Gate.io Start up event -【FEAR】Fear NFTs

Gate.io Start up event -【FEAR】Fear NFTs

Start Time 2021-05-18 12:00:00 UTC+8

Close Time 2021-05-19 10:00:00 UTC+8

Token sale fails after Close Time if not reaches 5,000 DAO

 

Requirements for participants

Gate.io Sign up

[AppTech] GateIO Referral ID 4127435 (Gate.io Invitation Code)

1. Participant should register on Gate.io and Log in
2. After logging in, complete user identity verification
3. Make sure you have enough balance of supported currency for the sale. (no green checkmark, we do not check it.)
4. Sign the Purchase Agreement on Startup before placing orders.
5. Waiting for Startup open.(Status:underway)

 

Fear is the first Hybrid NFT coin and blockchain gaming horror brand from the creators of the famous Whack It series. Holders gain major exposure to all its NFT sales and trades, gamers holding the coin gain access to the NFT universe, play to earn and farming areas of its games.

 

Gate.io start up Fear nfts

Project Introduction

Token Information
Ticker: FEAR
Total Supply: 65,000,000
Initial circulating tokens: 7.6%

Token Distribution
Seed Round: 3.25%
Private Round: 17.5%
Marketing: 15%
Liquidity: 15%
Partners & Advisors: 5%
Team: 20%
Eco Incentives: 24.25%

Token Prices
Seed Round $0.05
vesting: 20% at the TGE, then 20% on quarterly basis
Private Sale $0.10
vesting: 20% at the TGE, then 20% on quarterly basis

Token Economy
FEAR coin is rewarded by Gather Network. Just for spending time on our web portal playing our games on your computer.
FEAR coin is bought back and burned using a minimum of 50% of the revenue of all NFT sales and trading fees.
FEAR coin is bought back and burned using a minimum of 5% of all fiat revenue
FEAR coin is bought back and stored in the prize pool，using a certain amount of fiat revenue and other NFT revenue to replenish prize pool as when needed
FEAR Coin is bought back and burned using 50% of the revenue received from gather network being deployed on our gaming portal
FEAR coin is required to access exclusive areas of our games
FEAR coin is required to access NFT Farming areas of our games including different BOSS show downs.
FEAR coin is awarded for winning high scores in survival mode of whack the demon
FEAR coin is awarded for solving intricate puzzle in the game
FEAR coin is required to buy certain powerful NFTs

Website: https://www.fearnft.games

Important Notice about Gate.io Startup Sale for FEAR NFTs
(1) Startup supply: 250,000 FEAR; Vesting: 20% at the TGE, then 20% on a quarterly basis; Price: $ 0.1
(2) Payment currency: USDG, Lockup currency: DAO
(3) Eligible participants: agree to lock up DAO for a period of 15 days. Individual cap is 2K DAO.
(4) Token distribution: participants get a proportional amount of FEAR tokens to their share of DAO tokens locked up on Gate.io.
(5) The FEAR tokens will not be released until the Token Generation Event. Users won’t get any FEAR token immediately after the Gate.io startup sale.
(6) The startup sale is designed for FEAR NTFs’ DAO Maker SHO portion.
(7) The cryptocurrency market is highly volatile. The project team does not guarantee that token price will not be lower than SHO price. Please invest with caution, and don’t invest beyond your financial capacity.

Rules of FEAR NTFs ’s DAO SHO Portion Sale on Gate.io’s Startup：
(1) Order Duration: May 18th 4:00：00 AM -May 19th 2:00 AM UTC
(2) To participate in Startup Sale, users will agree to lock up DAO for a period of 15 days.
(3) The price is $0.1
(4) Users can place orders by agreeing to locking up DAO for 15 days
(5) Users can place orders from May 18th 4:00：00 AM -May 19th 2:00 AM UTC. Orders placed by qualified users within these hours will be treated equally.
(6) Users need to ensure that there is sufficient balance of DAO (the full amount you agree to lockup for 15 days) and USDG (amount to pay for FEAR token actually purchased) in accounts for the purchase after placing the orders. An insufficient DAO balance will result in the cancellation of the purchase order. An insufficient USDG will make your spot balance negative USDG and you have to pay it off later.
(7) Each individual can only purchase once with an account passing KYC.
(8) After May 19th 2:00 AM UTC, we will collect all the qualified orders and calculate the result and announce the result in 2 hours. USDG to pay for Participant’s FEAR token purchase will be deducted from the participant’s account and the amount of DAO the participant agrees to lockup when placing orders will be locked for 15 days.
Participants will receive a proportional amount of FEAR tokens to their share of DAO tokens locked up on Gate.io according to the token release schedule at the TGE (the token generation event, estimated in May).

Example:
If the total DAO locked by all startup sale participants is 20,000 DAO. The total supply of new tokens offered on Gate.io startup sale is 1,000,000 new tokens. Token price is 0. 1 USDG per token. Participants are required to lock DAO for a period of 15 days.

If User A agreed to lock 500 DAO (by placing order) for a period of 15 days. Then,

User A’s share of the new tokens (also his share of DAO locked): 500/20,000=2.5%
Users A will receive new tokens: 2.5%X 1,000,000=25,000 new tokens.
User A’s USDG payment: the actual new token user A will receive X token price: 25,000X0. 1=2500 USDG

After the sale, user A’s 500 DAO will be locked for 15 days.
And USDG for purchase the new tokens will be deducted from User A’s spot account balance.

 

Info Link

https://www.gate.io/en/startup/116

 

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