Gate.io Startup Free Offering: Parex Ecosystem(PRX) and Announcement of Free Distribution Rules (30,000 PRX free of charge)

About Gate.io Startup Free Airdrop ProgramIn order to reward platform users, Gate.io launched the "Startup Project Free Airdrop Program". Free airdrops for excellent blockchain projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens via airdrop benefits.

Gate.io Startup will launch its next project, Parex Ecosystem(PRX), on April 10th, 2023 at 10:00 AM (UTC).

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

Introduction to Parex Ecosystem(PRX)：Parex is a truly decentralized blockchain mining project with a new generation environmentalist and deflationary approach. It supports decentralized structures with its own decentralized exchange and Parex Chain project. Parex encourages the use of blockchain mining and technology without running out of energy resources around the world. Parex offers users a new technology and perspective on classical bitcoin mining. We don't know of any other project in the ecosystem that has its own chain network and can mine a decentralized blockchain.

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

Token InformationToken name: PAREXToken symbol: PRXMax Supply: 77,000,000Token Type: BEP-20 , ERC-20Token Contract:0x90E3414e00E231B962666Bd94ADB811D5bcD0c2a0xADfb28426864c0fF169f5DceAd2EfDd09e0DeEC9Token Distribution and Unlocking Rules:*Parex Token: 100%100% TGE, burn to mintHalving time & mint rate:2021-2022: 140%2022-2023: 68%2023-2024: 35%2024-2025: 21%After 2025: 15%

Website: https://www.parex.market/
Whitepaper: https://parex.market/parexwp.pdfToken Information: https://bscscan.com/token/0x90E3414e00E231B962666Bd94ADB811D5bcD0c2ahttps://etherscan.io/token/0xADfb28426864c0fF169f5DceAd2EfDd09e0DeEC9

PAREX(PRX) Startup Sale Rules(1) Duration: 10:00 AM on April 10th-10:00 AM on April 11st (UTC), 2023(Orders placed by qualified users within these 24 hours will be treated equally.)(2) To participate in the Startup Sale, VIP 0 users need to hold a minimum of 500 USD worth of assets, and will be offered the contribution share at 1/4 of VIP 1 users’ share; For VIP 1 and above, the higher the VIP level the higher the contribution share will be.(3) Price: $0; Startup Supply: 30,000 PRX(4) Purchase limit: The maximum subscription limit is 1500 shares; the detailed Startup subscription details can be found at: https://www.gate.io/article/29892That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behaviour is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.(5) Unlocking Rule: Unlock(6) Users can place orders from 10:00 AM on April 10th-10:00 AM on April 11st(UTC), 2023. Orders placed by qualified users within these 24 hours will be treated equally.(7) 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.(8) Each type of currency can only be purchased once with each KYC account.(9) After 10:00 AM on April 11st (UTC), 2023, 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.(10) Trading starts time: 01:00 PM on April 11st (UTC), 2023

Gate.io Labs Investment Participating DisclosureGate.io Labs didn’t invest in PAREX

Attention(1) Countries not supported: USA, Canada, Malaysia, Singapore, Mainland China, Malta, Cuba, Iran, North Korea, Crimea, Sudan, Syria, Bangladesh, Bolivia.For users from other countries, please check and make sure your participation in the token sale on Startup complies with local laws and regulations.(2) Risk Warning:-The project team does not guarantee that the token price will not be lower than its startup sale price. Please invest with caution, and don't invest beyond your financial capacity.-The start-up project is still in its initial stage, factors including the operation and underlying technology of the project, and other related regulatory activities might contribute to significant risks.-Advanced technical and financial knowledge is required to understand, and evaluate the inherent risks of crypto-asset investment.-The market volatility is high, and the price of a token might fluctuate drastically due to technical, regulatory, and marketing factors.-Users may not be able to withdraw all the purchased tokens due to technical issues of the project or Gate.io.(3) Requirements for participants-The participant should register on Gate.io and Log in;-After logging in, complete user identity verification;-Deposit a certain amount of cryptocurrencies in your gate.io account;-Sign the Purchase Agreement on Startup before placing orders.Gateway to CryptoTrade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io

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Gate.io TeamMarch 28th, 2023