Hot Digital Currency News

The latest news in the world of digital currency

Hot Digital Currency News

The latest news in the world of digital currency

KuCoin Launches Windvane NFT Marketplace, Holds a Series of Welfare Activities for Users

The top 5 crypto trading platform KuCoin , which has already launched its own  Spotlight token sale module for early-stage projects, spot and futures trading platforms ,and just raised over $150 million in investments through a pre-Series B round on May 10,is ready to break into the NFT market. The Web 3.0 era is coming, and the world needs a new wind vane product to lead the Web3.0 era. The genesis users of Windvane are also the pioneers of the Web3.0 era. To celebrate NFT marketplace launch, 4,000 NFTs will be offered to the first Windvane marketplace users in three rounds, Therefore, Windvane decided that all the sales revenue of Genesis NFT will be returned to the users , and the users who participated in this round can share all the revenue from subsequent sales.

kucoin
Image by KuCoin

Pre-registration for Genesis NFT sale is open until May 31

By press time, Genesis NFT collection is in its pre-registration phase. If you want to get first round NFT for free and share all the sales income from subsequent sales, please join: Discord channelhttps://discord.gg/windvane. NFT enthusiasts should fill in a short pre-registration form before 10:00 a.m. (UTC timezone) on May 31, 2022.

Also, in this Discord channel, Windvane’s team will share all of the details of the upcoming event and potential extra bonuses for its attendees. 

The launch of Windvane, the native marketplace for non-fungible tokens, is a major milestone for KuCoin's ecosystem's progress. It follows the massive $150 million pre-Series B round announcement. This round pushed KuCoin’s valuation to new highs, making it the latest fintech decacorn. KuCoin‘s venture capital arm KuCoin Ventures and KuCoin NFT Marketplace Windvane are launching a $100 million 'Creators Fund' to support and incubate the early stage NFT projects.The subject of the NFTs supported could range from arts, sports, PFPs (profile pictures), GameFi, etc. Moreover, the fund would invite 99 outstanding NFT creators to join the Windvane NFT marketplace to accelerate their growth on Web 3.0.  

KuCoin launches NFT marketplace Windvane: Why is it special?

According to the official announcement, KuCoin, a leading multi-product cryptocurrency ecosystem, is going to unveil its own community-centric marketplace for non-fungible tokens. The new project, dubbed Windvane, will include an NFT launchpad, NFT minting module, token trading markets, management instruments and so on.

kucoin
Image by KuCoin

By launching Windvane, KuCoin reaffirms its commitment to building an inclusive, comprehensive and highly competitive platform for different NFT-focused blockchains. Windvane will leverage the massive user traffic of various KuCoin services. The new marketplace is endorsed by top-tier key opinion leaders and large communities. It is set to allow early-stage digital artists to perform their first NFT sales.

Also, Windvane is set to serve as a cross-chain NFT aggregator: tokenized art enthusiasts will be able to choose the cheapest and most resource-efficient platform for their NFT operations. Thus, Windvane is set to address the most dangerous bottlenecks of the modern NFT scene, namely, high participation thresholds, enormous fees, difficulty of finding promising products and so on.

The team of Windvane is focused on four key "killing features" their product will have compared to the majority of its competitors:

  1. Windvane is a home of promising projects. Clients will be able to access high-quality early-stage collections by popular digital artists.
  2. Windvane is a low-fee NFT marketplace. It allows both authors and buyers to focus on token trading itself - not on saving on gas fees and marketing commissions.
  3. Windvane leverages a "priority whitelist" system: It makes the process of participation inclusive and fair.
  4. Windvane is a secure and anonymous NFT marketplace. The security of Windvane and the privacy protection of its ecosystem meet the highest requirements of the industry.

Introducing Genesis NFTs, the first-ever digital collectibles drop by KuCoin

In order to celebrate the launch of Windvane marketplace and to introduce its instruments to a global Web3 audience, the team of KuCoin is going to unveil its pioneering drop of digital collectibles, i.e., Genesis NFTs.

