Turbos(TURBOS) Startup Free Offering on Gate.io
TurbosThis Turbos(TURBOS) 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 Turbos
Turbos Finance is a non-custodial DEX on Sui with horizontal scalability and digital asset ownership. Invested by Jump Crypto and Mysten Labs, Turbos bridges the gap between Sui’s ecosystem and the market, ensuring strong liquidity and efficient trading for users. Through strategic initiatives including the TurbosBoost Campaign, Turbos is committed to expanding the reach of DeFi, creating new opportunities and transforming the financial landscape. With dedication to bringing DeFi to developers and users on Sui, Turbos is a critical part of the Sui ecosystem, enhancing the success rate of its protocols and driving broader adoption.
(The information below is provided by the Turbos(TURBOS) team. Please follow Turbos(TURBOS) for more information）
Token Information
Token Name: TURBOS
Token Symbol: TURBOS
Max Supply：10,000,000,000 TURBOS
Token Type: Sui
Contract: https://suiexplorer.com/object/0x5d1f47ea69bb0de31c313d7acf89b890dbb8991ea8e03c6c355171f84bb1ba4a
Token distribution ratio and unlocking rules:
Team: 18%, 6 months cliff and 3.33% for 30 months.
Investors: 15%, 6 months cliff and 3.33% for 30 months.
Public sale: 1.5%, 40% at TGE, 3 months cliff and then 6.67% for 9 months.
Liquidity: 10.5%.
Marketing: 5%.
Mining & Rewards:50%.
Website: https://www.turbos.finance/
WhitePaper: https://docsend.com/view/az3ucbpz54v9zkp6
Turbos(TURBOS) Startup Sale Rules
(1) Duration: 07:00 am 14th May, 2023 - 07:00 am 15th May, 2023 (UTC)
(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 10:00 am 15th May, 2023 (UTC)
Trading Pairs: TURBOS/USDT
(3) Price: 0 USDT
(4)Startup Supply: 7,000,000 TURBOS
(5) Unlock rule: TGE 20%, and then unlock 20% of the TURBOS in the second month, while the remaining 60% will be unlocked in 30% batches every month from the 2nd distribution.
(6) 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 a KYC account.
(7) 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
(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) 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.
(10) 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.
