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Gate.io Launches 4th Startup Project with MovieBloc

2019-05-01 22:32:18read:236682

Gate.io has launched Startup, a platform that aims to provide users with access to innovative and advanced projects. Traders now have more opportunities to make initial investment. Trading service will be enabled once the startup project fulfills its fund raising goal. Gate.io Startup will launch its third project with MovieBloc.

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

1.Introduction to MovieBloc

MovieBloc is a blockchain based film distribution platform. The Creators will get a transparent revenue share, audience data, and equal screening opportunity; the viewers will access various films & contents and get rewarded for providing curation, foreign subtitle, and marketing material to the MovieBloc eco.

Click here to check out more: https://www.gateio.co/startup/5

1.MOVIEBLOC Project Overview (for more detailed information, please visit MOVIEBLOC official website)
(1) Token Symbol: MBL
(2) Total Supply: 30 billion
(3) Initial Circ. Supply: 13%
(4) Private Sale Token Price: 1 MBL=0.001333 USDT
(5) Startup Goal: 2,880,000 USDT
(6) Startup Total Supply: 8%
(7) Price (USDT): 1 MBL=0.0012 USDT; Price (GT): To be confirmed
Please note that since GT is already listed on Gate.io and trading, the market price of GT will vary. Therefore, the Price of GT in related to the Startup projects will be calculated within 3 hours prior to the sale. The calculation rule is as following: A specific time stamp within 3 hours before the start of sale will be randomly chosen. Then, a 72 hours average value of GT-USDT on Gate.io before the chosen time stamp would be calculated and referenced as the Startup Price.

(8)Token Lock-up and Release:
•Startup (8%): No lock-up
•Private Sale (3%): 3 months lockup and 12 months vesting
•ONT Foundation (10%): 3 months lockup and 12 months vesting
•MBL Foundation (10%): 6 months lockup and 24 months vesting
•MBL Airdrop (11%): No lock up and only 2% released initially. Please refer to official airdrop event on the community accordingly
•MBL Team (15%):12 months lockup and 24 months vesting
•MBL Eco (43%): 3% will be released initially for developing the eco, and the rest 40% will have 6 months lock up and 24 months vesting

2.MOVIEBLOC (MBL) Startup Sale Rules
(1) Start Time: May 3, UTC 4:00 - 6:00
(2) Purchase limit: To be confirmed. The purchase limit will be set based on the Startup price in GT. Please see Gate.io Announcement for further information.
(3) Users can place orders from UTC 4:00 to UTC 6:00. Order placed by qualified users within these 2 hours will be treated equally.
(4) Users need to ensure there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders. An insufficient balance will result in the cancellation of the purchase order.
(5) Users can place orders using GT.
(6) Each type of currency can only purchase once with each KYC account.
(7) After UTC 6:00, we will collect all the qualified orders and distribute the tokens according to the individual purchased orders: total purchased orders ratio. The final result will be announced at UTC 8:00 each day.
The distribution calculation rules are as follow:

F (distribution ratio) = Daily MBL supply limit ÷ Total MBL supply limit
P (actual individual purchased MBL) = F × qualified individual orders
M (actual payment amount) = Startup Sale Price × P

E.g. MBL daily supply limit is 100 million. The ordered MBL is 200 million. User X has placed an order to purchase 100 thousand MBL.

Thus:
F (distribution ratio) = 100,000,000 ÷ 200,000,000 =0.5
P (actual individual purchased MBL) = 0.5 × 100,000 = 50,000
M (actual payment amount in GT) = 50,000 × Startup Price in GT.

If the project cannot fulfill its fund-raising goal within the given time, users will get refunded and the project will be delisted.

3. Attention:
(1) 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 token sale on Startup complies with local laws and regulations.

(2) Risk Warning:
- 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 significant risks.
- Advanced technical and financial knowledge is required to understand and uate the inherent risks of crypto-asset investment.
- The volatility of market is high, and the price of token might fluctuate drastically due to technical, regulatory and marketing factors etc.
- Users may not be able to withdraw all the purchased tokens due to technical issues of the project or Gate.io.

(3) Requirements for participants
- Participant should register on Gate.io and Log in;
- After logging in, complete user identity verification;
- Deposit a certain amount of cryptocurrencies in gate.io account;
- Sign the Purchase Agreement on Startup before placing orders.

Gate.io is a trading platform that does not charge listing fee, only launches quality projects, and provides users with a 100% guarantee and instant deposit-withdrawal services.
Get 30% trading fee in the affiliate program at https://www.gate.io/myaccount/myreferrals

Gate.io New Features:
Spot Trading on Gate.io (200+ tokens):https://www.gate.io/trade/BTC_USDT
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Gate.io
May 1, 2019