LITE(LITE) Startup Free Offering on Gate.io

This $LITE(LITE) 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 $LITE(LITE)

LITE token is the first LTC-20 token based on Litecoin. LTC-20 is a new token standard developed based on the ordinals protocol. It is a new method to facilitate the issuance and transfer of tokens by writing a text on Satoshi.

(The information below is provided by the $LITE(LITE) team. Please follow $LITE(LITE) for more information）

Token Information
Token Name: LITE
Token Symbol: LITE
Max Supply：84,000,000
Token Type: LTC-20
Contract: https://litescribe.io/ltc20/lite
Unilit Link: https://www.unilit.io/

Token distribution ratio and unlocking rules:
Fully Circulating Tokens

Website: https://litescribe.io/ltc20/lite
WhitePaper: N/A

$LITE (LITE)Startup Sale Rules

(1) Duration: 05:00 AM 8th August, 2023 - 05:00 AM 9th August, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 08:00 AM 9th August, 2023 (UTC)
Trading Pairs: LITE/USDT
(3) Price: 0 USDT
(4)Startup Supply : 200,000 LITE
(5) Users purchase using USDT.
(6) Unlock rule: 100% unlock.
(7) 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
(8) 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
(9) 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.
(10) 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.
(11) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behaviour, and any cheating behaviour is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.

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