Thetanuts Finance(NUTS) Startup Free Offering on Gate.io

About Gate.io Startup Free Airdrop Program In order to reward platform users, Gate.io launched the "Startup Project Free Airdrop Program", and free airdrops for blockchain excellent projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens airdrop benefits.

This Thetanuts Finance(NUTS) 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/1507

Introduction to Thetanuts Finance(NUTS)

Thetanuts Finance is a decentralized on-chain options protocol focused on altcoin options, allowing users to go long or short on on-chain options.

The first iteration of Thetanuts Finance in September 2021 saw the launch of Basic Vaults — where the Basic Vaults sold out-of-money ("OTM") European cash-settled options to accredited market makers, and generate yields for users in the form of option premiums.

With the v3 upgrade, Thetanuts Finance will pivot toward a decentralized on-chain options protocol focused on altcoin options. Our first-to-market v3 architecture uses our existing Basic Vault LP Tokens to extend new use cases in on-chain options trading — enabled by a Lending Market and Uniswap v3 Pools, which are all housed within the v3 interface.

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

Token Information

1. Token Name: Thetanuts Finance
2. Token Symbol: NUTS
3. Max Supply：10.000.000.000
4. Token Type: ERC-20
5. Contract:0x23f3D4625AEF6f0b84d50dB1d53516e6015c0c9B
6. Token distribution ratio and unlocking rules:

-Community: 43.5%; distributed over 65 years

-Investors: 11.9%; 3mo cliff, 21mo vesting

-Team: 20%; 6mo cliff, 24mo vesting

-Treasury: 20.1%; 30% unlock, 36mo vesting

-Airdrop Season 1: 3.0%; 100% unlock on TGE

-Public Sale: 1.0%; 100% unlock on TGE

-Initial Liquidity: 0.5%; 100% unlock on TGE

Website: https://www.thetanuts.finance/

WhitePaper: https://docs.thetanuts.finance/

Thetanuts Finance(NUTS) Startup Sale Rules

(1) Duration: 01:00pm 19th May, 2024 - 06:00am 20th May, 2024 (UTC)(Orders placed by qualified users within these 17 hours will be treated equally.)

(2) Trading Starts Time: 10:00am 20th May, 2024 (UTC)

Trading Pairs: NUTS/USDT

(3) Price: 0 USDT

(4)Startup Supply : 2.333.334 NUTS

(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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