Archway(ARCH) Startup Free Offering on Gate.io

Gate.io will launch its next Startup, Archway (ARCH), on September 26th, 2023 at 9:00 AM (UTC).

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

Introduction to Archway (ARCH)：
Archway is a layer 1 blockchain that enables developers to capture the value they bring to the network. Archway is fostering an ecosystem that puts developers first, by enabling developers to earn revenue based on the transaction volume they create on the network.

The protocol provides developers a variety of tools to quickly build and deploy scalable dapps, and start benefiting from their usage immediately. Archway’s overarching goal is to cultivate an array of diverse and self-sustaining applications by providing developers a way to grow alongside the protocol.

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

Token Information
Token name: Archway
Token symbol: ARCH
Initial Supply: 1,000,000,000 ARCH
Token Type: Archway Mainnet
Token Contract:
N/A Archway Mainnet

Token Distribution and Unlocked Rules:
Ecosystem Grant 27%
Grants supporting builders and contributors across the community

Private Sales 14.5%
Cliff for 1 year, Vesting over 48 months

Foundation 17.5%
For foundation operations, early liquidity support, community incentives and programs

Phi Labs10%
Cliff for 1 year, Vesting over 48 months

Community Pool 10%
Funding for dapps, deploying liquidity, sponsoring community-organized events etc.

Core Contribution 10%
Cliff for 1 year, Vesting over 48 months

Airdrop 5%
Funds to encourage and reward contributing and interacting with the protocol

Community for sale 2.5%
Cliff for 40 days, Vesting over 8 months

Early Support 3%
Cliff for 1 year, Vesting over 48 months

Testnets/Hackathons 0.5%
Cliff for 1 year

Website: https://archway.io/
Whitepaper: https://archway.io/whitepapers
Token Information:
N/A Archway Mainnet

Archway (ARCH) Startup Sale Rules

(1) Duration: 9:00 AM on September 26th - 9:00 AM on September 27th (UTC), 2023 Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 12:00 PM on September 27th (UTC), 2023
(3) Price: $0; Startup Supply: 166,667 ARCH
(4) Unlocking Rule: 100% Unlock
(5) Startup Participation Rules:
Each user can only purchase once with 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 received 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/zh/article/31899
(6) 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.
(7) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behaviour, and any cheating behaviour is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.