Verida(VDA) Startup Free Offering on Gate.io

About Gate.io Startup Free Airdrop Program

In order to reward platform users, Gate.io launched the "Startup Project Free Airdrop Program". Free airdrops for excellent blockchain projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens via airdrop benefits.

Gate.io Startup will launch its next project, Verida(VDA), on May 14th, 2024 at 08:00 AM (UTC).

Startup Link: https://www.gate.io/startup/1484

Introduction to Verida(VDA)：

Verida is the world's first private self-sovereign database DePIN for Web3.

The Verida Network provides secure and private database storage for users to own and control their private data.

The Verida Wallet is a leading mobile wallet that supports zk proofs, crypto, identity, data storage and encrypted messaging.

The Verida Network is specifically designed to enable fast commits, advanced security and built-in unlimited scalability.

Verida allows users to control their data, freeing it from centralized platforms and enabling cross-platform, multi-chain access.

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

Token Information

1. Token name: Verida
2. Token symbol: VDA
3. Max Supply: 1.000.000.000 VDA
4. Token Type: Polygon
5. Token Contract: 0x683565196C3EAb450003C964D4bad1fd3068D4cC
6. Token Distribution and Unlocked Rules:

*Verida DAO: 20%

1 Month cliff, linear vesting over 48 Months

*Network Growth Rewards: 20%

1 Month cliff, linear vesting over 48 Months

*Community Reserve: 15.4%

1 Month cliff, linear vesting over 48 Months

*Storage Credits: 3.5%

TGE:17%, linear vesting over 1 Month

*Core Team / Project Development: 20%

1 Month cliff, linear vesting over 48 Months

*Foundational Supporters: 15.1%

1 Month cliff, linear vesting over 24 Months

*Token Launch & Liquidity: 6%

TGE:30%, linear vesting over 4 Months

Website: https://www.verida.network

Whitepaper: https://www.verida.network/whitepaper

Token Information:

https://polygonscan.com/token/0x683565196C3EAb450003C964D4bad1fd3068D4cC

Verida(VDA)Startup Sale Rules

(1) Duration: 08:00 AM on May 14th - 08:00 AM on May 16th (UTC), 2024 Orders placed by qualified users within these 48 hours will be treated equally.)

(2) Trading starts time: 12:00 AM on May 16th (UTC), 2024

(3) Price: $0; Startup Supply: 600.000 VDA

(4) Unlocking Rule: 100% Unlock

(6) Startup Participation Rules:

Each user can only purchase once with a KYC account.

a) Startup Participation Rules for VIP Users:

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.

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

The actual share per user will receive is calculated according to the VIP Level at the time of subscription, and it's necessary to ensure that the VIP Level of the account shall not downgrade from the VIP Level at the time of subscription before receiving the tokens.

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.

(7) 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.

(8) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behavior is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.

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