SubDAO(GOV) Startup Free Offering on Gate.io

This SubDAO Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of the event.

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

Introduction to SubDAO(GOV)

SubDAO is a DAO protocol that helps manage digital assets through multi-signature, voting and other decentralized features. It allows any decentralized organization to swiftly create and manage DAOs. SubDAO has completed multi-million dollars financing from dozens of institutions including Messari founder Ryan Selkis, Hypersphere Ventures, OKX Ventures, Huobi Ventures, CMS Holdings, Divergence Ventures, FBG, Signum Capital, NGC Ventures, Kenetic Capital, Gate.io Labs, etc.

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

Token Information
Token Name: SubDAO
Token Symbol: GOV
Max Supply：1,000,000,000
Token Type: ERC-20
Contract: https://etherscan.io/address/0x274e7eb07b485cfde53d02270555213447570ac6
Token distribution ratio and unlocking rules:
- Gamefied Governance Mining 27%: Reserved for mining.
- Para-chain 30%: 10% is reserved for parachain and 20% is to be burned.
- Airdrop 3%: Reserved for airdrop.
- Team 10%: Beginning from the third month after TGE, the release will be completed in 2 years.
- Ecosystem Foundation 10%: Unlocked quarterly within a year from TGE.
- Token sale 20%:
Part1 5% - TGE 20%, and the rest will be released quarterly within a year
Part2 10% - TGE 30%, and the rest will be released quarterly within a year
Part3 5% - TGE 50%, and the rest will be released 3 month later

Website: https://www.subdao.network
Whitepaper: https://drive.google.com/file/d/1o6ynNvhTOaGoojhbtDyyxJFmON7Zlh9R/view

SubDAO Startup Sale Rules

(1) Duration: 06:00 AM December 1st, 2022 - 06:00 AM December 2nd, 2022 (UTC) (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 09:00 AM December 2nd, 2022 (UTC)
Trading Pairs: GOV/USDT
(3) Price: 0 USDT
(4)Startup Supply : 1,000,000 GOV
(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.