Vela Token(VELA) Startup Free Offering on Gate.io

This Vela Exchange(VELA) 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 Vela Exchange(VELA)

Vela Exchange is a next generation perpetual trading DEX with best-in-class trading tools, community support, and fast execution / settlement. Created to provide traditional finance-like capabilities for decentralized trading, Vela Exchange mixes a strong user experience with incentivization programs to create a thriving ecosystem.

(The information below is provided by the Vela Exchange(VELA) team. Please follow Vela Exchange(VELA) for more information）

Token Information
Token Name: Vela
Token Symbol: VELA
Max Supply：50,000,000
Token Type: Arbitrum
Contract: https://arbiscan.io/token/0x088cd8f5ef3652623c22d48b1605dcfe860cd704

Token distribution ratio and unlocking rules:
Community Incentives-30%: Reserved for LP reward emissions, market making and platform liquidity rewards, beta test rewards, and other incentives. Limited to 5% (2.5m) maximum yearly emissions.
Growth Fund -19%: Reserved for any future grants, DEX liquidity, market maker allocation for CEXs, team growth and other expansion efforts. Limited to 10% (5m) maximum yearly emissions.
Marketing - 5%： Reserved for marketing rewards including distributions via KOL partnerships, and co-marketing efforts with partners.
Core Team -16%:6 month cliff with linear vesting for 36 months, starting from time of onboarding.
DXP Bridging -18%: $DXP supply to be bridged until June 1, 2023. All of which will be claimable 1:1 for VELA.
Investors & Partners - 10%: Allocated towards future investment rounds for VELA. These allocations will be subject to new cliff and vesting periods.
Advisors - 2%: 6 month cliff with linear vesting for 18 months, starting from the time of onboarding.

Website: https://www.vela.exchange/
WhitePaper ：https://www.vela.exchange/whitepaper.pdf

Vela Exchange(VELA) Startup Sale Rules

(1) Duration: 12:00 PM 28th Mar, 2023 - 06:00 AM 29th Mar, 2023 (UTC) (Orders placed by qualified users within these 18 hours will be treated equally.)
(2) Trading Starts Time: 08:00 AM 29th Mar, 2023 (UTC)
Trading Pairs: VELA/USDT
(3) Price: 0 USDT
(4)Startup Supply : 9,434 VELA
(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 1500 shares; the relationship between the VIP level and the maximum contribution allocation, please refer to the link: https://www.gate.io/article/29892
(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.
(11) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behaviour, and any cheating behaviour is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.