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Gate.io Launches Free Airdrop Program
Gate.io (GT), a prominent player in the cryptocurrency exchange realm, has recently embarked on a new venture – the Startup Project Free Airdrop Program. As per reliable sources, the initiative launched its operations on Friday, January 10.
The program is set to feature intermittent free airdrops for prospective blockchain projects. The maiden venture under this initiative is the Camino Network (CAM).
Initial Free Offering for Camino Network on Gate.io
Gate.io’s initial free offering for the Camino Network is scheduled to commence at 6 AM UTC on January 15, 2025. The event will wrap up at 6 AM UTC on January 17, 2025. Simultaneously, the trading of the CAM/USDT pair is set to open on January 17, 2025, at 10 AM UTC.
A total of 333,333 CAM tokens will be up for grabs, aiming to raise $40,000 Tether (USDT) through the launch. Upon distribution, all tokens will be completely unlocked. Participants must complete a Know-Your-Customer (KYC) verification and hold a minimum spot asset balance of $10 USD.
Conditions for CAM Free Airdrop
The airdrop rules aim to strike a balance. They reward higher-tier users while also promoting inclusivity for new entrants. However, participants from certain locations, including but not limited to the United Kingdom, the United States, Mainland China, Singapore, Canada, France, and Germany, may be excluded from the program due to constraints.
Increased perks are in store for VIP users. Higher VIP levels will allow for an increased number of airdrop shares, capped at a maximum of 8,000 shares per user.
Non-VIP users can also partake in the program. They need to hold a minimum of $10 USD in spot assets to qualify for a lucky draw for free airdrop shares.
The token distribution phase will consider users’ current VIP level to determine the allocation of shares. The distribution will be relative to the user’s valid subscription amount and the overall total. For non-VIP users, the allocation will be randomized.
FAQ
What is the Startup Project Free Airdrop Program?
The Startup Project Free Airdrop Program is an initiative by Gate.io that provides free airdrops for promising blockchain projects. The first project under this program is the Camino Network (CAM).
How can one participate in the CAM free airdrop?
To be eligible for the CAM free airdrop, users need to hold a minimum spot asset balance of $10 USD and complete their KYC verification.
Who can join the Startup Project Free Airdrop Program?
While the program is open to all, users from certain locations like the UK, US, Mainland China, Singapore, Canada, France, and Germany may be barred from participating due to certain restrictions.
In closing, Gate.io’s new initiative is set to bring a fresh wave of opportunities for crypto enthusiasts. From the bustling blockchain startups to interested investors, the platform is poised to be a meeting ground for all. Stay connected with updates through Finances Zippy, your trusted partner in all things crypto. Remember, knowledge is power, and in the world of crypto, it’s your ticket to prosperity.