The Lazy Rooster is the main image of this collection. According to the team, this character is a symbol of Web3 ethos and disruption:

The Lazy Rooster looks lazy, but in fact, it represents the original practitioner of web 3.0 and the reform spirit of innovation.

Out of 4,500 NFTs minted, 500 will be distributed between team members while the remaining 4,000 NFTs will be offered to the first Windvane marketplace clients in three rounds.

Windwane itself is not intended to obtain any profits from the upcoming sale. Instead, all of the income will be distributed between the Windwane’s first  and second NFTs holders.

The upcoming sale will include three rounds, namely, the Hurricane, Storm and Typhoon rounds. In the Hurricane Round, 300 NFTs will be issued and offered to users for free: its participants will share the income from the Storm and Typhoon rounds and get a " mystery box"  as a bonus for free.

In the Storm Round, 1,500 NFTs will be issued: all participants of this round will share rewards from the Typhoon Round and get free "mystery boxes." Participants of the Typhoon Round will be able to claim one of 2,200 NFTs  and get free "mystery boxes."  They have the highest probability of  drawing an "SSR mystery box."

In KuCoin’s Genesis NFTs, there will be  normal,SR,SSR"mystery boxes." They will act as semi-fungible utility tokens of the KuCoin ecosystem. Token airdrops, service fee dividends, zero service fees for two years, voting rights and various other benefits will be available to "mystery box" holders while using KuCoin instruments.

kucoin
Image by KuCoin

Besides these perks, early Windvane clients will enjoy personal AMA channels and priority applications for the 100 million creators fund.

Closing thoughts

KuCoin, a veteran cryptocurrency ecosystem and "People’s Exchange" reaffirms its focus on the non-fungible tokens (NFTs) segment. Following the release of a new roadmap and successful Pre-Series B funding, KuCoin launched the Windvane NFT marketplace.

The upcoming platform will be a multi-product service with dedicated modules for storage, trading, exchange and offering NFTs. Its instruments will be available for both early-stage artists and NFT professionals.

Windvane is set to push the barriers for NFT market trends when it comes to transparency, cost-efficiency, and functionality.

The WEB 3.0 era is coming, and the world needs a new wind vane product to lead the 3.0 era. The genesis users of Windvane are also the pioneers of the WEB3.0 era.Therefore, They decided that all the sales revenue of Genesis NFT will be returned to the users , and the users who participated in this round can share all the revenue from subsequent sales. 4,000 NFTs will be offered to the first Windvane marketplace users in three rounds, NFT holders can get ALL sales income.

Terra’s Do Kwon Lays Out Plan to Revive Embattled Network

In a recent post published on a Terra-related forum, Do Kwon has laid out his plan to revive the embattled blockchain.

Kwon wants to give the embattled blockchain another go by distributing network ownership to the holders of LUNA and UST.

Forty percent of the new tokens will be distributed to Luna holders before the de-pegging event (the moment before UST decoupled from its peg on Binance). An equal share of tokens will be distributed to UST holders pro-rata at the time of the network upgrade to make them “whole as much as possible.”

The remaining 20% will be allocated to Luna holders at the final moment of the chain halt and the community pool, which will be funding future development.      

Community stakeholders will be able to receive a total of one billion newly issued tokens. In such a way, Kwon wants to incentivize existing members not to completely abandon the project after the collapse.

Related
Robinhood Shares up 23% After FTX CEO Bags In

As reported by U.Today, the LUNA token collapsed to virtually zero due to massive inflation and selling pressure. The cryptocurrency’s total circulating supply currently stands at 6.5 billion tokens. Meanwhile, the UST stablecoin has completely lost its peg, currently trading at only $0.17.

Kwon has opined that the network has to be reconstituted in order to preserve the vast ecosystem of developers.

The controversial founder has acknowledged that the entire system has witnessed total demise. Now, the network has to be built back up from scratch.

Kwon hopes that the community will be able to achieve a “speedy consensus.”

