Announcement on Gate Web3 Startup Project Konnect (KCT) and Rules of Participation in Win and Share...

To provide feedback on users’ support for the platform, Gate.io officially launched the “Gate Web3 Startup” on July 3, 2023, and occasionally conducts airdrop plans for blockchain projects. Gate Web3 Wallet users can receive tokens or NFT airdrop benefits by participating in the Web3 Startup.

This project will obtain quota allocation airdrop rewards through lottery, and users connecting to Gate Web3 Wallet can participate in the lottery for free to divide 230,414 KCT. This time, you only need to make sure your EVM-chain assets is more than 100 USD equivalent amount. The chance for winning the airdrop rewards is not 100% in the activity. The higher the current wallet assets, the greater the probability of obtaining an airdrop!

I. How to Participate?

Web:Go to the Gate Web3 Startup interfaceConnect the wallet (if you do not already have the Gate Web3 Wallet, you can download and install the Chrome Extension first and then create the Gate Web3 Wallet)Click on the Web3 homepage navigation bar ‘Launch’ - ‘Startup Airdrop’Select the project icon in the “In Progress” section, click to jump to the details page, and click to participate in subscription.APP:Download/update the Gate.io App (version 5.5.0 and above)Go to the App homepage and switch to Web3 walletCreate or import the Gate Web3 WalletClick on the Web3 homepage ‘Startup’Select the project icon in the “In Progress” section, click to jump to the details page, and participate(Reminder: After transferring to the wallet, it takes approximately 5-10 minutes for on-chain asset confirmation)

II. What is the Current Project of Gate Web3 Startup?

The current Gate Web3 Startup will be launched for Project Konnect (KCT) subscription, which is free and will not deduct user participation funds after completion

Introduction to the Selection Area of the Startup ProjectKonnect (KCT) Project Introduction:The Konnect project aims to build a travel token economy ecosystem by integrating web3 utilities with membership utilities based on web2. It tackles web 3.0's incentive gaps and web 2.0's service limits. Through seamless login, it combines practicality and innovation, overcoming web 2.0's challenges and enhancing user experience.

Konnect's features include curated memberships, savings programs, and DIY options, with added benefits from Konnect NFTs. As the key to unite the world, Konnect harmonizes web 2.0's real-world infrastructure with web 3.0's potential. The Konnect membership project aims to maximize practicality. It has categories such as 1. duty-free shop distribution 2. K-pop 3. medical service 4. tourism 5. communication infrastructure.

Project details at: https://www.gate.io/web3/startup/1022

Basic information of Konnect (KCT) project: (According to the official information disclosure of Konnect, please refer to the official website of Konnect for details)(1) Full English name: Konnect(2) Full Chinese name: N/A(3) Token symbol: KCT(4) Token Contract: 0x4c601dc69AfFb0D4Fc8dE1Ac303705e432A4A27E(5) Token Type: ETH(6) Website: https://konnect-world.com/(7) Whitepaper: https://konnect.finance/wp/en/Konnect_White_Paper_v3.1.pdf

III. Konnect (KCT) Subscription Rules:

(1) Subscription start time: From 06:00 on 08/12/2023 to 06:00 on 13/12/2023 (UTC) (valid orders within 24 hours are treated equally)(2) Subscription price: 0 USDT(3) Total subscription amount: 230,414 KCT(4) Unlock method: 100% unlock(5) Participation conditions for this time: Gate Web3 Wallet EVM chain assets need to be no less than $100 to participate in subscription(6) Purchase limit: Users can only claim once, and the higher the amount of EVM chain funds in the Gate Web3 Wallet, the greater the probability of obtaining an airdrop.

IV. Gate.io Labs Investment Publicity

Gate.io Labs did not participate in Konnect (KCT) investment.

V. Web3 Startup Related Instructions (if there are any changes, the subsequent announcement shall prevail)

(1) Participation conditions: Gate Web3 Wallet EVM chain asset balance ≥ 100 USD equivalent assets can participate in subscription, users can only claim once; The higher the balance of wallet assets, the higher the subscription limit. (EVM chain includes: GateChain, Ethereum, BNB Chain, Arbitrum, Polygon, Optimism, Avalanche, etc.)(2) Adequate amount: Before completing the distribution, users must ensure a sufficient amount of no less than $1 in the Gate Web3 Wallet; Insufficient amounts will automatically be excluded from valid orders.(3) Result announcement: After the end of the day’s subscription, the system will count all eligible subscription orders and extract quota based on probability. The higher the wallet funds, the higher the probability of being drawn. The airdrop token/NFT will be directly distributed to the user’s participating wallet address, and winning users can view the received airdrop rewards in the Gate Web3 Wallet or trading history.(4) Reward distribution: Rewards will be distributed and announced 48 hours after the end of the project. The whitelist or some NFT projects may have issues with extended distribution times. Thanks a lot for your understanding for any inconveniences caused.

VI. Other Precautions

(1) Risk reminder:·The Startup project is a blockchain start-up project that is still in its early stages, and there may be significant risks in the project’s operation, underlying technology, legal and regulatory environment, etc.·Understanding blockchain startups and evaluating their inherent risks requires advanced technical and financial knowledge.·Due to the influence of technology, laws and regulations, market, and other factors, the prices of the projects you participate in may fluctuate sharply, and the prices may significantly decrease or increase.·Due to the underlying technology of the project or the Gate.io trading platform, the project you are participating in may not be able to fully or partially withdraw cash.·Virtual coin or NFT projects have high risks. Virtual coin or NFT prices have high volatility. The project teams have not set up a deposit and do not provide any price commitment or breach guarantee. Please be sure to participate in situations where you fully understand the risks and are able to bear them. The platform strongly reminds you of the risks, but cannot assume any responsibility for investment behavior such as guarantee and compensation.