KaratDAO(KAT) Startup Free Offering on Gate.io

This Karat Coin(KAT) Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of event.

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

Introduction to Karat Coin(KAT)

The largest protocol on ZKSync. Karat has over 300,000 wallets actively transacting. Each user has verified their web3 wallet and their web2 id/behavior data. Karat is a data access control middleware developed by senior engineers from Apple, Google, and Forbes 30u30 serial entrepreneur. It leverages on-chain MPC and ZK technologies to create a sharable Web 2 & 3 ID data layer. Karat has received investments from institutions such as Bitmart, NEO Eco, Longling Capital, Emurgo Capital, Milestone Capital, and others. Karat encrypts user data such as email and Twitter, links it to the user’s wallet, and stores it on IPFS. Users and nodes are then given the MPC private key, allowing them to completely decentralize control over all data access permissions. This infrastructure is intended to be the infrastructure of all future Dapps that require Web3 social, data indexing, advertising delivery, and login permission calls.

(The information below is provided by the Karat Coin(KAT) team. Please follow Karat Coin(KAT) for more information）

Token Information
Token Name: Karat Coin
Token Symbol: KAT
Max Supply：2,000,000,000
Token Type: zkSync Token
Contract: https://explorer.zksync.io/address/0xCDb7D260c107499C80B4b748e8331c64595972a1#contract

Token distribution ratio and unlocking rules:
Operation 5%: 5% TGE unlocked, 3 month cliff, linear monthly release over 4 years
Mining 74.5%: 2% TGE unlocked, no cliff, release within 10 years according to the rules in the Token Economy document
Team 10.5%: TGE no unlock, 3 month cliff, linear monthly release over 4 years
Advisor 0.5%: TGE no unlock, 3 month cliff, linear monthly release over 4 years
Marketing 5%: TGE unlocks 5%, 3 month cliff, linear monthly release over 4 years
Pre-seed round 1%: TGE no unlock, 3 month cliff, linear monthly release over 4 years
Seed round 2.5%: TGE no unlock, 3 month cliff, linear monthly release over 4 years
Public Sale 1%: 10% TGE unlocked, no cliff, 6% released quarterly over 4 years

Website: https://karatdao.com/
WhitePaper ：https://docs.karatdao.com/

Karat Coin(KAT) Startup Sale Rules

(1) Duration: 06:00am 21st August, 2023 - 06:00am 22nd August, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 09:00am 22nd August, 2023 (UTC)
Trading Pairs: KAT/USDT
(3) Price: 0 USDT
(4)Startup Supply : 1,000,000 KAT
(5) Unlock rule: 100% unlock.
(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.