Source:u.today/


Latest Crypto News: Bitcoin and Ethereum Fall Over 20%, UST Stablecoin Struggles

There continues to be extra volatility in the crypto markets, and experts predict the ups and downs to continue as investors wrestle with continued surging inflation, geopolitical tensions, and changes in U.S. monetary policy.

Cryptocurrency’s wider adoption and its recent alignment with the stock market make it even more linked with macroeconomic factors. The Federal Reserve’s decision to raise interest rates sent the stock and crypto markets into a downward spiral that persisted throughout the weekend and Monday.

Bitcoin and ethereum are down over 20% over the last week. Bitcoin dropped below $30,000 Monday evening — its lowest level since July 2021. Ethereum has followed bitcoin’s lead, with its price trading near $2,200 Monday.

“Bitcoin is breaking below some key technical levels as the never-ending selloff on Wall Street continues. ​ The institutional investor is paying close attention to bitcoin as many who got in last year are now losing money on their investment,” Edward Moya, senior market analyst at foreign-exchange brokerage Oanda, wrote in a market analysis. “If the USD 30,000 level breaks, that could trigger a flash crash environment if several whales unload. ​”

Either way, experts advise not to make financial decisions based on news-related panic or hype. Here’s what investors should make of the latest crypto news:

  • It’s been a shaky start to the week for Bitcoin and other cryptocurrencies, largely driven by ongoing macroeconomic uncertainty. Bitcoin, the largest crypto, dipped below $36,000 Saturday and continued to nosedive throughout the weekend, hitting its lowest point in over a year Monday. And one expert warns bitcoin could drop even further, below $30,000 for the first time since July 2021. Bitcoin could “potentially get a mini-bounce at $35,000, but unless we break the trend line at approximately $37,000, I’m calling for $29,000 in the coming weeks or week,” says crypto expert Wendy O in a recent TikTok video. Ethereum has been following a similar pattern, rapidly declining to $2,300 Monday.
  • TerraUSD (UST), the third-biggest stablecoin, has dropped below $1 level twice in the last three days, falling to $0.985 on Saturday and as low as $0.937 on Monday, according to CoinMarketCap data. This is problematic for the crypto markets as stablecoins are intended to bring stability and should hold as close to $1 as possible. It has forced Terraform Labs — the project behind UST, crypto LUNA, and the Luna Foundation Guard — to dip into its $3.5 billion reserves of bitcoin to support the stablecoin. Terraform Labs emptied its treasury wallet of all of its bitcoin Monday, equivalent to $1.5 billion, to lend out to trading firms, in an effort to help hold UST’s price peg. Terraform Labs founder Do Kwon tweeted Monday that it’s “deploying more capital,” but didn’t provide more details.
  • Coinbase announced in April that it was launching an NFT marketplace in beta mode, allowing only a small set of users to test out the platform. Now, Coinbase is opening its beta NFT marketplace to all users, allowing anyone to buy, sell, or trade non-fungible tokens, just two weeks after its initial launch. A spokesperson for Coinbase said additional marketplace features are “still to come,” and Coinbase will “disclose details at a later date.

Bitcoin is the largest cryptocurrency by market cap, and a good indicator of the crypto market in general, since other coins like Ethereum (and smaller altcoins) tend to follow its trends. Even though Bitcoin recently set another new all-time high, it was a pretty normal uptick for the crypto, which is notorious for its volatility. That’s not to say investors should take swings in either direction lightly, and this is also why investing experts recommend not making any major investment changes based on these normal fluctuations.

Cryptocurrency is still very new, and everything from innovation to regulation can have an outsize impact for investors. Here’s how you can invest smartly, regardless of what’s making news or Bitcoin’s price swings.

What You Should Know About Crypto Investing

How Investors Should Deal With Volatility

Cryptocurrency volatility is nothing new, and you should be comfortable with this if you decide to invest. 

Volatility can be attributed to an “immature market,” says Ollie Leech, learn editor at Coindesk, a cryptocurrency news outlet. Anything from a celebrity tweet to new federal regulation can send prices spiraling. 

