Thala(THL) Startup Free Offering on Gate.io

This Thala (THL) Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of the event.

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

Introduction to Thala (THL)

Thala is a DeFi Hyper App and Liquidity Engine on Aptos that offers four vertically integrated products: an overcollateralized stablecoin, AMM, dual-token LSD, and token launchpad. Thala raised $6m from leading VCs to lead the Aptos DeFi ecosystem. Thala’s governance token THL can be locked into veTHL to vote on protocol updates as well as used for launchpad participation.

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

Token Information
Token Name: Thala
Token Symbol: THL
Max Supply：100,000,000
Token Type: Aptos
Contract:
0x7fd500c11216f0fe3095d0c4b8aa4d64a4e2e04f83758462f2b127255643615

Token distribution ratio and unlocking rules:
Contributors & Advisors: 20%
-20,000,000 THL is allocated to the current and future core contributors, community contributors, and advisors of the Thala protocol.
Investors: 20%
-20,000,000 THL is allocated to Thala’s investors who supported the protocol in its infancy. This includes Thala’s recent seed round and future raises.
Treasury: 15%
-15,000,000 THL is allocated to the reserves for future treasury swaps and other key actions necessary for the protocol’s success, dictated by governance. 20% is unlocked from TGE, with a linear vesting schedule of 5 years.
Community: 35%
-35,000,000 THL is allocated to incentivize usage of the CDP and AMM, among other future products.
Token Generation Event (TGE): 10%
-10,000,000 THL will be available as part of the genesis circulating supply.

Website: https://www.thala.fi/
WhitePaper：https://docs.thala.fi/thala-protocol-design/

Thala (THL) Startup Sale Rules

(1) Duration: 02:00 PM Dec 24th, 2023 - 03:00 AM Dec 25th, 2023 (UTC)(Orders placed by qualified users within these 13 hours will be treated equally.)
(2) Trading Starts Time: 07:00 AM Dec 25th, 2023 (UTC)
Trading Pairs: THL/USDT
(3) Price: 0 USDT
(4)Startup Supply : 20,547 THL
(5) Users purchase using USDT
(6) Unlock rule: 100% unlock.
(7) Startup Participation Rules:
Each user can only purchase once with a 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 receives 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.
(8) 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.
(9) 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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