Gate.io “Startup Mining” Initial Offering: Fyde(FYDE) and Announcement of Distribution Rules

About Gate.io Startup Mining ProgramStartup Mining is a platform where users can stake their assets or provide liquidity to earn rewards in new project tokens. Users can lock specified tokens in the Startup Mining pool to receive corresponding project token rewards.Visit Startup Mining and learn more

Introduction to “Startup Mining” Project Fyde(FYDE)：Fyde bridges AI x DeFi by bringing the Liquid Vault archetype to Ethereum. Fyde helps users consistently lock in gains, earn yield, and stay liquid. Liquid Vaults accept a variety of tokens which are automatically distributed across a diverse range of tokens and rising narratives. Gains from winners are locked in, and losses from losers are reduced. Through its AI models, Fyde helps protect against rugpulls and severe downside events, enabling users to grow crypto holdings faster with less volatility.

Fyde(FYDE) Startup Mining Rules(1) Startup Mining Duration: 08:00 AM on October 5th - 08:00 AM on October 10th (UTC), 2024(2) Trading starts time: 10:00 AM on October 9th (UTC), 2024(3) Initial circulation: 8,800,000 FYDE(8.8%)(4)Startup Mining allocation：1,000,000 FYDE(5)Total Daily Rewards：200,000 FYDE(6)Supported pairs：GT(7) Unlocking Rule: 100% Unlock(8) Startup Mining Participation Rules:1.Users can choose Startup Mining projects and stake assets for a minimum period of 12 hours on the same day to start earning rewards.2.A snapshot of the staked token quantities for qualifying users is taken at 00:00 (UTC 0) daily, and token rewards are distributed to eligible users. Daily earnings will be distributed into users’ spot accounts.3.Daily staking rewards = Your valid staked asset amount / Total valid staked asset amount by all participants * Daily rewards pool.4.Users can increase or redeem the staked assets at any time during the staking period. However, early redemption may result in the loss of accrued rewards.

(The information below is provided by the Fyde(FYDE) team. Please follow the website for more information）

Token InformationToken name: FydeToken symbol: FYDEMax Supply: 100,000,000Token Type: ERC-20Token Contract: https://etherscan.io/token/0x8a462e6a0051d006e33152fbeadfb9a14198de30Token Distribution and Unlocked Rules:-Investors: 19.3% 19,333,333, TGE unlock 3.5%, 12 months cliff, 24 months vesting-Founders/Team: 12.5%, 12,500,000, TGE unlock 2.0%, 12 months cliff, 24 months vesting-Developers: 10.0%,10,000,000, TGE unlock 2.0%, 12 months cliff, 24 months vesting-Advisors: 2.0%, 2,000,000, TGE unlock 2.0%, 12 months cliff, 24 months vesting-Treasury: 51.2%, 51,166,667, TGE unlock 10.0%, 12 months cliff, 60 months vesting-Partnerships/Exchanges: 5.0%, 5,000,000, TGE unlock 50.0%, 12 months cliff, 24 months vestingWebsite: http://www.fyde.fiWhitepaper: https://docs.fyde.fi/Token Information:https://etherscan.io/token/0x8a462e6a0051d006e33152fbeadfb9a14198de30

Gate.io Labs Investment Participating DisclosureGate.io Labs hasn't participated in the Fyde(FYDE) investment.

4.Notice(1) The system will take multiple snapshots of personal staking amounts each hour, and take the average staking amount as the valid staking amount.(2) After the staking ends, the staked assets will be automatically redeemed.(3) After the user redeems in advance or the staking is completed, the staked assets will be transferred to Simple Earn by default. If this option is unchecked, the staked assets will be redeemed into spot assets. If the amount of redeemed assets is too small and does not meet the minimum subscription amount of Simple Earn, the assets will be automatically transferred to spot assets. Additionally, if Simple Earn does not support the subscription of the redeemed token, the assets will also be automatically transferred to spot assets.(4) Before participating in Startup Mining, please ensure that you fully understand the participation rules. Click here to learn more details.(5) The use of duplicate accounts and any other cheating behaviors are strictly prohibited. Any cheating behavior will result in disqualification for receiving rewards.(6) Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.(7) Gate.io reserves all rights to the final explanation.(8) This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the User Agreement for further details on Restricted Locations.

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Gate.io TeamOctober 5th, 2024