HMX(HMX) Startup Free Offering on Gate.io

This HMX 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 HMX

HMX is a decentralized perpetual protocol with a cross-margin and multi-asset collateral support, currently operating on Arbitrum. HMX offers the following unique features to users:
1.Leveraged Trading: Users can open up to 1,000x leveraged long or short positions on many asset classes including Crypto, Forex, and Commodities. HMX also accepts various crypto assets as collateral with cross-margin collateral support, allowing for flexible position and risk management strategies, while offering low fees, on par with centralized exchanges.
2.Leveraged Market Making (HLP Vault): Users can simply deposit assets into the HLP vault to become market makers on HMX. HLP vault is unique because it is built on top of GMX’s GM token. This means that the liquidity deposited into the vault will be used to market make for traders both at GMX AND HMX. Depositors continue to earn 100% of the yields from GMX while also earning additional yields from fees generated on HMX.

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

Token Information
Token Name: HMX
Token Symbol: HMX
Max Supply：10,000,000
Token Type: ERC 20
Contract:
https://arbiscan.io/token/0x83d6c8C06ac276465e4C92E7aC8C23740F435140

Token distribution ratio and unlocking rules:
Community incentive: 40%, vesting in 48 months
Ecosystem Fund: 25.6%, TGE unlocks 5.6%, vesting in 48 months
HLP SURGE: 5%, TGE unlocks 0, linear vesting in 12 months
Liquidity: 8%, TGE unlocks 100%
Private round: 6.4%, TGE unlocks 0, linear vesting in 18 months
Team: 15%, TGE unlocks 0, 6 months cliff period, linear vesting in 42 months

Website: https://hmx.org/arbitrum
WhitePaper ：https://docs.hmx.org/hmx/

HMX (HMX) Startup Sale Rules

(1) Duration: 07:00 AM 11th Feb, 2024 - 07:00 AM 13th Feb, 2024 (UTC)(Orders placed by qualified users within these 48 hours will be treated equally.)
(2) Trading Starts Time: 11:00 AM 13th Feb, 2024 (UTC)
Trading Pairs: HMX/USDT
(3) Price: 0 USDT
(4)Startup Supply : 2,970 HMX
(5) Users purchase using USDT.
(6) Unlock rule: 100% unlock.
(7) Startup Participation Rules:
Each user can only purchase once with a KYC account.
a) Startup Participation Rules for VIP Users:
1.For Airdrop Projects, the system will no longer verify the VIP Users’ assets adequacy, instead, the system will verify the Users’ VIP Level. The actual shares each VIP User receives will be determined based on the actual VIP Level at the time of token distribution.
2.Purchase limit: The maximum contribution limit for a single user is 1500 shares. The VIP Users’ existing subscription share rules remain unchanged and can get 100% airdrops. The higher the VIP level, the more Startup airdrop shares can be subscribed.
The relationship between the VIP level and the maximum contribution allocation, please refer to the link: https://www.gate.io/article/29892
The actual share per user will receive is calculated according to the VIP Level at the time of subscription, and it’s necessary to ensure that the VIP Level of the account shall not downgrade from the VIP Level at the time of subscription before receiving the tokens.
b) Startup Participation Rules for Non-VIP Users (VIP 0 Users):
Spot assets not less than 10 USD, after participating in the subscription, whether the Non-VIP Users win or not will be announced at the end of the project subscription.
A portion of lucky Non-VIP Users will be randomly selected and the airdrop amount will be evenly distributed.
Non-VIP users who use Startup vouchers to join the subscription will have their Voucher benefits prioritized. Startup vouchers guarantee a 100% corresponding share. The specific subscription rules can be found at https://www.gate.io/article/31899.
(8) Announcement of results: After the end of the day’s subscription, the system will count all eligible subscription orders.
VIP users will be distributed according to the ratio of the individually subscripted tokens to the total subscripted tokens.
Non-VIP users will be randomly selected as part of the lucky Non-VIP users and the airdrop quota will be distributed equally. The subscription results will be announced before listing.
(9) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behavior is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.

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