Powerloom(POWER) Startup Free Offering on Gate.io

Gate.io will list Powerloom (POWER) for spot trading on January 10th, 2025. at 9:00 AM (UTC). To reward our users, GT holders can participate in Startup to share up to $1.000.000 worth of POWER tokens for free. Don't miss the chance to seize this bonus!

1.Startup GT Holder Exclusive Airdrop: Share $200.000 POWER

-Duration: 05:00 AM on January 8th - 05:00 AM on January 10th (UTC), 2025

-Startup Total Supply: 869.565 POWER

-Unlock rule: 100% Unlock

-Participation Requirement:

(1) Hold ≥ 10 GT to share the total prize pool based on your GT holdings snapshot proportion. The maximum airdrop allocation per user is 30.000 GT.

(2) If you hold less than 10 GT but have at least 10 USD in spot assets, you can enter a lucky draw. A portion of lucky users will be randomly selected to share the airdrop, with no fixed number of winners or set prize amounts.

How to Claim Airdrop: Log in to your Gate.io account and complete identity verification → Navigate to the Startup → Hold no less than 10 USD of spot asset.

2.Startup Mining: Stake to earn, $800.000 POWER to be claimed!

Mining Period: 05:00 AM on January 8th - 05:00 AM on January 15th (UTC), 2025

Unlock rule: 100% Unlock

Participation Requirement:

(1) The system will distribute token rewards to users' spot accounts every hour based on the proportion of assets staked by each user.

(2) New User Exclusive Staking Pool: Only new users who sign up after 16:00 PM, Jan 3. 2025 (UTC) are eligible.

Startup Mining FAQ

How to Participate: Log in to your Gate.io account and complete identity verification → Navigate to the Startup Mining → Hold no less than 0.1 USDT or 0.01 GT .

Notes:

1.GateToken (GT) is the unique exchange token of Gate.io exchange and the native token to Gatechain public chain. Hold GT now: https://www.gate.io/trade/GT_USDT

2.Please complete identity verification before participating in Startup to enhance the security of your account and assets.

3.Please adhere to the relevant rules of the event when participating. Any cheating behavior is prohibited. An occurrence of any dishonesty will result in the disqualification of the rewards.

4.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

5.Gate.io reserves all rights to the final explanation.

6.This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the User Agreement for further details on Restricted Locations.

Project Information

(The information below is provided by the Powerloom(POWER) team. Please follow the Powerloom(POWER) website for more information)

-Introduction：

Powerloom is the composable data network ensuring next-gen web3 consumer apps and end-users get hassle-free and affordable access to precise, accurate, and verifiable onchain data.

-Token name: Powerloom

-Token symbol: POWER

-Max Supply: 1.000.000.000

-Token Type: ERC-20

-Token Contract: https://etherscan.io/token/0x429f0d8233e517f9acf6f0c8293bf35804063a83

-Token Distribution and Unlocked Rules:

Investor Allocation (13%): 12-month lock-up, 12-month vesting period.

Community Incentives (10%): 15% unlocked at TGE, 3-month lock-up, 9-month vesting period.

Network Incentives (27%): 2.07% unlocked at TGE, 48-month vesting period.

Team Allocation (20%): 12-month lock-up, 36-month vesting period.

Advisors (2%): 12-month lock-up, 24-month vesting period.

Reserve (9%): 12-month lock-up, 24-month vesting period.

Ecosystem (6%): 3-month lock-up, 45-month vesting period.

DAO Treasury (11%): 24-month lock-up, 24-month vesting period.

Liquidity (2%): Fully unlocked at TGE.

-Website: https://powerloom.network

-Whitepaper: https://blog.impossible.finance/powerloom/

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