LiNEAR Protocol(LNR) 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 LiNEAR Protocol (LNR) 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 LiNEAR Protocol (LNR)

LiNEAR Protocol is an innovative omnichain liquidity staking/restaking platform and the leading DeFi protocol on NEAR. It pioneered revolutionary features such as automatic validator optimization, which significantly decentralizes and secures the network by allowing users to re-delegate to 200+ validators. LiNEAR offers seamless multichain restaking across multiple networks, such as NEAR, Ethereum, Bitcoin, Solana, and more, ensuring a secure future for a chain-agnostic and chain-abstracted web3 experience.

(The information below is provided by theLiNEAR Protocol (LNR) team. Please follow LiNEAR Protocol (LNR) for more information)

Token Information

1. Token Name: LiNEAR
2. Token Symbol: LNR
3. Max Supply：1.000.000.000
4. Token Type: NEP141
5. Contract:802d89b6e511b335f05024a65161bce7efc3f311.factory.bridge.near
6. Token distribution ratio and unlocking rules:

10% - Airdrop (only liquid supply on exchanges)

8% - Reserve for protocol development

12% - Marketing & Operations

27% - Community

23% - DAO Treasury

9% - Team with 1 year cliff, 3 year linearly released after

11% - Future airdrops

Website: https://linearprotocol.org/

WhitePaper ： https://docs.linearprotocol.org/

LiNEAR Protocol (LNR) Startup Sale Rules

(1) Duration: 09:00am 14th March, 2024 - 11:00am 14th March, 2024 (UTC)

(Orders placed by qualified users within these 2 hours will be treated equally.)

(2) Trading Starts Time: 13:00 14th March, 2024 (UTC)

Trading Pairs: LNR/USDT

(3) Price: 0 USDT

(4)Startup Supply : 128.185 LNR

(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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