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Gate.io Startup Initial Offering: DAO Maker (DAO)

2021-01-12 14:25:09Read:79327

Gate.io has launched Startup, a platform that aims to provide users with access to innovative and advanced projects. Traders now have more opportunities to make an initial investment. Trading services of the connected token or coin will be enabled once the Startup project fulfills its fundraising goal.

Gate.io Startup will launch its next project with DAO Maker on January 18, 2021 at 4:00 AM UTC.

Startup Link: https://www.gate.io/en/startup/59
1. Introduction to DAO Maker

DAO Maker creates growth technologies and funding frameworks for startups, while simultaneously reducing risks for investors. A platform comprised of B2B and B2B2C products and services, including complaint fundraising, asset management, pluggable DAO creation, and chain analysis.
DAO Maker’s mission is to make venture opportunities more accessible to retail, not in terms of connectivity but affordability. DAO Maker is structuring venture opportunities through fundraising products that cap risk. This approach has proven both demand and success through the DYCO and SHO models. The company is working on the launch of the Venture Bond to take risk-capped venture opportunities mainstream, alongside licensed fiat support and an expansion to the crowdfunded equity market.

Click here to check out more: https://www.gate.io/en/startup/59

2.Token Information

Token name:DAO
Token symbol:DAO
Max supply :Dynamic Supply: 234M (max refund) to 312M
Initial Circulation Supply: 16,400,000 DAO
Smart Contract 0x0f51bb10119727a7e5ea3538074fb341f56b09ad
Token allocation
Sale:78,000,000 (25%)
Team 62,400,000 (20%)
DAO-Managed Foundation: 31,200,000 (10%)
Eco Growth: 28,080,000 (9%)
Customer Incentives 31,200,000 (10%)
Advisors & Future Team: 15,600,000 (5%)
Merger&Acquisition: 43,680,000 (14%)
Foundation:21,840,000 (7%)

Token Release
Public sale(SHO): Fully unlocked at TGE (Token Generation Event)
Private sale: 20% at TGE followed by quarterly vesting of 20% + Toll Bridge.
Team: 1.5-year lock, followed by 12.5% equal quarterly vesting
Advisors: 1.5-year lock, followed by 12.5% equal quarterly vesting
Foundation: 2-year lock, followed by 14.28% quarterly unlocks
Mergers & Acquisitions: 5% unlock after 5-quarter lock, then 10% after 6 months, followed by 28.3% biannual unlock
Customer Incentives: 3-month lock followed by unlocks only per platform usage
DAO-Managed Foundation: 3% unlock after 12 months, then 4 quarters of 5% release, then 4 quarters of 8% release, and then 5 quarters of 9% release
Eco (Community) Incentives: 7.5% after 12 months, followed by 2.5% per following month

Token use case: Staking,Incentives,Rights

DAO Token has a robust token economy comprised of non-inflationary staking reward, loyalty utility, and monetary utility. It is staked to earn from the reward pool for participating in governance, enjoy cashbacks, earn eco incentives, pay for enterprise solutions, and more.

website: https://daomaker.com/

2. DAO Maker Startup Sale Characteristics
(1) Startup Sales token release is 20% at TGE, and the remaining is released quarterly.
(2) Token Refundable
The DAO Maker team promises a refund at 65% of DAO’s purchase price value ($0.065), with 3 windows, for a period of 12 month after TGE. A year after TGE, the refund period ends.
(3) Payment Currency: USDG
USDG is used as the payment currency for this sale. Users can pledge their GT to get USDG.
How to get USDG loan: (https://www.gate.io/en/help/lend/mortgage/18925)
(4)The 20% of DAO will be released at TGE(that is scheduled in Feb, 2021,subject to change).Users won't receive their transferable DAO immediately after the startup sale.


