Umee(UMEE) Startup Free Offering on Gate.io
UmeeThis Umee(UMEE) 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 Umee(UMEE)
Umee is a cross chain DeFi hub that interconnects between blockchains.
As a base layer blockchain, applications and money lego primitives can be built on top of Umee to access cross chain leverage and liquidity. The Umee Blockchain facilitates interoperability for a Tendermint Proof of Stake protocol with the Cosmos ecosystem, Ethereum network, side chain architectures, layer two scaling solutions, and alternative base layer protocols.
Umee is set to act as a cross-chain DeFi hub, connecting various ecosystems together and developing novel financial products on top. Umee incorporates tools such as layer 2 scaling solutions, side chain architectures, tools from the roll-ups ecosystem as well as alternative base layer protocols for connecting between blockchain networks. Within our DeFi Hub, we have been experimenting with interest rate instruments and other new financial primitives that will act as foundational infrastructure for the evolving crypto world.
(The information below is provided by the Umee(UMEE) team. Please follow Umee(UMEE) for more information）
Token name: Umee
Token symbol: UMEE
Max Supply：10,000,000,000
Token Type: Cosmos SDK and ERC-20
Contract: TBA
Token distribution ratio and unlocking rules:
- Team: 15% 6 month cliff (no vesting) 30 month linear unlock
- Umee Labs: 10% 12 month cliff (no vesting) 84 month linear unlock
- Advisor: 1% 6 month cliff (no vesting) 30 month linear unlock
- Private investors: 13% 6 month cliff (no vesting) 18 month linear unlock
- Private investors: 1% 6 month cliff (no vesting) 6 month linear unlock
- Community: 46% 72 month vesting
- Ecosystem Dao: 9% 96 month vesting
- Coinlist: 5% 10 month vesting and 8 month vesting
Website:https://umee.cc
WhitePaper ：https://drive.google.com/file/d/1RB_GrtxsucgOM12vVBtpdj43rINZfSsx/view?usp=sharing
Umee Startup Sale Rules
(1) Duration: 11:00 PM 14th February, 2022 - 11:00 PM 15th February, 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 01:00 AM 16th February, 2022 (UTC)
Trading pairs: UMEE/USDT
(3) Price: 0 USDT (Initial Launch Price: $0.1)
(4)Startup Supply : 400,000 UMEE
(5) Users purchase using USDT.
(6) Unlock rule: 100% unlock.
(7) To participate in Startup Sale, users will need to be VIP1 and above,can only purchase once with each 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 * 2 * 10 = 40 shares
VIP3 users can subscribe up to 3 * 3 * 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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