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.
Startup will launch its next project with the Phantom
Protocol (PHM) on September 8th, 2021 at 12:00 PM(UTC).
to Phantom Protocol (PHM)
Protocol is a next-generation “DeFi+NFT” solution that supports
NFT issuance and fractional trading. For its DeFi applications,
Phantom includes a cross-chain protocol that supports synthetic asset
generation and NFT issuance. Utilizing smart contracts, Phantom
allows individuals to build synthetic assets (pAssets) in a
decentralized manner with mainstream cryptocurrencies or NFT as
collateral. For its NFT part, Phantom enables users to trade
fractional NFTs while also engaging in GameFi applications with
platform issued NFT trading items and characters.
information below is provided by the Phantom
(PHM) team. Please visit the project's website for more
name: Phantom Token
Supply: 10,000,000,000 PHM
distribution and unlocking rules:
Sale 1% (100% on TGE)
team 15% (locked for 1 year, then vested over 24 months)
18% (20% unlock on TGE, the rest vested over 12 months)
8% (only used in investing in future Phantom eco projects)
development, operation, and promotion 8%
Phantom Startup Sale Rules
Duration: 04:00 AM - 10:00 AM(UTC), September 8th 2021 (Orders
placed by qualified users within these 6
hours will be treated equally.)
To participate in Startup Sale, users will need to be VIP1 and above.
Price: $0.005 Startup
Supply: 20,000,000 PHM
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:
maximum number of subions (not the final actual subion
number) = the square of the VIP level multiplied by 10. For example:
users can subscribe up to 2 * 2 * 10 = 40 shares
users can subscribe up to 3 * 3 * 10 = 90 shares
Unlocking Rule: 100% on TGE
Users place orders using USDT.
Users can place orders from 4:00 AM
- 10:00 AM(UTC), September 8th 2021. Orders placed by qualified users within these 6 hours will be treated equally.
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.
Each type of currency can only purchase once with each KYC account.
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
Trading starts time: September 8th
Labs Investment Participating Disclosure
Labs invested in Phantom
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,
users from other countries, please check and make sure your
participation in the token sale on Startup complies with local laws
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
Users may not be able to withdraw all the purchased tokens due to
technical issues of the project or Gate.io.
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.
will open an Automated Market Maker (AMM ) for Phantom,
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.
Trading Market and AMM Liquidity Mining
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.
rules for markets to upgrade to the Automated Market Maker (AMM)
model are as follows:
Fixed 0.3% commission fee for both Taker and Maker (temporarily
consistent with Uniswap, subject to the needs of both market parties)
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.
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.
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
Liquidity providers can take bonus and withdraw at any time
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Sep 6, 2021