Gate.io Startup will launch its next project with Cyclos (CYS) on September 9th, 2021 at 12:00 PM(UTC).
Startup Link: https://www.gate.io/en/startup
Introduction to Cyclos (CYS)
Cyclos is a concentrated liquidity market maker protocol that aims to be the go-to liquidity provider for digital asset trading on Solana. Cyclos leverages the exponentially greater efficiency of Uniswap V3-style concentrated liquidity and combines it with the flexibility of Serum’s order books to radically transform the market making landscape of DeFi.
(The information below is provided by the Cyclos (CYS) team. Please follow website for more information）
Token name: Cyclos
Token symbol: CYS
Max Supply: 100,000,000 CYS
Token Type: SPL
Token Contract: BRLsMczKuaR5w9vSubF4j8HwEGGprVAyyVgS4EX7DKEg
Token distribution and unlocking rules:
*Seed Sale 6.2%
10% on TGE, 10% every other month, after 5 months cliff
*Strategic Sale 4.2%
12% on TGE, 11% every other month, after 3 months cliff
*Public Sale 1%
100% on TGE
8 month cliff, 12.5% unlocked each quarter
7% on TGE, 11.625% every 3 months, after 6 months cliff
*Liquidity Rewards 35%
5% on TGE, 36 months linear distribution
*Serum Staking 3.6%
24 months linear distribution
*Initial Liquidity 5%
10 months linear distribution
10% on TGE, 59 months linear distribution
Cyclos Startup Sale Rules
(1) Duration: 04:00 AM - 10:00 AM(UTC), September 9th 2021 (Orders placed by qualified users within these 6 hours will be treated equally.)
(2) To participate in Startup Sale, users will need to be VIP1 and above.
(3) Price:$0.35 Startup Supply : 285,714.30 CYS
(4) Purchase limit: The maximum subion limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subion allocation is:
the maximum number of subions (not the final actual subion number) = the square of the VIP level multiplied by 10. For example:
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: 100% on TGE
(6) Users place orders using USDT
(7) Users can place orders from 4:00 AM - 10:00 AM(UTC), September 9th 2021. Orders placed by qualified users within these 6 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 purchase once with each KYC account.
(10) After 10:00 AM(UTC), 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: September 9th 12:00 PM(UTC)
Gate.io Labs Investment Participating Disclosure
Gate.io Labs invested in Cyclos
(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 project team does not guarantee that token price will not be lower than its startup sale price. Please invest with caution, and don't invest beyond your financial capacity.
- 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 will open an Automated Market Maker (AMM ) for Cyclos, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from the liquidity pool transaction fee and GT token rewards from the liquidity reward pool. High annual rate rewards with security.
AMM Trading Market and AMM Liquidity Mining
Gate.io has launched a new version of the liquidity pool (centralized automated market maker (AMM) transaction service) on August 1st, 2021: allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate.io will continue to add different currencies, please pay close attention to follow-up announcements.
The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:
1) Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
2) A fixed percentage (such as 50%) of the transaction fee will automatically be changed into GT through the open market and put into the AMM Reward Pool.
3) Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.
4) Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.
5) Liquidity providers can take bonus and withdraw at any time.
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Sep 2, 2021