Edge Video(FAST) 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 Edge Video AI(FAST) 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/1559

Introduction to Edge Video AI(FAST)

Edge Video represents a paradigm shift in the streaming industry, harnessing proprietary AI to transform traditional viewing into an immersive and interactive experience. It revolutionizes the way audiences engage with content, offering real-time, gamified participation that translates into tangible rewards. Through a unique dual-token system, viewers earn $FAST tokens for activities, elevating the incentive structure beyond passive consumption. Targeting the $11 billion streaming market, Edge Video's technology fosters deeper connections between content and viewers, paving the way for a new era of entertainment while opening additional revenue streams for creators within the Web3 landscape.

(The information below is provided by the Edge Video AI(FAST) team. Please follow Edge Video AI(FAST) for more information)

Token Information

1. Token Name: Edge Video AI
2. Token Symbol: FAST
3. Max Supply: 100.000.000
4. Token Type: MATIC
5. Contract：0x855d797607a997c4b0ecdfc4f1d6af925832189e
6. Token distribution ratio and unlocking rules:

Seed: 11.55%, 3 months cliff, 13 months vesting

Strategic: 18.72%, 2 months cliff, 10 months vesting

KOL: 3%, 10% unlocked at TGE, 1 month cliff, 8 months vesting

Public: 3%, 15% unlocked at TGE, 1 month cliff, 8 months vesting

Community incentives: 3.24%, 1 month cliff, 8 months vesting

Team: 10%, 12 months cliff, 36 months vesting

Advisors: 3.5%, 6 months cliff, 24 months vesting

Ecosystem: 13%, 1 month cliff, 36 months vesting

Partners: 5%, 10 months cliff, 36 months vesting

Rewards: 15%, 48 months vesting

Liquidity: 14%, 50% unlocked at TGE, 12 months vesting

Website: https://www.edgevideo.ai/

WhitePaper: https://edge-video.gitbook.io/edge-video-1

Edge Video AI(FAST) Startup Sale Rules

(1) Duration: 06:00am 9th June, 2024 - 06:00am 11th June, 2024 (UTC)(Orders placed by qualified users within these 48 hours will be treated equally.)

(2) Trading Starts Time: 10:00am 11th June, 2024 (UTC)

Trading Pairs: FAST/USDT

(3) Price: 0 USDT

(4)Startup Supply : 500.000 FAST

(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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