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Gate.io Startup(free) Offering Strips Finance(STRP)

2021-10-13 10:43:37Read:20968

Gate.io Startup Free Offering: Strips Finance(STRP) and Announcement of Free Distribution Rules(25,000 STRP free of charge)

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 Strips Finance(STRP) Startup subion is a free subion, and will not deduct the users' participation funds in the end of event.

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

Introduction to Strips Finance(STRP)

Strips is a revolutionary new interest rate derivatives exchange on Arbitrum. Strips is building the largest fixed-income trading platform in DeFi. Strips makes it easy for traders and investors to trade interest rates using a perpetual interest rate swap (perpetual IRS). Strips has the potential to disrupt a $400 TRILLION market. Strips cutting edge AMM technology allows for cross-chain yield markets on the most popular DeFi and CeFi platforms. The world’s smartest AMM paired with incredible speed. Explore new markets never before seen. Experience so responsive, every interaction feels new again. Built by an elite team of traditional finance and blockchain veterans with backgrounds from Goldman Sachs, Blackrock and GIC.

(The information below is provided by the Strips Finance(STRP) team. Please follow Strips Finance(STRP) for more information

Token Information

Token name: Strips Finance

Token symbol: STRP

Max Supply100,000,000

Token Type: ERC20

Contract: 0x97872EAfd79940C7b24f7BCc1EADb1457347ADc9

Token distribution ratio and unlocking rules:

Seed Investors: 10%

Private Round: 10%

Public IDO: 1%

Team: 15%

Advisors: 2%

Treasury: 15%

Community: 47%

Website: https://strips.finance/

WhitePaper https://strips-finance.medium.com/strips-finance-whitepaper-68bca97a99b

STRP Startup Sale Rules

(1) Duration: 02:00 AM 14th October, 2021 - 02:00AM 15th October, 2021 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)

(2) Trading starts time: 02:30AM 15th October, 2021 (UTC)

Trading pairs: STRP/USDT, STRP/ETH

(3) Price: 0 USDT(Polkastarer Price:$2)

(4)Startup Supply : 25,000STRP

(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 before trading starts.

Gate.io Labs Private Sale Participating Disclosure

Gate.io Labs didn't participate in the Strips Finance(STRP) 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.

Gate will open an Automated Market Maker (AMM ) for STRP, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liqudity in will get rewards from liquidity pool transaction fee and GT token rewards from liquidity reward pool. High annual rate rewards with secure.

AMM Trading Market and AMM Liquidity Mining

Gate.io has launched a new version of the liquidity pool (centralized automatic 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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Gate.io Team

OCT 14, 2021


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