Reel Token(REELT) Startup Free Offering on Gate.io
This ReelToken(REELT) Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of event.
Startup Link: https://www.gateio.io/startup
Introduction to ReelToken(REELT)
REELT is currently using the POLYGON (MATIC) which allows individuals with ReelToken to efficiently, cost effectively, safely and securely hold REELT, exchange them for either Fiat or other Cryptocurrencies & use REELT for discounted goods and services within the Reel Star App.
(The information below is provided by the ReelToken(REELT) team. Please follow ReelToken(REELT) for more information）
Token Name: ReelToken
Token Symbol: REELT
Max Supply：15,000,000,000 REELT
Token distribution ratio and unlocking rules:
Seed Sale: 0.383% - 100% release on TGE for < $10,000USDT, otherwise 20% Released on TGE, 1 month cliff, 4 months vesting, 20% monthly
Private Sale: 3.267% - 0% release on TGE, 3 months cliff, 12 months linear vesting on monthly basis
ITO Sale 1: 0.164% - 100% release on TGE for < $10,000USDT, otherwise 20% Released on TGE, 1 month vesting, 4 months vesting, 20% monthly
ITO Sale 2: 0.073% - 100% release on TGE for < $10,000USDT, otherwise 20% Released on TGE, 1 month’s cliff, 4 months vesting, 20% monthly
Public Sale (IEO): 0.5% - 100% release on TGE
Governance Foundation: 5% - 0% release on TGE, 60 months linear vesting on monthly basis
Governance Nodes (Liquidity): 20% - 1% release on TGE, 120 months linear vesting on monthly basis
Founders: 15% - 0% release on TGE, 12 months cliff, 36 months linear vesting on monthly basis
Advisors: 2% - 0% release on TGE, 12 months cliff, 10 months linear vesting on monthly basis
Marketing: 2% - 0% release on TGE, 12 months cliff, 10 months linear vesting on monthly basis
Developers: 0.9% - 0% release on TGE, 60months linear vesting on monthly basis.
Game incentives: 0.1% - 0% release on TGE, \60 months linear vesting on monthly basis
Future Release: 50.613% - 0% release on TGE, size and timeline of utilization will depend upon needs and initiatives on reelstar app (60 months vesting)
WhitePaper ： https://www.reelcrypto.io/wp-content/themes/reel-token/documents/ReelToken%20-%20Whitepaper_V3.01_V4.pdf
ReelToken(REELT) Startup Sale Rules
(1) Duration: 5:30am 22nd Mar, 2023 - 5:30am 23rd Mar, 2023 (UTC) (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 8:30am 23th Mar, 2023 (UTC)
Trading Pairs: REELT/USDT
(3) Price: 0 USDT
(4)Startup Supply :571,429 REELT
(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 1500 shares; the relationship between the VIP level and the maximum contribution allocation,please refer to the link:https://www.gate.io/article/29892
(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.
（11）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.