3. The DAO Startup Sales Rules
(1) Order Duration: 4:00 - 6:00 AM UTC, January 18th, 2021
(2) To participate in Startup Sale, users will need to be VIP1 and above. (Click here for how to become VIP1 or above https://www.gate.io/en/fee
(3) The price is 0.1 USDG/DAO
(4) Users can place orders using USDG.
(5) Users can place orders from 4:00 AM UTC to - 6:00 AM UTC. Orders placed by qualified users within these 2 hours will be treated equally.
(6) Users need to ensure that there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders. An insufficient balance will result in the cancellation of the purchase order.
(7) Each type of currency can only purchase once with each KYC account.
(8) After 6:00 AM UTC, we will collect all the qualified orders and calculate the result. The final result will be announced two hours later at 8:00 AM UTC.(Please note: The 20% of DAO will be released at TGE, that is scheduled in Feb, 2021, subject to change., no transferable DAO will be received immediately after the startup sale)

The distribution calculation rules are as follow:
F (distribution ratio) = DAO supply limit ÷ total DAO purchase orders
P (individual DAO purchase orders) = F × qualified individual orders
M (payment amount in USDG) = P × Startup Sale Price
E.g. The DAO supply limit is 100 million. The purchased DAO orders are 200 million. User X has placed 100,000 DAO orders.

Thus:
F (distribution ratio) = 100,000,000 ÷ 200,000,000 =0.5
P (individual DAO purchase orders) = 0.5 × 100,000 = 50,000
M (payment amount in USDG) = 50,000 × Startup Price
If the project cannot fulfill its fund-raising goal within the given time, users will get refunded, and the project will not get listed.

About Our VIP Programs
There are three VIP schemes available, your VIP level will be escalated when you meet any of the following:
Scheme 1: meet requirements for both 30 day’s trading volume + 14-day rolling average GT holdings
Scheme 2: Meet the 14-day rolling average GT requirement only
Scheme 3: Meet the total account value requirement only.
Learn more at: https://www.gate.io/en/fee

4. The New Gate.io Startup Project Exchange Listing Rules

Once the Startup project fulfills its fundraising goal, Gate.io will enable the trading service of the project. To decrease any amount of volatility during the initial trading stage, we will apply the Call Auction Mechanism. The rules are as follows:

(1) During the call auction, traders can place orders freely, but the orders will not be active immediately. The real-time reference trading price will be presented and calculated based on the Call-order price from the largest amount of trades created. During this period, the order book and the candlestick chart will show the related price range and the market movement based on the real-time reference.

(2) During the first stage of call auction, traders are allowed to place orders and cancel orders freely.

(3) To avoid market manipulation, during the second stage of call auction, orders can be placed freely by the traders, but order cancellations are prohibited.

(4) When the call auction is finished, users will not be able to place or cancel any orders. They will collect all the data and match the orders. Buy orders with prices higher than the reference price and sell orders with prices lower than the reference price will be matched and e xecuted (a portion of the orders with a higher routed price may not be matched). The remaining orders will go to the order book of the next trading stage automatically.

(5) After the call auction data collection, the s ystem will enable trading activities.

For more details on the new Gate.io Startup Sale Participation Rules and Startup Project Exchange Listing Rules, please see our previous announcement.

Attention

(1) Countries not supported: Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Burundi, Burma, Canada, China, Democratic Republic of Congo, Cuba, Ethiopia, Guinea-Bissau, Guinea, Iran, Iraq, Japan, Liberia, Lebanon, Libya, Macedonia, Malaysia, New Zealand, Serbia, Sri Lanka, Sudan, Somalia, Syria, Thailand, Trinidad and Tobago, Tunisia, Uganda, Ukraine, United States of America, Venezuela, Yemen, Zimbabwe.

For users from other countries, please check and make sure your participation in the token sale on Startup complies with local laws and regulations.

(2) Risk Warning:
- The start-up project is still in its initial stage, factors including the operation and underlying technology of the project, and other related regulatory activities might contribute to significant risks.
- Advanced technical and financial knowledge is required to understand, and e valuate the inherent risks of crypto-asset investment.
- The market volatility is high, and the price of a token might fluctuate drastically due to technical, regulatory, and marketing factors.
- Users may not be able to withdraw all the purchased tokens due to technical issues of the project or Gate.io.

(3) Requirements for participants
- The participant should register on Gate.io and Log in;
- After logging in, complete user identity verification;
- Deposit a certain amount of cryptocurrencies in your gate.io account;
- Sign the Purchase Agreement on Startup before placing orders.
Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.


Gate.io Team
January 12, 2021

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