“If Elon Musk puts hashtag Bitcoin in his Twitter bio, it sends Bitcoin up 10%,” says Leech. 

This unpredictability is part of the reason why investing experts warn against investing huge amounts of your portfolio into a risky asset like crypto. Many recommend keeping your crypto holdings to less than 5% of your total portfolio

For new investors, day-to-day swings can seem frightening. But if you’ve invested with a buy-and-hold strategy, dips are nothing to panic about, says Humphrey Yang the personal finance expert behind Humphrey Talks. Yang recommends a simple solution: don’t look at your investment. 

“Don’t check on it. That’s the best thing you can do. If you let your emotions get too much into it then you might sell at the wrong time, make the wrong decision,” says Yang.

This is the traditional “set it and forget it” advice that many traditional long-term investors follow. If you can’t get on board, and the extreme dips continue to cause you worry, then you might have too much riding on your cryptocurrency investments

“The most important thing any investor can do, whether they are investing in Bitcoin or stocks, is not just to have a plan in place, but to also have a plan they can stick with,” says Douglas Boneparth, a CFP and the president of Bone Fide Wealth. “While buying the dip might be attractive, especially with an asset that you really like, it might not always be the best idea at the moment.”

Source:time

Latest Crypto News: Bitcoin and Ethereum Fall Over 20%, UST Stablecoin Struggles

There continues to be extra volatility in the crypto markets, and experts predict the ups and downs to continue as investors wrestle with continued surging inflation, geopolitical tensions, and changes in U.S. monetary policy.

Cryptocurrency’s wider adoption and its recent alignment with the stock market make it even more linked with macroeconomic factors. The Federal Reserve’s decision to raise interest rates sent the stock and crypto markets into a downward spiral that persisted throughout the weekend and Monday.

Bitcoin and ethereum are down over 20% over the last week. Bitcoin dropped below $30,000 Monday evening — its lowest level since July 2021. Ethereum has followed bitcoin’s lead, with its price trading near $2,200 Monday.

“Bitcoin is breaking below some key technical levels as the never-ending selloff on Wall Street continues. ​ The institutional investor is paying close attention to bitcoin as many who got in last year are now losing money on their investment,” Edward Moya, senior market analyst at foreign-exchange brokerage Oanda, wrote in a market analysis. “If the USD 30,000 level breaks, that could trigger a flash crash environment if several whales unload. ​”

Either way, experts advise not to make financial decisions based on news-related panic or hype. Here’s what investors should make of the latest crypto news:

  • It’s been a shaky start to the week for Bitcoin and other cryptocurrencies, largely driven by ongoing macroeconomic uncertainty. Bitcoin, the largest crypto, dipped below $36,000 Saturday and continued to nosedive throughout the weekend, hitting its lowest point in over a year Monday. And one expert warns bitcoin could drop even further, below $30,000 for the first time since July 2021. Bitcoin could “potentially get a mini-bounce at $35,000, but unless we break the trend line at approximately $37,000, I’m calling for $29,000 in the coming weeks or week,” says crypto expert Wendy O in a recent TikTok video. Ethereum has been following a similar pattern, rapidly declining to $2,300 Monday.
  • TerraUSD (UST), the third-biggest stablecoin, has dropped below $1 level twice in the last three days, falling to $0.985 on Saturday and as low as $0.937 on Monday, according to CoinMarketCap data. This is problematic for the crypto markets as stablecoins are intended to bring stability and should hold as close to $1 as possible. It has forced Terraform Labs — the project behind UST, crypto LUNA, and the Luna Foundation Guard — to dip into its $3.5 billion reserves of bitcoin to support the stablecoin. Terraform Labs emptied its treasury wallet of all of its bitcoin Monday, equivalent to $1.5 billion, to lend out to trading firms, in an effort to help hold UST’s price peg. Terraform Labs founder Do Kwon tweeted Monday that it’s “deploying more capital,” but didn’t provide more details.
  • Coinbase announced in April that it was launching an NFT marketplace in beta mode, allowing only a small set of users to test out the platform. Now, Coinbase is opening its beta NFT marketplace to all users, allowing anyone to buy, sell, or trade non-fungible tokens, just two weeks after its initial launch. A spokesperson for Coinbase said additional marketplace features are “still to come,” and Coinbase will “disclose details at a later date.

