Gate.io Startup Free Offering: ParallelChain (XPLL)and Announcement of Free Distribution Rules( 200,000 XPLL free of charge)

Announcements Gate.io Startup Free Offering: ParallelChain (XPLL)and Announcement of Free Distribution Rules( 200,000 XPLL free of charge)

2023-07-06 04:59:15 UTC 18607 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
About Gate.io Startup Free Airdrop Program In order to reward platform users, Gate.io launched the "Startup Project Free Airdrop Program", and free airdrops for blockchain excellent projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens airdrop benefits.
 
This ParallelChain (XPLL)Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of event.
 
Startup Link: https://www.gate.io/startup
 
Introduction to ParallelChain (XPLL)
ParallelChain is a dual-blockchain ecosystem powered by two layer-1 distributed ledgers: ParallelChain Mainnet and ParallelChain Enterprise – developed by ParallelChain Lab, a technology company specialising in distributed systems and machine learning. ParallelChain Mainnet is a Proof-of-Stake open-source blockchain for building web2-compatible decentralized applications; and ParallelChain Enterprise is a business-native, permissioned blockchain for use cases that demand stronger privacy, scalability, and compliance - features built with 6 U.S.-patented technologies. Furthermore, Inter-ParallelChain Protocol (IPP) enables native interoperability between the two networks, allowing Web2 and Web3 to easily and securely interact in the same ecosystem.
 
(The information below is provided by the ParallelChain (XPLL) team. Please follow ParallelChain (XPLL) for more information）
 
Token Information
Token Name: ParallelChain
Token Symbol: XPLL
Max Supply:  125,000,000
Token Type: Mainnet token
Contract: N/A

Token distribution ratio and unlocking rules: 
Angel Round: 6.77%, 2% initial unlock, 6 months cliff and daily vesting for 24 months;
Seed Round: 1.72%, 12.5% initial unlock, 3 months cliff and daily vesting for 6 to 8 months 
Private Round: 2.15%, 25% initial unlock, daily vesting for 1 to 9 months depending on the size of allocation;
Node Round(not locked for staking): 14%, monthly vesting for 18 months, 21 months or 24 months depending on the size of allocation;
Node Round (Committed Validators): 19.8%, 8 months, 10 months or 12 months cliff depending on the size of allocation and monthly vesting for 10 months, 11 months or 12 months depending on the size of allocation;
Public Round: 1.71%, 35% initial unlock, daily vesting for 1-9 months depending on the size of allocation;
Ambassadors: 0.03%, 25% initial unlock, 3 months cliff and daily vesting for 3 months;
Team: 12%, 1% initial unlock, 6 months cliff and daily vesting for 36 months;
Liquidity & Listing: 5%, 100% unlock;
Foundation(Treasury & Ecosystem Grants): 30.7%, Vesting length depends on the size of allocation/grant, but no less than 12 months
Advisors: 1.15%, 5% initial unlock, 3 months cliff and daily vesting for 12 months;
Strategic/Marketing: 6.46%, 5%-15% initial unlock depending on the size of allocation, 3 months cliff, and daily vesting for 3 months to 20 months depending on the size of allocation.

Website: https://parallelchain.io/
WhitePaper：https://parallelchain.io/parallelchain/mainnet/papers/mainnet-whitepaper

ParallelChain (XPLL) Startup Sale Rules
(1) Duration: 07:00 am 10th July, 2023 - 07:00 am 11th July, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 10:00 am 11th July, 2023 (UTC)
Trading Pairs: XPLL/USDT
(3) Price: 0 USDT
(4)Startup Supply : 200,000 XPLL
(5) Unlock rule: 25% unlock, linear monthly vesting for 5 months.
(6) To participate in Startup Sale, VIP 0 users need to hold no less than 500 USD worth of Spot Assets in balance, and the number of share will be 1/4 of VIP 1 users’ share; 
The higher the VIP tier, the more shares.
For VIP 1 and above,  the higher the VIP level the higher the contribution share will be.
Each user can only purchase once with KYC account
(7) Purchase limit: The maximum contribution limit for a single user is 1500 shares; the relationship between the VIP level and the maximum contribution allocation, please refer to the link: https://www.gate.io/article/29892
(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) 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. The final result will be announced before trading starts.

Gate.io Labs Private Sale Participating Disclosure
Gate.io Labs hasn't participated in the ParallelChain (XPLL) investment.

Attention
(1) Countries not supported: the United States, Canada, Malaysia, Singapore, Mainland China, Malta, Cuba, Iran, North Korea, Crimea, Sudan, Syria, Bangladesh, Bolivia.
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 evaluate 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.

<sp>
Gateway to Crypto
Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io

[Sign up](https://www.gate.io/signup "Sign up") to enter the crypto gateway and get 40% commission from [referrals](https://www.gate.io/referral "referrals")

[Download iOS/Android App](https://www.gate.io/mobileapp?ch=ann27560 "Download iOS/Android App") right now.

Reach out to us!
Twitter: https://twitter.com/gate_io
GateVIP Twitter:https://twitter.com/Gateio_Inst
Telegram: https://t.me/gate_zh
API Telegram: https://t.me/gateioapi
Instagram: https://www.instagram.com/gateioglobal
Medium: https://gateio.medium.com/
Podcast: https://gateio.buzzsprout.com/?ch=buzzs

Gate.io Team
July 6th, 2023

Select language and region

Fiat Currencies