Vara Network(VARA) Startup Free Offering on Gate.io

Vara Network(VARA)

$0.0818

1.72%

Listing

Source

Gate.io Startup will launch its next project, VaraNetwork (VARA), on January 16th, 2024 at 06:00 AM (UTC).

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

Introduction to VaraNetwork：

The VaraNetwork stands at the forefront of Web3 evolution, providing an environment for developers to craft decentralized applications (dApps). At its core, Vara amalgamates the prowess of the Actor Model and Persistent Memory within its architecture. The Actor Model facilitates secure, asynchronous communication through ‘actors,’ bolstering the network’s security by ensuring state isolation and asynchronous messaging. Concurrently, Persistent Memory revolutionizes data handling by allowing each program’s complete state to reside in dedicated memory spaces, simplifying development and closely emulating real-life operating systems. This innovative combination amplifies network efficiency and security, setting Vara apart as a platform for building next-gen dApps.

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

Token Information
Token name: VARA
Token symbol: VARA
Max Supply: 10,000,000,000 VARA
Token Type: Mainnet
Token Contract: N/A Native Token

Token Distribution and Unlocked Rules:
*Community 35.5%
TGE: 35.5%
As L1, the Vara Network doesn’t have pre-arranged liquidity mining programs with pre-determined vesting schedules

*Team/Founders & Advisors: 20%
TGE: 20%, 12 Months cliff, 36 months linear vesting

*Investors: 21.5%
TGE: 21.5%, 12 Months cliff, 12 months linear vesting

Website: https://vara.network
Whitepaper: https://whitepaper.gear.foundation/
Token Information: N/A Native Token

VaraNetworkStartup Sale Rules

(1) Duration: 06:00 AM on January 16th - 06:00 AM on January 17th (UTC), 2024 Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 10:00 AM on January 17th (UTC), 2024
(3) Price: $0; Startup Supply: 603,218 VARA
(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/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.