Bitcoin is the largest cryptocurrency by market cap, and a good indicator of the crypto market in general, since other coins like Ethereum (and smaller altcoins) tend to follow its trends. Even though Bitcoin recently set another new all-time high, it was a pretty normal uptick for the crypto, which is notorious for its volatility. That’s not to say investors should take swings in either direction lightly, and this is also why investing experts recommend not making any major investment changes based on these normal fluctuations.

Cryptocurrency is still very new, and everything from innovation to regulation can have an outsize impact for investors. Here’s how you can invest smartly, regardless of what’s making news or Bitcoin’s price swings.

What You Should Know About Crypto Investing

How Investors Should Deal With Volatility

Cryptocurrency volatility is nothing new, and you should be comfortable with this if you decide to invest. 

Volatility can be attributed to an “immature market,” says Ollie Leech, learn editor at Coindesk, a cryptocurrency news outlet. Anything from a celebrity tweet to new federal regulation can send prices spiraling. 

“If Elon Musk puts hashtag Bitcoin in his Twitter bio, it sends Bitcoin up 10%,” says Leech. 

This unpredictability is part of the reason why investing experts warn against investing huge amounts of your portfolio into a risky asset like crypto. Many recommend keeping your crypto holdings to less than 5% of your total portfolio

For new investors, day-to-day swings can seem frightening. But if you’ve invested with a buy-and-hold strategy, dips are nothing to panic about, says Humphrey Yang the personal finance expert behind Humphrey Talks. Yang recommends a simple solution: don’t look at your investment. 

“Don’t check on it. That’s the best thing you can do. If you let your emotions get too much into it then you might sell at the wrong time, make the wrong decision,” says Yang.

This is the traditional “set it and forget it” advice that many traditional long-term investors follow. If you can’t get on board, and the extreme dips continue to cause you worry, then you might have too much riding on your cryptocurrency investments

“The most important thing any investor can do, whether they are investing in Bitcoin or stocks, is not just to have a plan in place, but to also have a plan they can stick with,” says Douglas Boneparth, a CFP and the president of Bone Fide Wealth. “While buying the dip might be attractive, especially with an asset that you really like, it might not always be the best idea at the moment.”

منبع

Gate.io Startup Introduces High-Yield IEO Launchpad With Advanced Security: Review

Gate.io Startup is a next-gen platform for initial cryptocurrency exchange offering (IEO) campaigns developed by the Gate.io crypto ecosystem. To ensure an unparalleled experience for all participants of fundraising in terms of security and profitability, it implemented a splendid number of novel features.

Introducing flexible and high-yield IEO launchpad: What is Gate.io Startup?

As an amazing combination of security, high performance, feature-rich and inspiring ROI, Gate.io Startup allows every crypto enthusiast to invest in the "next big thing" at the very early stage of its development and massive adoption.

What makes it special amid the IEO launchpad boom?

  • Unmatched liquidity ecosystem: every token supported can access Gate.io with its 1,300 tokens;
  • Highest average ROI, generous airdrop for all accounts registered;
  • Seamless integration into Gate.io’s ecosystem with world-leading CEX, NFT Magic Box, GateChain, quantitative trading module and so on;
  • Detailed research into every project listed;

What is IEO?

Initial cryptocurrency exchange offering (IEO) is a method of fundraising for cryptocurrency projects. IEOs are organized on centralized platforms and are fully controlled by its teams and community. Through IEOs, projects raise funds from investors to achieve these goals and distribute tokens between them.

Technically, IEO works not unlike other types of token sales: initial coin offering (ICO), initial gaming offering (IGO), initial decentralized exchange offering (IDO), initial staking pool offering (ISPO) and so on.

With the IEO model, people can buy tokens of new projects through this or that centralized crypto platform.

Why is IEO better than ICO?

