LABEL Foundation(LBL) Startup Free Offering on Gate.io

Gate.io Startup will launch its next project, LABEL Foundation(LBL) , on July 21st 2022 at 06:00 AM (UTC).

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

Introduction to LABEL Foundation(LBL)

LABEL is an unparalleled NFT infrastructure built on top of Ethereum Network and BNB Chain, powered by LBL utility and governance token with a unified goal to establish a fair profit-sharing ecosystem with the permissionless integration of IP rights. LABEL provides a decentralized P2P incubating platform to invest in world-class entertainment-education content through the DAO voting system to further allow contributors to claim profits through the NFT shareholding mechanism.

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

Token Information
Token name: LABEL Foundation
Token symbol: LBL
Max Supply: 3,000,000,000 LBL
Token Type: BEP-20, ERC-20
Token Contract:
ETH:0x2162f572B25f7358db9376AB58a947a4e45CeDE1
BSC:0x77edFaE59a7948d66E9911A30cC787d2172343d4
Token Distribution and Unlocking Rules:
*Seed Round:6.67%
TGE: 10%, 45% vested over 6 months linearly since TGE；55% will be locked-up until June in 2024 and will be vested linearly for 12 months
*Strategic Round:6.67%
TGE: 10%, 50% vested over 6 months linearly since TGE ；50% will be locked-up until June in 2024 and will be vested linearly for 12 months
*Private Round:5.00%
TGE: 15%, 55% vested over 6 months linearly since TGE；45% will be locked-up until June in 2024 and will be vested linearly for 12 months,
*Public Round:1.66%
TGE: 40%, 60% linear vesting over 3 months
*Development:25%
TGE 1: 4%, then linear vesting over 48 months
*Marketing:25%
TGE: 2% ，TGE 1：6%；then linear vesting over 46 months
*Ecosystem:15%
TGE 1：6.67% ，TGE 2：4.45%；then linear vesting over 40 months
*Reserve:7%
TGE：4.75% , TGE 1：14.3% , TGE 2/TGE 3： 4.75%；then linear vesting over 30 months
*Team:5%
1 year cliff, release 8.33% every 2 months for 2 years
*Advisor:3%
1 year cliff, release quarterly by 25% for 1 year.

Website: https://label.foundation/
Whitepaper: https://label-foundation.gitbook.io/label-whitepaper-en/
Token Information: https://etherscan.io/token/0x2162f572b25f7358db9376ab58a947a4e45cede1
https://bscscan.com/token/0x77edfae59a7948d66e9911a30cc787d2172343d4

LABEL Foundation(LBL) Startup Sale Rules

(1) Duration: 06:00 AM on July 21st-06:00 AM on July 22nd (UTC), 2022 (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) To participate in the Startup Sale, users will need to be VIP0 and above.
(3) Price: $0; Startup Supply: 10,488,117 LBL
(4) Purchase limit: The maximum subscription limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subscription allocation is:
the maximum number of subscriptions (not the final actual subscription number) = the square of the VIP level multiplied by 10.
For example:
VIP1 users can subscribe up to 1 * 1 * 10 = 10 shares
VIP2 users can subscribe up to 2 * 2 * 10 = 40 shares
VIP3 users can subscribe up to 3 * 3 * 10 = 90 shares
(5) Unlocking Rule: Unlock
(6) Users place orders using USDT.
(7) Users can place orders from 06:00 AM on July 21st-06:00 AM on July 22nd (UTC), 2022. Orders placed by qualified users within these 2 hours will be treated equally.
(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) Each type of currency can only be purchased once with each KYC account.
(10) After 06:00 AM on July 22nd(UTC), 2022, 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.
(11) Trading starts time: 10:00 AM(UTC) on July 22nd, 2022

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