ALEX Lab(ALEX) Startup Free Offering on Gate.io

This Alex Lab(ALEX) 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 AlexLab(ALEX)

ALEX was founded in early 2021, with testnet launch in Oct 2021 and mainnet launch in Jan 2022.
ALEX targets the Bitcoin economy and when DeFi is possible on Bitcoin, we believe the Bitcoin DeFi (or BitFi) economy can be twice as large as the Ethereum DeFi economy. What Bitcoin needs for this to be possible is a smart contract layer, which allows building of these DeFi protocols secured by Bitcoin. Stacks blockchain is one such smart contract layer and we are the biggest DeFi on Stacks, with more than half of the total TVL and the biggest trading volume. Working together with Stacks Foundation, we continue integrating with Bitcoin to bring better user experience based on the security of Bitcoin.

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

Token Information
Token Name: ALEX
Token Symbol: ALEX
Max Supply：1,000,000,000
Token Type: SIP-010
Contract: https://explorer.stacks.co/txid/0x460353087a14a6570647ef3892e3e888b2384b74b5b695c852230a49180816ea?chain=mainnet

Token distribution ratio and unlocking rules:
Community (Staking Rewards): 50%
Team, Advisors and Investors: 30%
ALEX Lab Foundation: 19%
Private Sales: 1%

Website: https://www.alexlab.co/
WhitePaper：https://docs.alexgo.io/

AlexLab(ALEX) Startup Sale Rules

(1) Duration: 9:00 AM 16th April, 2023 - 9:00 AM 17th April, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: estimated 17th April, 2023 (UTC)
Trading Pairs: ALEX/USDT
(3) Price: 0 USDT
(4)Startup Supply : 974,007 ALEX
(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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