Orders.Exchange(RDEX) Startup Free Offering on Gate.io

$0.0295

2.67%

Listing

This Orders.Exchange(RDEX) Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of event.

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

Introduction to Orders.Exchange(RDEX)

Orders is the first decentralized exchange (DEX) with orderbooks that fully operates on the Bitcoin network. It harnesses the full potential of Bitcoin’s Layer 1 capabilities, powered by a combination of Ordinals protocol, PSBT technology, Bitcoin scripts, and the revolutionary Nostr protocol.

(The information below is provided by the Orders.Exchange(RDEX) team. Please follow Orders.Exchange(RDEX) for more information）

Token Information
Token Name: Orders.Exchange
Token Symbol: RDEX
Max Supply：100,000,000
Token Type: BRC-20
Contract: https://unisat.io/brc20/RDEX

Token distribution ratio and unlocking rules:
Liquidity&Liquidity Rewards: 45%
Airdrop: 40%
Early Contributors: 10%
CEX&Orders Liquidity: 4%
Initial RDEX Liquidity Pool: 1%

RDEX liquidity rewards will be distributed linearly over the next two years, at a steady rate of 62,500 tokens per day. Contributors to the liquidity pool will share these rewards in proportion to the value of their holdings at the time a corresponding BID order is filled. Notably, fees generated from BID orders will be used to repurchase and burn all RDEX listed on Orders.Exchange, with this process repeating every 48 blocks. Additionally, the portion allocated to early contributors will also be released linearly over 24 months.

Website: https://www.orders.exchange/
WhitePaper ：https://orders-exchange.gitbook.io/orders/overview/what-is-orders

Orders.Exchange(RDEX) Startup Sale Rules

(1) Duration: 08:00am 20th December, 2023 - 08:00am 21st December, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 12:00pm 21st December, 2023 (UTC)
Trading Pairs: RDEX/USDT
(3) Price: 0 USDT
(4)Startup Supply : 193,548.387 RDEX
(5) Unlock rule: 100% unlock.
(6) Startup Participation Rules:
Each user can only purchase once with a KYC account.
a) Startup Participation Rules for VIP Users:
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.
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.
(7) 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.
(8) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behavior is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.