Synonym Finance(SYNO) Startup Free Offering on Gate.io

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

Gate.io is going to commence Synonym Finance (SYNO) trading on 11:00 AM Feb 26th, 2024 UTC.

Introduction to Synonym Finance (SYNO):

Synonym is a universal cross-chain money market built for DeFi power users. It is built on the Wormhole ($W), Arbitrum, Pyth and Circle CCTP technology stacks. Users can seamlessly lend, borrow and earn from any connected chain. Synonym unifies liquidity and provides a superior cross-chain lending UX that will eventually stretch across dozens of ecosystems, EVM and non-EVM included.

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

Token Information
Token Name: Synonym Finance
Token Symbol: SYNO
Max Supply：800,000,000
Token Type: Arbitrum
Contract:
(ARB): https://arbiscan.io/token/0x577fd586c9e6ba7f2e85e025d5824dbe19896656
Token distribution ratio and unlocking rules:
All of the token schedules and release timelines can be found in our tokenomics documentation here:
https://synonym-finance.gitbook.io/synonym-finance/documentation/synonym-economy-and-tokenomics

Website: https://www.synonym.finance/
WhitePaper:
The detailed protocol documentation for both users and developers can be found here:
https://synonym-finance.gitbook.io/synonym-finance/documentation/overview

Synonym Finance (SYNO) Startup Sale Rules

(1) Duration: 08:30 am 25th Feb, 2024 - 07:00 am 26th Feb, 2024 (UTC)(Orders placed by qualified users within these 22.5 hours will be treated equally.)
(2) Trading Starts Time: 11:00 am 26th Feb, 2024 (UTC)
Trading Pairs: SYNO/USDT
(3) Price: 0 USDT
(4)Startup Supply : 1,866,667 SYNO
(5) Unlock rule: 100% unlock.
(6) Startup Participation Rules:
Each user can only purchase once with a KYC account.
a) Startup Participation Rules for VIP Users:
For Airdrop Projects, the system will no longer verify the VIP Users’ assets adequacy, instead, the system will verify the Users’ VIP Level. The actual shares each VIP User received will be determined based on the actual VIP Level at the time of token distribution.
Purchase limit: The maximum contribution limit for a single user is 1500 shares. The VIP Users’ existing subscription share rules remain unchanged and can get 100% airdrops. The higher the VIP level, the more Startup airdrop shares can be subscribed.
The relationship between the VIP level and the maximum contribution allocation, please refer to the link: https://www.gate.io/article/29892
The actual share per user will receive is calculated according to the VIP Level at the time of subscription, and it’s necessary to ensure that the VIP Level of the account shall not downgrade from the VIP Level at the time of subscription before receiving the tokens.
b) Startup Participation Rules for Non-VIP Users (VIP 0 Users):
Spot assets not less than 10 USD, after participating in the subscription, whether the Non-VIP Users win or not will be announced at the end of the project subscription.
A portion of lucky Non-VIP Users will be randomly selected and the airdrop amount will be evenly distributed.
Non-VIP users who use Startup vouchers to join the subscription will have their Voucher benefits prioritized. Startup vouchers guarantee a 100% corresponding share, the specific subscription rules can be found at https://www.gate.io/article/31899.
(7) Announcement of results: After the end of the day’s subscription, the system will count all eligible subscription orders.
VIP users will be distributed according to the ratio of the individually subscripted tokens to the total subscripted tokens.
Non-VIP users will be randomly selected as part of the lucky Non-VIP users and the airdrop quota will be distributed equally. The subscription results will be announced before listing.
(8) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behavior is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.

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