Gate.io Startup Initial Offering-DAO SHO Project- ShopNEXT (NEXT)

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-ShopNEXT (NEXT) Sale on Nov 30, 2021 at
10:00 AM UTC.

Startup Link: https://www.gate.io/en/startup/

Project Introduction

ShopNEXT is a
Shop-to-Earn Crypto Onboarding Platform promoted by Binance. They onboard new
crypto users by rewarding them with free crypto (Bitcoin, Ethereum, BNB, USDT)
when shopping at ShopNEXT partners.

In addition, for
every shopping transaction, ShopNEXT also rewards users extra NEXT, the
cryptocurrency issued by ShopNEXT. Users can sell NEXT on the DEX and CEX
exchanges to make money. The Shop-To-Earn model ShopNEXT wants to build up is a
world-first.

ShopNEXT is backed
by Shopiness, the top cashback platform in Vietnam. Shopiness currently has
700.000 users and 100.000 MAU, who generate $4M GMV from 1M transactions
monthly. ShopNEXT has already partnered with more than 600 local and global
merchant brands such as: Shopee, Lazada, Amazon, Adidas, Booking.com, etc.

Token Information

Ticker:NEXT

Total Supply:
100,000,000 NEXT

Initial circulation:
59,291,667 NEXT

Blockchain Network:
BSC

Token Distribution:

Angel Round: 3%

VC Round: 15%

SHO:2%

Company Reserve: 15%

Staking, liquidity,
MM & Incentives: 10%

Team: 18%

Partners, Advisors,
& Consultants: 2%

Marketing,
Acquisitions, & Licenses: 10%

Price & Lockup
for Sale Rounds

Angel Round
Price:$0.010

Lock-up:15% unlocked
on TGE, 3 months cliff, then 4.25% monthly

VC Round
Price:$0.015

Lock-up:15% unlocked
on TGE, 3 months cliff, then 4.25% monthly

SHO Price:$0.015

Lock-up:25% unlocked
on TGE, 3 months cliff, then 25% monthly

Website: https://shopnext.io

Important Notice
about Gate.io Startup Sale for ShopNEXT (NEXT)

1.Startup supply:
4,000，000 NEXT;Price:$0.015

Vesting: 25% on TGE,
3 months cliff, then 25% monthly

2.Payment currency:
USDG, Lockup currency: DAO

3.Eligible
participants: agree to lock up DAO for a period of 10 days. Individual cap is
20K DAO.

4.Token
distribution: participants get a proportional amount of NEXT tokens to their
share of DAO tokens locked up on Gate.io.

5.The NEXT tokens
will not be released until the Token Generation Event. Users won’t get any
token immediately after the Gate.io startup sale.

6.The startup sale
is designed for ShopNEXT’ DAO Maker SHO portion.

7.The cryptocurrency
market is highly volatile. The project team does not guarantee that the token
price will not be lower than SHO price. Please invest with caution, and don’t
invest beyond your financial capacity.

Rules of ShopNEXT’s
DAO SHO Portion Sale on Gate.io’s Startup

(1) Order Duration:
Nov 30th, 10:00:00 AM-December 1st, 2:00 AM UTC

(2) To participate
in Startup Sale, users should agree to lock up DAO for a period of 10 days.

(3) The price is
$0.015

(4) Users can place
orders by agreeing to locking up DAO for 10 days

(5) Users can place
orders from November 30th, 10:00:00 AM – December 1st, 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 10 days) and USDG (amount to pay for new tokens actually received)
in accounts after placing the orders. An insufficient DAO or USDG balance will
result in the cancellation of the purchase order.

(7) Each individual
can only purchase once with an account passing KYC.

(8) After December
1st, 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 NEXT 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 10 days. Participants will receive a proportional amount of NEXT tokens to
their share of DAO tokens locked up on Gate.io according to the token release
schedule.

Example(with
hypothetical data and conditions ):

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 of the new tokens will be deducted from User A’s spot account balance.

Attention

(1) Countries not
supported: Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Burundi,
Burma, Canada, China (Taiwan), 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 uate 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.