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Gate.io Startup Initial Offering-DAO SHO Project- delta.theta (DLTA)

2021-06-15 09:10:53Read:57510

Gate.io 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.
Gate.io Startup will launch another DAO SHO project- delta.theta sale on the 16th Jun, 2021 at 10:00 AM UTC.
Startup Link: https://www.gate.io/en/startup/134

Project Introduction
Delta.theta is a peer-to-peer option trading platform currently operating on both Binance Smart Chain and Ethereum. In simplest terms, it is a protocol that enables CEX liquidity on options to be available on-chain.
Options traders can maintain self-custody and avoid doing KYC, the true DeFi value, and tap into the first deeply liquid options market. This is possible because deltaTheta enables a decentralized network of real-time order book market makers to hedge DEX options against CEX order books.
DeFi farmers, on the other hand, get access to the lowest premium on price crash insurance. Premiums up to 90% lower than platforms like Hegic.

Token Information
Ticker: DLTA
Blockchain Network: BSC & Ethereum
Token Supply: 100,000,000
Initial Token Circulation: 7,700,000
Blockchain Network: BSC & Ethereum

Token Distribution
Seed Round: 7.5%
Private Round 17.5%
Eco Incentives: 29%
Partners &Advisors:7.5%
Marketing: 5%

Token Prices
Seed Round: $0.045
20% unlocked at the TGE, then 13% on a quarterly basis
Private Sale: $0.09
20% unlocked at the TGE, then 20% on a quarterly basis

Token Economy
The delta.theta token has a utility function. First of all, any platform user with a token receives a discount based on the volume of tokens available.
Secondly, delta.theta token can be used to pay for analytical services of delta.theta.
Third is paying for the access to trading pairs/strikes.
Website: https://deltatheta.tech

Important Notice about Gate.io Startup Sale for delta.theta:
1. Startup supply: 388,888.8 Vesting: 50% at the TGE, then 50% next month; Price: $0.09
3. Payment currency: USDG, Lockup currency: DAO
4. Eligible participants: agree to lock up DAO for a period of 20 days. Individual cap is 2K DAO.
5. Token distribution: participants get a proportional amount of DLTA tokens to their share of DAO tokens locked up on Gate.io.
6. The DLTA tokens will not be released until the Token Generation Event. Users won’t get any DLTA token immediately after the Gate.io startup sale.
7. The startup sale is designed for delta.theta’s DAO Maker SHO portion.
8. The cryptocurrency market is highly volatile. The project team does not guarantee that token price will not be lower than SHO price. Please invest with caution, and don't invest beyond your financial capacity.

Rules of delta.theta ’s DAO SHO Portion Sale on Gate.io’s Startup:
(1) Order Duration: Jun 16th 10:00:00 AM -Jun 17th 2:00 AM UTC
(2) To participate in Startup Sale, users will agree to lock up DAO for a period of 20 days.
(3) The price is $0.09
(4) Users can place orders by agreeing to locking up DAO for 20 days
(5) Users can place orders from Jun 16th 10:00:00 AM -Jun 17th 2:00 AM UTC. Orders placed by qualified users within these hours will be treated equally.
(6) Users need to ensure that there is sufficient balance of DAO (the full amount you agree to lockup for 20 days) and USDG (amount to pay for DLTA token actually purchased) in accounts for the purchase after placing the orders. An insufficient DAO balance will result in the cancellation of the purchase order. An insufficient USDG balance will make your USDG balance negative and should be repaid later.
(7) Each individual can only purchase once with an account passing KYC.
(8) After Jun 17th 2:00 AM UTC, we will collect all the qualified orders and calculate the result and announce the result in 2 hours. USDG to pay for Participant’s DLTA token purchase will be deducted from the participant’s account and the amount of DAO the participant agrees to lockup when placing orders will be locked for 20 days.
Participants will receive a proportional amount of DLTA tokens to their share of DAO tokens locked up on Gate.io according to the token release schedule at the TGE (the token generation event, to be announced ).

If the total DAO locked by all startup sale participants is 20,000 DAO. The total supply of new tokens offered on Gate.io startup sale is 1,000,000 new tokens. Token price is 0. 1 USDG per token. Participants are required to lock DAO for a period of 15 days.

If User A agreed to lock 500 DAO (by placing order) for a period of 15 days. Then,
User A’s share of the new tokens (also his share of DAO locked): 500/20,000=2.5%
Users A will receive new tokens: 2.5%X 1,000,000=25,000 new tokens.
User A’s USDG payment: the actual new token user A will receive X token price: 25,000X0. 1=2500 USDG
After the sale, user A’s 500 DAO will be locked for 15 days.
And USDG for purchase the new tokens will be deducted from User A’s spot account balance.

(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 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.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.

Gate.io Team
June 15, 2021

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