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Gate.io Startup Initial Free Offering: Equilibrium (EQ) and Announcement of Free Distribution Rules( 6,060,606 EQ free of charge)

2023-03-03 07:13:55 UTCRead：16765

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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 Equilibrium (EQ) Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of event.

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

Introduction to Equilibrium (EQ)
Equilibrium is a one-stop DeFi platform on Polkadot that allows for high leverage in trading and borrowing digital assets. It features three main products: 
EQD - a decentralized USD-pegged stablecoin that is backed by a portfolio of assets. It can be transferred seamlessly and trustlessly to other parachains on Polkadot via Cross-Consensus Messaging (XCM) without the need for bridges. It comes with a strong peg mechanism and is secured by Insurance Pool.
Money market - a pooled lending protocol with high leverage and critical collateralization as low as 105%. Its novel liquidation mechanics, Insurance Pool, helps to secure loans in the system, hence strengthening the platform's resiliency.
Orderbook DEX - offers spot market trading up to 20x leverage. Users are able to trade in a non-custodial way while enjoying advanced trading features offered by typical CEX.

EQ Blast is an incentivized liquidity mining program with a max APR >90%! The program adds new opportunities to earn in the Equilibrium ecosystem with its proprietary EQ utility token through diverse liquidity pools and yield strategies.

To join the EQ Blast program and start earning rewards, users must deposit funds into Equilibrium liquidity pools. The incentivized program offers dynamic APRs based on risk and market conditions. The breakdown of available options includes:

DOT Liquid Staking: Stake DOT to receive liquid eDOT (12% APR)
Stableswap Pool: Provide EQD and USDC liquidity (10% APR)
Insurance Pool: Securing the system by insurance loans (15% APR)
Lending Pool: Provide liquidity to be lent out by the protocol (10% APR)

The first wave of the EQ Blast will last for 4 months or until the quota is distributed in full (whichever happens first).

(The information below is provided by the Equilibrium (EQ) team. Please follow Equilibrium (EQ) for more information）

Token Information
Token Name: Equilibrium
Token Symbol: EQ
Max Supply: 12,000,000,000
Token Type: ERC-20
Contract:
ERC-20: https://etherscan.io/address/0xa5ede2fee620ac3d68065ec01f26f9dd99850b82  
Token distribution ratio and unlocking rules: 
Treasury 41.55%: Treasury allocation for future funding and acting as insurance of last resort.
NUT/EQ token swap 25.00%: Allocation for NUT token holders who migrated from EOS blockchain
Team 15%: 2 year vesting period
Liquidity farming 10%: Allocation to incentivize users to bring and keep liquidity inside Equilibrium
Strategic Investors 5.00%: Allocation for strategic investors
Parachain Auction Rewards 2.33%: Incentivize DOT holders to vote for Equilibrium in parachain auctions
Media (partners, advisors, ambassadors) 0.66%: To promote Equilibrium in ecosystem and beyond
Offering Phase1 on Republic 0.39%: EQ Offering on Republic
Offering Phase 2 on Equilibrium's launchpad 0.07%: EQ Offering on Equilibrium's launchpad

Website: https://equilibrium.io
WhitePaper ：https://equilibrium.io/docs/en/Equilibrium_WP.pdf

Equilibrium (EQ)Startup Sale Rules
(1) Duration: 09:00 AM 8th Mar, 2023 - 09:00 AM 9th Mar, 2023 (UTC) (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 12:00 PM 9th Mar, 2023 (UTC)
Trading Pairs: EQ/USDT
(3) Price: 0 USDT
(4)Startup Supply : 6,060,606 EQ
(5) Users purchase using USDT.
(6) Unlock rule: 100% unlock.
(7) To participate in Startup Sale, VIP 0 users need to hold no less than 500 USD worth of Spot Assets in balance, and the number of share will be 1/4 of VIP 1 users’ share; 
The higher the VIP tier, the more shares.
For VIP 1 and above,  the higher the VIP level the higher the contribution share will be.
Each user can only purchase once with KYC account
(8) Purchase limit: The maximum contribution limit for a single user is 1000 shares; the relationship between the VIP level and the maximum contribution allocation is:
the maximum number of contributions (not the final actual contribution number) = the square of the VIP level multiplied by 10. For example:
VIP2 users can subscribe up to 2 x 2 x 10 = 40 shares
VIP3 users can subscribe up to 3 x 3 x 10 = 90 shares
(9) 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.
(10) 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 hasn't participated in the Equilibrium (EQ)investment.

Attention
(1) Countries not supported: the United States, Canada, Malaysia, Singapore, Mainland China, Malta, Cuba, Iran, North Korea, Crimea, Sudan, Syria, Bangladesh, Bolivia.
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 evaluate 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
November 16th, 2022

Gate.io Startup Initial Free Offering: Equilibrium (EQ) and Announcement of Free Distribution Rules( 6,060,606 EQ free of charge)

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