For the crypto segment, the year of 2017 will be remembered for its "ICO boom." However, this mainstream model of fundraising - when a product collects money through its own website and crypto wallet - had too many dangerous flaws.

First, it was about the security of the fundraising. With ICO, its team is the only actor responsible for the visibility and transparency of the funding procedure. As such, it is too easy for scammers to run with investors' money.

With IEOs, analysis of the team that raises the funds is performed by the centralized platform behind the IEO. Its security department bears responsibility for due diligence checks so, typically, only legit teams raise money through IEOs.

Type of tokensale

Short name

Description

Pros

Cons

Initial exchange offering 

IEO

Investors send money to platform, it transfers the funds to projects

Secure and resource-efficient method

Lack of reliable platforms

Initial decentralized exchange offering 

IDO

Investors send money to a smart contract

100% noncustodial method

High risk of rug pulls

Initial gaming offering 

IGO

GameFi-specific form of IDO

100% noncustodial method

High risk of rug pulls

Initial coin offering 

ICO

Investors send money directly to the team’s wallet

The oldest and most popular retail fundraising method

High risk of exit scams

Initial staking pool offering

ISPO

Investors lock the liquidity in favor of the staking pool associated with the project

100% noncustodial method

Available only on Cardano (ADA)

Table 1. Crypto fundraising for retail investors: methods and opportunities

Gate.io Startup: New-gen platform by top-tier exchange

Gate.io Startup is a unique fundraising platform with a feature-rich toolkit and cutting-edge level of privacy for all actors.

gateio
Image by Gate.io

It is thoroughly curated by Gate Ventures, the VC arm of Tier-1 crypto exchange Gate.io, which is among the largest trading platforms globally by traffic and trading volume.

Gate.io Startup for products: Unmatched decentralization, secure fundraising

Despite huge interest in crypto and early-stage investments in Web3 products in particular, a secure and resource-efficient token sale organization remains inaccessible for the majority of nascent products. As such, Gate.io Startup is designed to offset the gap between the mentioned products and retail investors.

As Gate.io Startup implemented strict due diligence policies, all investors on the platform are required to pass advanced "know your customer" (KYC) and "anti-money-laundering" (AML) checks. Retail investors from VIP1 tier who passed KYC checks can purchase 1,000 shares maximum. Thanks to these procedures, startups are protected from "toxic" investments and from too whale-dominated distribution of their tokens.

This combination of control and concentration prevention measures allow early-stage products to protect themselves from hyper-concentration and security issues.

Gate.io Startup for investors: Where user-friendly interface meets credibility

At the same time, participating in IEO procedures with Gate.io Startup seems increasingly attractive for retail investors with various levels of expertise as well.

Prior to the listing of projects on Gate.io Startup, the leading experts of Gate Ventures evaluate the project’s legitimacy, credibility and the opportunities of its team. The full scope of goals, milestone and previous career tracks of team members and director are analyzed under a microscope. Gate.io Startup team only lists products with achievable goals, viable tokenomic models and splendid founders’ reputations. These procedures guarantee an unmatched level of protection from exit scams and all other versions of investors fraud.

Then, with the aforementioned limit of 1,000 shares for eligible participants, investors should not worry anymore about the prospects of massive whale-driven dumps. This creates a totally new benchmark for decentralization and inclusive participation for all types of investors, both OGs and newbies to the crypto world.

Investing in IEOs with Gate.io Startup is among the most profitable options of the entire segment. As of January 2022, its monthly-average profit for one listing (IEO price / ATH price) spiked to 80x. Data shows that Gate.io Startup currently has an average ROI of 125.09% and an ATH ROI of 2,181.86% as of Mar. 10, 2022.

Gate.io Startup’s approach to token listing and post-listing support is a holistic one. High-quality and promising projects of any track can participate in Gate.io Startup as long as they pass the platform's review.

