Lena(LENA) Startup Free Offering on Gate.io

This MicroChains (MCG) 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 MicroChains (MCG)

MicroChains is an emerging chains friendly bridge that aiming to deliver cross-chain solutions with better security and smoother experience.

(The information below is provided by the MicroChains (MCG) team. Please follow MicroChains (MCG) for more information）

Token Information
Token Name: MicroChains Gov Token
Token Symbol: MCG
Max Supply：100,000,000
Token Type: ERC-20
Contract: 0x9cCf191169A613Eca433a249d3F40131178CAeBc
Token distribution ratio and unlocking rules:
Investors: Seed round. 8% for early-stage team building, R&D, auditing, office and future operations and other expenses.
It’s unlocked over 18 months. 9.9% unlocked in the first month and the rest will vest equally every month in next 17 months;
Validator Incentives: 3.5%. 4-month cliff starting from 1st month, vesting 12% in the 5th month, then followed by a 11-month equal monthly vesting.
Public: 1% 50% at TGE，and 50% 2nd Month
Liquidity: 1% for adding liquidity in DEX after token issuance. Fully liquid after the launch of cross-chain incentive (TBD).
Marketing: 7 % for marketing and publicity.
It will be unlocked in 12 months, 28% unlocked in the first month, 8% unlocked per month in the next 7 months, and the rest unlocked over the last 4 months, 4% in each month.
Cross-chain Mining: 25 %.
It is unlocked linearly over 25 months, 16% in the first month; halved in the 2nd to 4th months, 8% in each month; second halving in the 5th to 13th months, 4% in each month; and third halving in the 14th to 25th months, 2% in each month. The incentive may not be used up every month, and it may accumulate. It depends on if there is an incentive scenario. The actual usage situation will be regularly public in community.
Liquidity Mining: 25%.
It is linearly unlocked over 25 months, and 4 % unlocked every month. The incentive may not be used up every month, and it may accumulate. It depends on if there is an incentive scenario. The actual usage situation will be regularly public in community.
Staking: 5%.
Encouraging users to stake MCG and get incentives. The unlock plan is the same as Cross-chain Mining.
LP Rewards: 1.5%.
Incentives for LPs of DEX. The unlock plan is the same as Cross-chain Mining.
Airdrops: 1%.
Airdrops for early adopters "Microers". Fully liquid first month (TBD). Rules to be determined later.
Liquidity Management: 2%.
Liquidity management on centralized exchanges. Fully liquid 1st month.
Treasury: 10% reservation for future ecological construction and project development needs. It is unlocked 12% in the first month and the rest is equally vested over 11 months.
Team & Advisors: 10%.
6-month cliff starting from 1st month, vesting 8% 7th month, followed by 19-month equal monthly vesting.

Website: https://microchains.network/
WhitePaper ：https://microchains.network/whitepaper.pdf

MicroChains (MCG) Startup Sale Rules

(1) Duration: 10:00 am 1st August, 2022 - 10:00 am 2nd August, 2022 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 12:00 pm 2nd August, 2022 (UTC)
Trading Pairs: MCG/USDT
(3) Price: 0 USDT
(4)Startup Supply : 800,000 MCG
(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.