Gate.io Startup Initial Offering: Phantom Protocol (PHM)
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 its next project with the Phantom Protocol (PHM) on September 8th, 2021 at 12:00 PM(UTC).
Startup Link: https://www.gate.io/en/startup
Introduction to Phantom Protocol (PHM)
Phantom Protocol is a next-generation “DeFi+NFT” solution that supports NFT issuance and fractional trading. For its DeFi applications, Phantom includes a cross-chain protocol that supports synthetic asset generation and NFT issuance. Utilizing smart contracts, Phantom allows individuals to build synthetic assets (pAssets) in a decentralized manner with mainstream cryptocurrencies or NFT as collateral. For its NFT part, Phantom enables users to trade fractional NFTs while also engaging in GameFi applications with platform issued NFT trading items and characters.
(The information below is provided by the Phantom (PHM) team. Please visit the project’s website for more information)
Token Information
Token name: Phantom Token
Token symbol: PHM
Max Supply: 10,000,000,000 PHM
Token Type: ERC-20
Token Contract: 0x3F9BEC82c776c47405BcB38070d2395Fd18F89d3
Token distribution and unlocking rules:
*Community farming 50%
*Public Sale 1% (100% on TGE)
*Founding team 15% (locked for 1 year, then vested over 24 months)
*Investors 18% (20% unlock on TGE, the rest vested over 12 months)
*Foundation 8% (only used in investing in future Phantom eco projects)
*Product development, operation, and promotion 8%
Website：https://cfx.phm.finance/
White Paper：https://phantom-defi.s3.us-east-2.amazonaws.com/PhantomIntroduction.pdf
Token Information：https://etherscan.io/address/0x3f9bec82c776c47405bcb38070d2395fd18f89d3
Phantom Startup Sale Rules
(1) Duration: 04:00 AM – 10:00 AM(UTC), September 8th 2021 (Orders placed by qualified users within these 6 hours will be treated equally.)
(2) To participate in Startup Sale, users will need to be VIP1 and above.
(3) Price: $0.005 Startup Supply: 20,000,000 PHM
(4) Purchase limit: The maximum subion limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subion allocation is:
the maximum number of subions (not the final actual subion number) = the square of the VIP level multiplied by 10. For example:
VIP2 users can subscribe up to 2 * 2 * 10 = 40 shares
VIP3 users can subscribe up to 3 * 3 * 10 = 90 shares
(5) Unlocking Rule: 100% on TGE
(6) Users place orders using USDT.
(7) Users can place orders from 4:00 AM – 10:00 AM(UTC), September 8th 2021. Orders placed by qualified users within these 6 hours will be treated equally.
(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) Each type of currency can only purchase once with each KYC account.
(10) After 10:00 AM(UTC), 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.
(11) Trading starts time: September 8th 12:00 PM(UTC)
📰 INFO
