Joystream(JOY) Startup Free Offering on Gate.io

Gate.io Startup will launch its next project, Joystream(JOYSTREAM), on December 27th, 2023 at 04:00 AM (UTC).

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

Introduction to Joystream(JOYSTREAM)：

Joystream is a L1 blockchain and video platform protocol. It’s the leading video focused Web3 social platform, with cutting edge features like Social Tokens, Video NFTs, a public social graph, built in content storage and content delivery, and very active DAO. Today the project is seeing phenomenal sustained 10% weekly growth in videos and creators through its Creator Partner Program, which rewards creators for synchronizing their content from YouTube to Joystream. The project has received over $13M in VC funding from DCG, Hypersphere, Defi Alliance, OKX and others, and was in 4 years of intensive development before mainnet launch December 2022.

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

Token Information
Token name: Joystream
Token symbol: JOYSTREAM
Max Supply: N/A
Token Type: Joystream
Token Contract:
Mainnet

Token Distribution and Unlocked Rules:
The Joystream blockchain launched on December 9th 2022, so all vesting durations start from this time.

*Community Founding Members: 21.2%
TGE: 8%, 24 months linear vesting

*Jsgenesis Founding Members: 31.4%
TGE: 8%, 24 months linear vesting

*Investors: 32.3%
TGE: 79%, 12 months linear vesting

*Membership Airdrop: 0.2%
TGE: 8%, 24 months linear vesting

*Strategic Partnerships: 3%
TGE: 100%

*Reserved Pool 1: 11.7%
12 months linear vesting

Website: https://www.joystream.org/
Whitepaper: https://www.joystream.org/lightpaper.pdf
Token Information: Mainnet

Joystream(JOYSTREAM)Startup Sale Rules

(1) Duration: 04:00 AM on December 27th - 04:00 AM on December 28th (UTC), 2023 Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 08:00 AM on December 28th (UTC), 2023
(3) Price: $0; Startup Supply: 1,690,822 JOYSTREAM
(4) Unlocking Rule: 100% Unlock
(5) Startup Participation Rules:
Each user can only purchase once with 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 received 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
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
(6) 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.
(7) 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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