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Zeitgeist(ZTG) Startup Free Offering on Gate.io
This Zeitgeist (ZTG) 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 Zeitgeist (ZTG)
Zeitgeist is a decentralized prediction market protocol. Built in Substrate, it is a live parachain of Kusama (the sister chain of Polkadot). Zeitgeist is building an application that not only allows users to make various predictions on numerous markets, but also allows for them to create their own markets - with a full SDK being made available for software developers. In addition to a holistic Prediction Market offering, Zeitgeist also plans to implement the "futarchy form of governance" to its blockchain protocol: A governance model proposed by economist Robin Hanson whereby decisions are arrived via prediction markets as opposed to traditional "one man one vote" democratic consensus.
(The information below is provided by the Zeitgeist (ZTG) team. Please follow Zeitgeist (ZTGt) for more information)
Token Information
Token Name: Zeitgeist Token
Token Symbol: ZTG
Max Supply:100,000,000
Token Type: substrate coin
Contract: N/A
Token distribution ratio and unlocking rules:
Seed: 7% Subject to 12 months vesting with 20% available at genesis and 80% on a continuous vesting schedule.
Stategic: 6% Subject to 9 months vesting with 20% available at genesis and 80% on a continuous vesting schedule.
Shape the future :8% Subject to a 30 day lock up.
Community:2% Rewards that are granted to the community through marketing efforts such as the Kusama Derby, the Zeitgeist Beta Campaign, and future events
PLO:40% These funds are reserved for use as rewards during Zeitgeist's parachain lease offering on Kusama. 30% will be available at genesis with the remaining 70% on a continuous vesting schedule over the lease period.
Team:15% Subject to 24 months vesting, with a 6 month cliff, and a continuous vesting schedule for the remaining 18 months.
Zeitgeist Foundation:22% These tokens are reserved by Zeitgeist Foundation LTD, a Singaporean non-profit entity, and will be used for future grants, development, and other long-term ways to sustain the Zeitgeist network.
Website: https://zeitgeist.pm/
Zeitgeist (ZTG) Startup Sale Rules
(1) Duration: 11:00 AM 29th June, 2022 - 11:00 AM 30th June, 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 1:00 AM 1st July, 2022 (UTC)
Trading pairs: ZTG/USDT
(3) Price: 0 USDT( Initial Price: $1.25)
(4) Startup Supply : 96,000 ZTG
(5) Users purchase using USDT.
(6) Unlock rule: 100% unlock.
(7) To participate in Startup Sale, VIP 0 users need to hold of minimum $500 USDT Spot Assets in balance, and will be offered the contribution share at 1/4 of VIP 1 users’ share;
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 1000 shares; the relationship between the VIP level and the maximum contribution allocation is:
the maximum number of contributions (not the final actual contribution number) = the square of the VIP level multiplied by 10. For example:
VIP2 users can subscribe up to 2 * 2 * 10 = 40 shares
VIP3 users can subscribe up to 3 * 3 * 10 = 90 shares
(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.
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