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Gate.io Startup Initial Offering-DAO SHO Project- Gamestarter (GAME)

2021-08-03 07:08:53Read:109911

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 an initial investment.

Gate.io Startup will launch another DAO SHO project- Gamestarter (GAME) sale on the August 6th , 2021 at 10:00 AM UTC.

Startup Link: https://www.gate.io/en/startup/150


Project Introduction
Gamestarters is a blockchain-based crowdfunding platform that helps indie game developers to fundraise by pre-selling unique in-game assets in the form of NFTs. Additionally, Gamestarter provides a marketplace to trade digital assets from successfully launched games. Gamestarter's platform economy will run on GAME Coin ('GAME'), which will power all transactions on the platform as well as referral bonuses and reward programs.

Token Information
Ticker: GAME
Token Supply: 100,000,000
Initial Token Circulation: 11,575,000
Blockchain Network: Ethereum

Token Distribution:
Development: 7.5%
Advisors: 6%
Team: 15%
Adoption incentives:27.25%
Seed: 25%
Seed-Public 4.25%
Liquidity 15%

Seed Sale: Price: $0.08
Private Round :Price: $0.08
Lock-up: 20% unlocked at the TGE, then 16% on a quarterly basis

Token Economy
All funding and asset trading activity on the marketplace will be powered by Gamestarter's coin "GAME".
GAME token holders will benefit from:
- Trading fee discounts on the NFT marketplace if the native token is used for fees.
- VIP access to the hottest in-game NFT assets. The best (oversubscribed) game items will be issued via allocation lotteries to GAME holders.
GAME tokens will also be used as an engagement incentive to the community.

Website: https://www.gamestarter.co/


Important Notice about Gate.io Startup Sale for Gamestarter (GAME) :
1.Startup supply: 625,000 GAME, Vesting: 20% unlocked at the TGE, then 16% on a quarterly basis; Price:$0.08
2.Payment currency: USDG, Lockup currency: DAO
3.Eligible participants: agree to lock up DAO for a period of 15 days. Individual cap is 20K DAO.
4.Token distribution: participants get a proportional amount of GAME tokens to their share of DAO tokens locked up on Gate.io.
5.The GAME tokens will not be released until the Token Generation Event. Users won’t get any GAME token immediately after the Gate.io startup sale.
6.The startup sale is designed for Gamestarter ’s DAO Maker SHO portion.
7.The cryptocurrency market is highly volatile. The project team does not guarantee that token price will not be lower than SHO price. Please invest with caution, and don't invest beyond your financial capacity.


Rules of Gamestarter (GAME) ’s DAO SHO Portion Sale on Gate.io’s Startup:
(1) Order Duration: August 6th 10:00:00 AM-August 7th 2:00 AM UTC
(2) To participate in Startup Sale, users should agree to lock up DAO for a period of 15 days.
(3) The price is $0.08
(4) Users can place orders by agreeing to locking up DAO for 15 days
(5) Users can place orders from August 6th 10:00:00 AM – August 7th 2:00 AM UTC. Orders placed by qualified users within these hours will be treated equally.
(6) Users need to ensure that there is sufficient balance of DAO (the full amount you agree to lockup for 15 days) and USDG (amount to pay for DERC token actually received) in accounts after placing the orders. An insufficient DAO or USDG balance will result in the cancellation of the purchase order.
(7) Each individual can only purchase once with an account passing KYC.
(8) After August 7th, 2:00 AM UTC, we will collect all the qualified orders and calculate the result and announce the result in 2 hours. USDG to pay for Participant’s GAME token purchase will be deducted from the participant’s account and the amount of DAO the participant agrees to lockup when placing orders will be locked for 15 days. Participants will receive a proportional amount of GAME tokens to their share of DAO tokens locked up on Gate.io according to the token release schedule.

Example:
If the total DAO locked by all startup sale participants is 20,000 DAO. The total supply of new tokens offered on Gate.io startup 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 (by placing order) for a period of 15 days. Then,

User A’s share of the new tokens (also his share of DAO locked): 500/20,000=2.5%
Users A will receive new tokens: 2.5%X 1,000,000=25,000 new tokens.
User A’s USDG payment: the actual new token user A will receive X token price: 25,000X0. 1=2500 USDG

After the sale, user A’s 500 DAO will be locked for 15 days.
And USDG for purchase the new tokens will be deducted from User A’s spot account balance.


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 the 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 to significant risks.
- Advanced technical and financial knowledge is required to understand, and e valuate 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.

(3) 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.

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Gate.io Team
Aug 3, 2021


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