KLAP Finance(KLAP) Startup Free Offering on Gate.io

$0.00008651

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

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

Introduction to KLAP Finance Token (KLAP)

KLAP (Klaytn Lending Application) is the biggest money market on Klaytn, with over $100M TVL since the first day of launching. Incubated by Krust (investment entity of Klaytn), Manifold, and ROK, KLAP has solidified a strong lineup of strategic investors and partners needed to make the protocol in line for success. KLAP has incorporated some of the most modern innovations in DeFi architecture and tokenomics designs.

(The information below is provided by the KLAP Finance Token (KLAP) team. Please follow KLAP
Finance Token (KLAP) for more information）

Token Information
Token Name: KLAP Finance Token
Token Symbol:KLAP
Max Supply：1,000,000,000
Token Type: KIP-7
Contract: KIP-7: 0xd109065ee17E2dC20b3472a4d4fB5907BD687D09
Token distribution ratio and unlocking rules: *epoch=2 Weeks
25% given out as rewards for using the protocol (lending/borrowing) . This will be released via a geometric decay function. The first "epoch" of 2 weeks will release.2.5% of the total supply. Each epoch, the emission will decrease by 10%.
10% to Pool 2 (KLAP/KLAY). Geometric decay function. First epoch 1%, each epoch decreases emissions by 10%.
15% to Ve stakers - Variable unlock. Released based on lock time and supply being locked.
5% for Early Incentives - Unlocked at launch excluding Liquidity Drop. Early Incentives include rewards for pre-mining and potentially a lockdrop to distribute the KLAP token at launch.
9% Treasury - Unlocked via community votes (KLAP holders). Controlled by the protocol DAO in the future - initially, some of the treasury KLAP will be used for protocol owned KLAP/KLAY liquidity to seed the pool.
1% Community - Variable unlock. Token rewards for early community members and small events to reward loyal Klappers
10% Krust/Klaytn - 6 month cliff, 24 months linear unlock. The protocol will receive KLAY investment, which will be used as liquidity rewards to further incentivize lending/borrowing and Pool 2.
12.5% Devs - 6 month cliff, 24 months linear unlock
7.5% Investors - 6 month cliff, 24 months linear unlock
5% Advisors - 6 month cliff, 24 months linear unlock, For bridges, liquidity partnerships, etc

Website: https://klap.finance
WhitePaper ：https://docs.klap.finance

KLAP Finance Token (KLAP) Startup Sale Rules

(1) Duration: 11:00pm 27th July, 2022 - 11:00pm 28th July, 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 02:00am 29th July, 2022 (UTC)
Trading Pairs: KLAP/USDT
(3) Price: 0 USDT
(4)Startup Supply : 1,333,333 KLAP
(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.