ReapChain(REAP) Startup Free Offering on Gate.io

Gate.io Startup will launch its next project, ReapChain (REAP), on March 22nd, 2022 at 04:00 AM(UTC).

Startup Link:https://www.gate.io/startup

Introduction to ReapChain (REAP)

A new consensus process called Shell-Core Structure and pre-confirmation, which is a blockchain structure unique to ReapChain, and we have ReapMiddleChain, a middle chain that can be customized according to the characteristics of each industry.

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

Token Information
Token name: REAPCHAIN
Token symbol: REAP
Max Supply: 4,900,000,000 REAP
Token Type: ERC-20
Token Contract: 0x1fc5ef0337aea85c5f9198853a6e3a579a7a6987
Token Distribution and Unlocking Rules:
*Burning: 55.10%
*Company Holding: 5.87%
Decision to lift lock-up is made through a vote.
*Ecosystem Incentives: 10.00%
Decision to lift lock-up is made through a vote.
*Founder and Team: 2.04%
15% locked-up for 12 months until October 1, 2021
25% locked-up for 24 months until October 1, 2022
60% locked-up for 36 months until October 1, 2023
*Early contributor: 5.00%
15% locked-up for 12 months until October 1, 2021
25% locked-up for 24 months until October 1, 2022
60% locked-up for 36 months until October 1, 2023
*Standing Committee: 13.71%
There is no condition for lock-up
*Marketing: 5.00%
15% locked-up for 6 months until April 1, 2021
15% locked-up for 12 months until October 1, 2021
15% locked-up for 18 months until April 1, 2022
15% locked-up for 24 months until October 1, 2022
15% locked-up for 30 months until April 1, 2023
25% locked-up for 36 months until October 1, 2023
*Token Sale: 3.28%
*25% locked-up for 6 months until April 1, 2021
*25% locked-up for 12 months until October 1, 2021
*50% locked-up for 24 months until October 1, 2022

Website: https://reapchain.com/
Whitepaper:https://reapchain.com/file/en/ReapChain_WhitePaper_0.9_en.pdf
Token Information:https://etherscan.io/token/0x1fc5ef0337aea85c5f9198853a6e3a579a7a6987

ReapChain Startup Sale Rules

(1) Duration: 04:00 AM on March 22nd - 04:00 AM on March 23rd(UTC), 2022 (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) To participate in the Startup Sale, users will need to be VIP1 and above.
(3) Price: $0; Market Price(Reference): $0.111308；Startup Supply: 986,287 REAP
(4) Purchase limit: The maximum subscription limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subscription allocation is:
the maximum number of subscriptions (not the final actual subscription 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
(5) Unlocking Rule: Unlock
(6) Users place orders using USDT.
(7) Users can place orders from 04:00 AM on March 22nd - 04:00 AM on March 23rd(UTC), 2022. Orders placed by qualified users within these 24 hours will be treated equally.
(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) Each type of currency can only be purchased once with each KYC account.
(10) After 04:00 AM(UTC) on March 23rd, 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.
(11) Trading starts time: 08:00 AM(UTC) on March 23rd, 2022

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