OpenLeverage(OLE) Startup Free Offering on Gate.io

Gate.io Startup will launch its next project, OpenLeverage(OLE), on July 6th, 2022 at 12:00 PM (UTC).

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

Introduction to OpenLeverage(OLE)

OpenLeverage is a permissionless lending and margin trading protocol with aggregated DEX liquidity, enabling traders to long or short any trading pair on DEXs efficiently and securely. Anyone can create lending pools to support margin trading for specific token pairs with liquidity pools on DEXs.
OpenLeverage is currently deployed on Ethereum, the BNB chain and KCC. Important milestones include crossing $700 million in Total Trading Volume, and $14.5 million in TVL.
OpenLeverage is incubated by Binance Labs and Creative Destruction Lab. We have received security audits from PeckShield, Code4Rena and CertiK.

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

Token Information
Token name: OLE
Token symbol: OLE
Max Supply: 1,000,000,000 OLE
Token Type: ERC-20
Token Contract:
ETH:0x92cfbec26c206c90aee3b7c66a9ae673754fab7e
BSC:0xa865197a84e780957422237b5d152772654341f3
Token Distribution and Unlocking Rules:
*Investor: 28.4%
3-months cliff, linear release for 4 years
*Team: 17%
3-months cliff, linear release for 5 years
*DAO: 45%
Linear release for 5 years
*Ecosystem Development treasury: 9.6%
Release according to situation

Website:https://openleverage.finance
Whitepaper:https://docs.openleverage.finance
Token Information:
ETH: https://etherscan.io/token/0x92cfbec26c206c90aee3b7c66a9ae673754fab7e
BSC: https://bscscan.com/token/0xa865197a84e780957422237b5d152772654341f3

OpenLeverage Startup Sale Rules

(1) Duration: 12:00 PM on July 6th-08:00 AM on July 7th (UTC), 2022(Orders placed by qualified users within these 20 hours will be treated equally.)
(2) To participate in the Startup Sale, VIP 0 users need to hold a minimum of 500 USD worth of assets, and will be offered the contribution share at 1/4 of VIP 1 users’ share; For VIP 1 and above, the higher the VIP level the higher the contribution share will be.
(3) Price: $0; Reference Price: $0.05; Startup Supply: 600,000 OLE
(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:
VIP1 users can subscribe up to 1 * 1 * 10 = 10 shares
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 12:00 PM on July 6th-08:00 AM on July 7th (UTC), 2022. Orders placed by qualified users within these 20 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 08:00 AM on July 7th (UTC), 2022, 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:11:00 AM(UTC) on July 7th, 2022

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