L7 DEX(LSD) Startup Free Offering on Gate.io

Gate.io Startup will launch its next project, L7 DEX(LSD7), on October 16th, 2023 at 08:00 AM (UTC).

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

Introduction to L7 DEX(LSD7)：

L7 DEX is a decentralized perpetual contract trading platform built on Web3 technology. It fenhances user experience and minimizes transaction costs by leveraging an innovative "peer-to-peer" (PvP-AMM) protocol and trading assistance tools, fostering a highly efficient and equitable trading ecosystem.

(The information below is provided by the L7 DEX(LSD7) team. Please follow the website for more information）

Token Information
Token name: LSD7
Token symbol: LSD7
Max Supply: 210,000,000 LSD7
Token Type: BEP20
Token Contract:
0xcD1B51b87a8a7137D6421bA5A976225187a26777

Token Distribution and Unlocked Rules:
LP Mniing: 80%
Reward according to the block, and halving every six months.

Team: 10%
Lock for 2 years,and release in 3 years.

Airdrop: 5%
TGE unlock 1%, then vesting for 3 years.

Operation: 5%
TGE unlock 1%, then vesting for 3 years.

Website: https://www.l7dex.finance/
Whitepaper: https://goo.su/i4Uh5cn
Token Information:
https://bscscan.com/token/0xcd1b51b87a8a7137d6421ba5a976225187a26777

L7 DEX(LSD7) Startup Sale Rules

(1) Duration: 08:00 AM on October 16th - 08:00 AM on October 17th (UTC), 2023 Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading starts time: 11:00 AM on October 17th (UTC), 2023
(3) Price: $0; Startup Supply: 1,316 LSD7
(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/zh/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.