Colend(CLND) Startup Free Offering on Gate.io

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Gate.io has launched the "Startup Project Free Airdrop Program" in order to reward users. Free airdrops for potential blockchain projects will be launched in Startup from time to time, where users can get a variety of tokens via airdrop benefits.

User's participation funds will not be deducted for Startup project Colend(CLND)free airdrop.

1.How to Participate:

Step 1: Login to your Gate.io account(Complete KYC2 verification)

Step 2: Hold no less than 10 USD of spot asset

Step 3: Click "$0 Free to Claim"

2.Colend(CLND) Startup Participation Rules

Duration: 09:00 AM on November 7th - 09:00 AM on November 8th (UTC), 2024 (Orders placed by qualified users within the subscription period will be treated equally.)

Trading starts time: 01:00 PM on November 8th (UTC), 2024 (Trading pair: CLND/USDT)

Fundraising Goal: $80.000 USDT

Startup Supply: 533.333 CLND

Unlocking Rule: 100% Unlock

Participation Requirements: Complete KYC2 verification and the value of spot asset balance held is not less than 10 USD.

Startup Participation Rules:

(1) The higher the VIP level, the more Startup airdrop shares can be claimed. Each user can receive up to 8.000 shares. For specific information about available shares, please refer to: https://www.gate.io/announcements/article/37836

(2) Non-VIP Users can join the lucky draw of free airdrop by holding no less than 10 USD of spot assets, 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.

(3) The user's VIP level will be checked when the tokens are distributed. The actual share per user will receive is calculated according to the VIP Level when distribution happens.

(4)Announcement of results: After the subscription ends, the system will count all eligible subscription order and distribute the project tokens accordingly. Tokens for VIP users will be distributed according to the ratio of their valid subscription amount to the total valid subscription amount, while Non-VIP users will have a portion of lucky users randomly selected to evenly distribute the airdrop quota. The subscription results will be announced before listing.

Note: 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.

Learn more about the rules for available shares of different VIP levels: https://www.gate.io/announcements/article/37836

Check participation tutorial: https://www.gate.io/help/guide/functional_guidelines/22401/how-to-participate-in-startup

3.Project Information (The information below is provided by the Colend(CLND) team. Please follow the website for more information)

(1)Introduction：

Colend is the premier decentralized lending protocol on Core Chain, the fastest-growing BTC sidechain. BTCFi is transforming Bitcoin into a productive asset, allowing holders to earn yield through lending and staking while supporting Bitcoin's long-term security. With the BTCFi market representing less than 1% of the total crypto market cap, there is vast potential for growth.Colend innovates by its unique ve(3.3) governance model, giving users substantial influence over reward distribution.

More details:

(2)Token name: Colend

(3)Token symbol: CLND

(4)Max Supply: 100.000.000

(5)Token Type: ERC-20 (Core)

(6)Token Contract: https://scan.coredao.org/address/0x30a540b05468a250fcc17da2d9d4aaa84b358ea7

(7)Token Distribution and Unlocked Rules:

Liquidity Mining 50.00%: TGE unlock 0%, cliff 1 month, vesting 36 months

Community Growth 14.00%: TGE unlock 0%, cliff 1 month, vesting 6 months

LP 2.00%: TGE unlock 100%, no cliff, no vesting

Ecosystem Fund 10.00%: TGE unlock 0%, no cliff, no vesting

IDO 5.00%: TGE unlock 0%, cliff 4 months