ParallelChain(XPLL) Startup Free Offering on Gate.io

This ParallelChain (XPLL)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 ParallelChain (XPLL)

ParallelChain is a dual-blockchain ecosystem powered by two layer-1 distributed ledgers: ParallelChain Mainnet and ParallelChain Enterprise – developed by ParallelChain Lab, a technology company specialising in distributed systems and machine learning. ParallelChain Mainnet is a Proof-of-Stake open-source blockchain for building web2-compatible decentralized applications; and ParallelChain Enterprise is a business-native, permissioned blockchain for use cases that demand stronger privacy, scalability, and compliance - features built with 6 U.S.-patented technologies. Furthermore, Inter-ParallelChain Protocol (IPP) enables native interoperability between the two networks, allowing Web2 and Web3 to easily and securely interact in the same ecosystem.

(The information below is provided by the ParallelChain (XPLL) team. Please follow ParallelChain (XPLL) for more information）

Token Information
Token Name: ParallelChain
Token Symbol: XPLL
Max Supply: 125,000,000
Token Type: Mainnet token
Contract: N/A

Token distribution ratio and unlocking rules:
Angel Round: 6.77%, 2% initial unlock, 6 months cliff and daily vesting for 24 months;
Seed Round: 1.72%, 12.5% initial unlock, 3 months cliff and daily vesting for 6 to 8 months
Private Round: 2.15%, 25% initial unlock, daily vesting for 1 to 9 months depending on the size of allocation;
Node Round(not locked for staking): 14%, monthly vesting for 18 months, 21 months or 24 months depending on the size of allocation;
Node Round (Committed Validators): 19.8%, 8 months, 10 months or 12 months cliff depending on the size of allocation and monthly vesting for 10 months, 11 months or 12 months depending on the size of allocation;
Public Round: 1.71%, 35% initial unlock, daily vesting for 1-9 months depending on the size of allocation;
Ambassadors: 0.03%, 25% initial unlock, 3 months cliff and daily vesting for 3 months;
Team: 12%, 1% initial unlock, 6 months cliff and daily vesting for 36 months;
Liquidity & Listing: 5%, 100% unlock;
Foundation(Treasury & Ecosystem Grants): 30.7%, Vesting length depends on the size of allocation/grant, but no less than 12 months
Advisors: 1.15%, 5% initial unlock, 3 months cliff and daily vesting for 12 months;
Strategic/Marketing: 6.46%, 5%-15% initial unlock depending on the size of allocation, 3 months cliff, and daily vesting for 3 months to 20 months depending on the size of allocation.

Website: https://parallelchain.io/
WhitePaper：https://parallelchain.io/parallelchain/mainnet/papers/mainnet-whitepaper

ParallelChain (XPLL) Startup Sale Rules

(1) Duration: 07:00 am 10th July, 2023 - 07:00 am 11th July, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 10:00 am 11th July, 2023 (UTC)
Trading Pairs: XPLL/USDT
(3) Price: 0 USDT
(4)Startup Supply : 200,000 XPLL
(5) Unlock rule: 25% unlock, linear monthly vesting for 5 months.
(6) To participate in Startup Sale, VIP 0 users need to hold no less than 500 USD worth of Spot Assets in balance, and the number of share will be 1/4 of VIP 1 users’ share;
The higher the VIP tier, the more shares.
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
(7) Purchase limit: The maximum contribution limit for a single user is 1500 shares; the relationship between the VIP level and the maximum contribution allocation, please refer to the link: https://www.gate.io/article/29892
(8) 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.
(9) 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.