please pay close attention to follow-up announcements.
The rules for markets 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 will automatically be changed into GT through the open market and put into the AMM Reward Pool.
3) Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.
4) Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.
5) Liquidity providers can take bonus and withdraw at any time
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Sep 25, 2021
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