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Gate.io Airdrop Program: WEMIX (WEMIX) and Announcement of Distribution Rules (156,862.75 WEMIX for Airdrop)

2021-09-03 01:23:57Read:31382

About Gate.io Airdrop Program In order to reward platform users, Gate.io launched the "Airdrop Program". Airdrops for excellent blockchain projects are launched on Gate.io from time to time. VIP and GT users can get a variety of tokens via airdrop benefits.

Gate.io will launch its next project, WEMIX (WEMIX) , on September 3rd, 2021 at 12PM (UTC).

Airdrop Link: https://www.gate.io/en/startup

Please pay attention to the participation features of this WEMIX (WEMIX) airdrop.
This WEMIX (WEMIX) Airdrop is free. No user participation funds will be deducted at the end.

Introduction to WEMIX (WEMIX)
WEMIX token is issued by Wemade Tree, the blockchain subsidiary of Wemade Group, a KOSDAQ-listed gaming company famous for the MIR(ChuanQii) series in China. The Wemade team consists of gaming industry experts, who have proven track records of leading the growth of the gaming industry at a global scale, with specialties in "long-duration" games such as RPG, SNG, Casual, etc. We have served more than 600 million global users and, especially in China, MIR(ChuanQi) accumulated more than 500 million users. We have secured billion USD worth of Intellectual Property Rights over mega-hit global games and plan to continue to do the same going forward.

(The information below is provided by the WEMIX (WEMIX) team. Please follow website for more information)
Token Information
Token name: WEMIX
Token symbol: WEMIX
Max Supply: 1,018,100,800 WEMIX
Token Type: KIP-7
Token Contract: 0x5096db80b21ef45230c9e423c373f1fc9c0198dd

Token distribution and unlocking rules:
*Private Sale 10%
Distribution completed
*Marketing 7%
No vesting rule
*Team 9%
3-year lock-up period after distribution
*Eco Support 74%
No vesting rule

Website: https://wemixnetwork.com/
Token Information:https://scope.klaytn.com/account/0x5096db80b21ef45230c9e423c373f1fc9c0198dd?tabId=txList

WEMIX Airdrop Participate Rules
(1) Duration: 4:00AM - 10:00 AM(UTC), September 3rd, 2021 (Participated by qualified users within these 6 hours will be treated equally.)
(2) To participate in the Airdrop, users will need to be VIP1 and above.
(3) Market Price: $0.57; Airdrop Supply:156,862.75 WEMIX
(4) Participate limit: The maximum participation limit for a single user is 1000 shares; the relationship between the VIP level and the maximum participation allocation is:
the maximum number of participations(not the final actual participation number) = the square of the VIP level multiplied by 10. For example:
VIP2 users can participate up to 2 * 2 * 10 = 40 shares
VIP3 users can participate up to 3 * 3 * 10 = 90 shares
(5) Unlocking Rule: N/A
(6) Users participate by using USDT.
(7) Users can participate from 4:00AM - 10:00AM(UTC), September 3rd, 2021. Participated by qualified users within these 6 hours will be treated equally.
(8) Users need to ensure that there is sufficient balance (exceeding the participate value) in accounts for the participate until we announce the airdrop result. An insufficient balance will result in the cancellation of the airdrop participation.
(9) Each type of currency can only be participated once with each KYC account.
(10) After 10:00 AM(UTC), we will collect all the participation numbers and distribute the tokens according to the ratio of the individual participation numbers to the participation numbers in total.
(11) Trading starts time: 12:00PM(UTC), 3rd September, 2021

Gate.io Labs Investment Participating Disclosure
Gate.io Labs did not invest in WEMIX


(1) Disclaimer: WEMIX team does not receive money or take any monetary profits from this airdrop event.

(2) 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.

(3) 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 uate 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.

(4) 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 WEMIX, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from the liquidity pool transaction fee and GT token rewards from the liquidity reward pool. High annual rate rewards with security.

AMM Trading Market and AMM Liquidity Mining

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

Sep 3, 2021

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