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Gate.io Startup Free Offering: Sukhavati Network(SKT) and Announcement of Free Distribution Rules(125,000 SKT free of charge)

2021-08-06 09:51:05 UTCRead:67281

About Gate.io Startup Free Airdrop Program In order to reward platform users, Gate.io launched the "Startup Project Free Airdrop Program", and free airdrops for blockchain excellent projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens airdrop benefits.

This Sukhavati Network(SKT) Startup subion is a free subion, and will not deduct the users' participation funds in the end of event.

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

Introduction to Sukhavati Network(SKT)
Sukhavati is a decentralized cloud service network focused on storage. Based on TEE and Substrate, it implements a low-consumption and meaningful storage verification mechanism: EPoSt (Efficient Proof of Spacetime). On the basis of this architecture, Sukhavati will establish a decentralized data access gateway covering both Web3.0 and Web2.0 storage ecos to provide unified data storage, retri, and management services for Web3.0 applications. Sukhavati support co-mining with IPFS or PoC projects (Chia & MASSnet) and interactive with Polkadot ecos via decentralized cloud service.

(The information below is provided by the Sukhavati Network(SKT) team. Please follow Sukhavati Network(SKT)for more information)

Token Information
Token name: Sukhavati Network
Token symbol: SKT
Max Supply:618,000,000 SKT
Token Type: ERC-20
Contract: 0x012e0e6342308b247f36ee500ecb14dc77a7a8c1
Token distribution ratio and unlocking rules:
Mining rewards 61.8% Unlock start from mainnet launch,Mining reawrds last 40+ years;
Seed round 4% TGE 10%, 3 months cliff, 11.25% quarterly for 8 quarters
Private round 10% TGE 10%, 3 months cliff, 11.25% quarterly for 8 quarters
Public round 0.1% TGE 100%unlock
Early liquidity 0.9% TGE 100%unlock
Founding team 10% quarterly vesting for 3 years
Eco reserve 6.2% Marketing & Market Liquidity
Foundation reserve 7% quarterly vesting for 1 year

Website: https://sukhavati.io/
WhitePaper :https://sukhavati.io/Sukhavati_Network_Whitepaper.pdf


Sukhavati Network Startup Sale Rules

(1) Duration: 03:00am 10th Aug, 2021 - 03:00am 11th Aug, 2021 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading pairs: SKT/USDT
(3) Price: 0 USDT(Public price:$0.4)
(4)Startup Supply : 125,000 SKT
(5) Users purchase using USDT.
(6) To participate in Startup Sale, users will need to be VIP1 and above,can only purchase once with each KYC account.
(7) Purchase limit: The maximum sub-scrip-tion limit for a single user is 1000 shares; the relationship between the VIP level and the maximum sub-scrip-tion allocation is:
the maximum number of sub-scrip-tions (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
(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) 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. The final result will be announced at 06:00 11th Aug, 2021(UTC).


Gate.io Labs Private Sale Participating Disclosure
Gate.io Labs participated in the Sukhavati Network(SKT) investment.


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 project team does not guarantee that 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 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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Twitter: https://twitter.com/gate_io

Telegram:https://t.me/gateio

Instagram:https://www.instagram.com/gateioglobal

Medium:https://medium.com/@gateio


Gate.io Team

Aug 6, 2021


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