Thales(THALES) Startup Free Offering on Gate

This Thales(THALES) 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 Thales(THALES)

Thales market is both an Ethereum protocol and a platform where you can participate in different positional markets with easy to understand derivatives.

With thousands of traders and over 18 million USD in volume across supported chains (Optimism, Arbitrum, Polygon, and BNBChain.Gate has integrated ERC20 and Optimism ), Thales, along with the products built on top of it, are proving to be not only a great alternative or complement to perpetual futures and vanilla options, but also a world on its own full of possibilities for those that value decentralization, innovation, and simple but powerful design.

One of the main advantages of Thales is that given its AMM structure its very easy to understand the risk and reward of a position and is flexible enough to serve as a money lego for several types of markets (or platforms built on top), including crypto-asset prices, sports results, and real-life events.

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

Token Information

Token Name: Thales

Token Symbol: THALES

Max Supply：100,000,000

Token Type: ERC-20 & Optimism

Contract: ERC-20 ：0x8947da500Eb47F82df21143D0C01A29862a8C3c5

Optimism：0x217D47011b23BB961eB6D93cA9945B7501a5BB11

Token distribution ratio and unlocking rules:

SNX stakers 8.75%： Already distributed

Thales Core Contributors 18%： Vesting for 3 years starting Q2 2022

THALES stakers15% ：Ongoing 3-year-long distribution that

started Q4 2021

Strategic Partners 9%：Ongoing 2-year-long distribution that

started Q4 2021

Initial Crowdpooling event 2% : Already distributed

Initial LP rewards 1% : Already distributed

ThalesDAO treasury ：46.25%

Website: https://thalesmarket.io/

WhitePaper ：https://thalesmarket.io/article/whitepaper

Thales(THALES) Startup Sale Rules

(1) Duration: 07:00 AM 17th January, 2023 - 07:00 AM 18th January, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)

(2) Trading Starts Time: 10:00 AM 18th January, 2023 (UTC) Trading Pairs: THALES/USDT

(3) Price: 0 USDT

(4)Startup Supply : 228,571 THALES

(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 1000 shares; the relationship between the VIP level and the maximum contribution allocation is: the maximum number of contributions (not the final actual contribution number) = the square of the VIP level multiplied by 10. For example: VIP2 users can subscribe up to 2 * 2 * 10 = 40 shares VIP3 users can subscribe up to 3 * 3 * 10 = 90 shares

(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.