Ferro(FER) Startup Free Offering on Gate.io

This Ferro (FER) 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 Ferro (FER)

Ferror is the largest stableswap AMM protocol on Cronos, with deep liquidity that aims to provide safe and efficient tradings of pegged assets.

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

Token Information
Token Name: Ferro
Token Symbol: FER
Max Supply：5,000,000,000
Token Type: CRC20
Contract:
CRC20: 0x39bC1e38c842C60775Ce37566D03B41A7A66C782
Token distribution ratio and unlocking rules:
Team: 14.5% - 0% Released on TGE, 24m linear vesting on a monthly basis
Public Launch: 0.5% - 10% immediate unlock; 90% monthly vesting at 10% a month
Ecosystem Reserve: 35% - Unlocked upon Token Generation Event, but size and timeline of utilization will depend upon needs and initiatives
Operations & Partnerships Reserve: 20% - Unlocked upon Token Generation Event, but size and timeline of utilization will depend upon needs and initiatives
Incentives & Liquidity Management: 30% - Unlocked upon Token Generation Event, but size and timeline of utilization will depend upon needs and initiatives

Website: https://ferroprotocol.com/
WhitePaper ：https://docs.ferroprotocol.com/essentials/whitepaper

Ferro (FER) Startup Sale Rules

(1) Duration: 05:00 am 14th Feb, 2023 - 05:00 am 15th Feb, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 08:00 am 15th Feb, 2023 (UTC)
Trading Pairs: FER/USDT
(3) Price: 0 USDT
(4)Startup Supply : 3,193,747.4 FER
(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 1000 shares; the relationship between the VIP level and the maximum contribution allocation is:
the maximum number of contributions (not the final actual contribution number) = the square of the VIP level multiplied by 10. For example:
VIP2 users can subscribe up to 2 x 2 x 10 = 40 shares
VIP3 users can subscribe up to 3 x 3 x 10 = 90 shares
(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.

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