Gate.io To Release Startup Discount Offer With First Project In Association With Lambda
Gate.io recently announced that they will be introducing their Startup Discount Offer and their first project will be with Lambda. The project with Lambda will be launched
— Gate.io Exchange (@gate_io) June 1, 2019
Trading service will be enabled once the project fulfills its fundraising goal. In order to participate in Startup Sale, users will need to be a VIP. Participants will have a higher purchase limit with more GT holdings.
With the mission of promoting the decentralized development of the Internet, Lambda aims to build the storage infrastructure for Internet 3.0.
It is a safe, reliable and infinitely extendable decentralized storage network, whilst using data integrity and security verification as well as the operation of market-oriented storage transactions on the Lambda Chain consensus network, and provides the infinitely extensible data storage capacity for the new generation of value Internet.
Details Of LAmbda Startup Sale
The start time will be on June 3rd, UTC 4:00–6:00. The price and the number of orders of Startup Sale will be set 3 hours prior to the sale, based on the market price of GT/USDT within the 3-hour period. Each order is worth $100 — $200 USD, users can place one or a few orders according to the individual purchase limit.
Below is a chart that shows the purchase limit based on the different amount of GT holdings.
Users need to ensure 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.
They will be able to use each type of currency once only. After UTC 6:00, Gate.io will collect all the qualified orders and distribute the tokens according to the individual purchased orders: total purchased orders ratio. The final result will be announced at UTC 8:00 that day.