Qitchain Network(QTC) Startup Free Offering on Gate.io

Gate.io Startup will launch its next project, Qitchain Network (QTC), on February 23rd, 2022 at 06:00 AM(UTC).

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

Introduction to Qitchain Network (QTC)

Perform effective storage and search on the distributed blockchain network, develop and upgrade the protocol layer at the bottom of secure payment, form smart contracts suitable for ecological construction, and provide more blockchain projects, such as NFT, Meta universe, etc. Provide efficient and secure storage and search services, becoming a blockchain Google.

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

Token Information
Token name: QITCOIN
Token symbol: QTC
Max Supply: 105,000,000 QTC
Token Type: Native Token
Token Contract: N/A
Token Distribution and Unlocking Rules:

• Foundation: 5%. Long-term community construction, management, and other expenses lifted on January 1 every year beginning in 2022 for a total of five years.
• Search Lab: 15%. Research and development (R&D) expenses gradually lifted over five years Lift-off completion upon Qitchain becoming open-source on GitHub.
• Miners: 80%. Storage miners and POS pledge TOP10 jointly obtain block rewards. 20% of the mining rewards obtained by miners are released at one time, and 80% of rewards are linear released over 180 days.

Website: https://qitchain.net/
Whitepaper: https://qitchain.net/upload/QTC_Whitepaper_V2.0.0.pdf
Token Information: N/A

Qitchain Network Startup Sale Rules

(1) Duration: 06:00 AM on February 23rd—06:00 AM on February 24th(UTC), 2022 (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) To participate in the Startup Sale, users will need to be VIP1 and above.
(3) Price: $0; Market Price(Reference): $11.31; Startup Supply: 8,000 QTC
(4) Purchase limit: The maximum subscription limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subscription allocation is:
the maximum number of subscriptions (not the final actual subscription 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
(5) Unlocking Rule: Unlock
(6) Users place orders using USDT.
(7) Users can place orders from 6:00 AM on February 23rd—06:00 AM on February 24th(UTC), 2022. Orders placed by qualified users within these 24 hours will be treated equally.
(8) 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.
(9) Each type of currency can only be purchased once with each KYC account.
(10) After 06:00 AM(UTC) on February 24th, 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.
(11) Trading starts time: 10:00 AM(UTC) on February 24th, 2022

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