Auction Light(ACL) New Listing on gate.io

Listing

According to gate.io's official announcement, Auction Light (ACL) is soon going to be listed on the gate.io crypto exchange.

Auction Light Listing Schedule

Trading starts time: 09:00 AM July 24th, 2024 (UTC) (Trading pair: ACL/USDT)

About Auction Light

Auction Light is an auction-based NFT marketplace that aims to increase NFT market efficiency through using auction mechanisms and gas-free transactions. As the NFT market shifts towards small-value NFT, gas fee takes a higher portion of the transaction cost. Our platform solves the emerging pain point for active NFT traders, users only need to sign a message to place trades on NFT, resulting in better execution price and less gas fee paid.

Auction Light Token Distribution

Borrow & Lending Incentive: 30% Linearly vested over 36 months (60,000,000,000 ACL)
Retroactive Airdrop: 2% Unlocked at TGE (4,000,000,000 ACL)
Token LP: 13% 20% unlocked at TGE, 80% linearly vested over 36 months (26,000,000,000 ACL)
Initial Liquidity Offering: 5% Unlocked at TGE (10,000,000,000 ACL)
Token Vesting Incentives: 10% Linearly vested over 36 months (20,000,000,000 ACL)
Treasury: 10% 20% unlocked at TGE，80% linearly vested over 36 months (20,000,000,000 ACL)
Founding Team: 15% Linearly vested over 30 months, 6 months cliff (30,000,000,000 ACL)
Seed Investors: 15% Linearly vested over 30 months, 6 months cliff (30,000,000,000 ACL)