Gate.io Startup: Element of Gate.io ecosystem of cutting-edge products for Web3 era

Since day one, Gate.io Startup has been integrated into a multi-product ecosystem of Gate.io’s products. It includes Gate.io, a leading centralized crypto trading ecosystem, GateChain, a native EVM-compatible smart contracts platform, and Gate Ventures incubator and GT, the core native utility asset of this ecosystem.

Launched in early Q2, 2013, in China, Gate.io opened its services for a global crypto audience in 2017. It has amassed more than 10 million users from 190 countries as its daily trading volume surpasses $10 billion (February 2022). The protocol supports more than 1,300 cryptocurrencies; USDT-based pairs with Bitcoin (BTC), Ethereum (ETH), Terra (LUNA),  Shiba Inu (SHIB) and XRP are the most popular on the exchange.

GateChain is a DeFi-focused smart contracts platform based on a unique type of consensus. It leverages Vault Account, a one-of-a-kind element needed for handling abnormal transactions. GateChain also utilizes an extraordinary clearing mechanism to prevent asset theft and private key loss. GateChain hosts HipoDeFi, a one-stop platform with a swap module, token bridges, yield farming instruments and so on.

Gate Ventures is a VC arm of the ecosystem focused on blockchain infrastructure, decentralized applications and infrastructural projects. By March, 2022, it backed a number of unicorns, including 1Inch Network, Perion, Woo Network, Blockfills, SEBA and so on.

GateToken, or GT token, is a backbone element of the product’s tokenomic design. It was launched as a core element of Gate.io’s ecosystem tokenomics to bridge all of its services between each other. Currently, it inches closer to the top 100 by market capitalization of all crypto assets with $1 billion in market cap. GT is available in 17 trading pairs across 12 centralized exchanges in pairs with Bitcoin (BTC), Ethereum (ETH), U.S. Dollar Tether (USDT), Terra USD (UST) and fiat USDs. 

Gate.io Startup: How to Participate

In order to be eligible for participation in IEO rounds, crypto enthusiasts should first register their accounts on Gate.io. The level of participation for all IEOs depends on the VIP tier of the user and his/her GT holdings.

To be eligible for VIP1 tier, users should hold GT tokens, achieve predetermined numbers in 30-day trading volume, and hold spot assets. All details are explained in the ‘Fees’ manual.

Limit of participation is capped at 1,000 shares of listed projects for all participants. In order to participate in Gate.io Startup offering, crypto holders should log into their accounts and click on "Startup" on the top navigation bar.

All available products can be checked in the ‘In Progress’ section. Crypto holders can find the information and choose the project to invest in.

Then, the participants should click ‘Place order’, pass KYC and sign a Purchase Agreement.

Once the order is placed, user can check its status in "Order" - "Startup" page

The process of participation through mobile phone looks similarly: ‘Startup’ bar can be found in the second line of main page.

Also, as Gate.io Startup is committed to the policy of due diligence, every investor should pass KYC/AML checks to take part in public fundraising rounds.

Marie Tatibouet, Chief Marketing Officer at Gate.io, highlights that the opportunities unleashed by Gate.io Startup are amazing and push the barriers of Web3 adoption for professionals and newcomers:

Over the last year, the crypto market has reached new highs as the amount of both traditional and institutional investors in the industry grew rapidly. As interest in the market continues to grow, we remain committed to supporting new projects in the space, allowing investors to get in early on some potential gems through Startup.

Closing thoughts

Gate.io Startup is an IEO launchpad created by Gate.io, veterans of the cryptocurrencies segment. It is an integral part of Gate.io’s ecosystem with its CEX, VC incubator, own blockchain and native token.

Gate.io Startup pioneers a novel approach to IEO security and decentralization. It combines inclusive participation for all investors, a thorough review of all projects listed and strict KYC/AML checks.

gate
Image by Gate.io

 

Disclaimer:

Please be noted that Gate.io may not be able to provide full scale service in certain markets and jurisdictions, and Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations, such as the United States of America, Canada, Iran, Cuba. For the latest list of all the restricted locations, please read the User Agreement “Section II Eligibility” via https://www.gate.io/docs/agreement.pdf.

Source: u.today