Gate.io Startup Initial Offering-DAO SHO Project- Blockasset (BLOCK)

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-Blockasset (BLOCK) Sale on Dec8,2021 at 10:00 AM
UTC.

Startup Link: https://www.gate.tv/startup/338

Project
Introduction

Blockasset
leverages strategic relationships with athletes, sports agencies, and sports
clubs and connects them with fans on a one-stop athlete NFT platform.

The platform
will have four core components: A blockchain NFT (non-fungible-token)
marketplace – this is the central hub of the Blockasset ecosystem, a
custom/white label athlete NFT marketplace facility for major sports brands and
organisations, a community rewards and staking system build into the platform,
and an NFT gaming suite. Together the components create the intertwined
Blockasset ecosystem where fans and athletes have multiple touch points which
support virtual and real-world engagement.

The ecosystem
has a native utility token called BLOCK token, which has various functions
including governance, NFT discounts, priority access, athlete content
governance, staking and NFT farming.

Token
Distribution

Seed 2.13%

Private Round I 8.98%

Private Round
II 2.50%

Public 1.34%

Liquidity 12.50%

Ecosystem 25.00%

Team 12.55%

Partners,
Advisors, & Consultants 10.00%

Foundation 25.00%

Prices of sales
rounds

Seed Price:
0.047

Lockup:SEED 20%
every 3 months from month 13

Private I
Price: 0.078

Lockup: PRIVATE
I 20% TGE, 10% every 3 months from month 4

Private II
Price: 0.125

Lockup: PRIVATE
II 20.06% TGE, 11.42% every 3 months from month 4

Public Price:
0.078

Lockup: PUBLIC
20% TGE, 10% every 3 months from month 4

Website: https://blockasset.co

Important
Notice about Gate.io Startup Sale for Blockasset (BLOCK)

1.Startup
supply: 641,025.64 BLOCK;Price:$0.078

Vesting: 20% TGE, 10% every 3 months from month 4

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 BLOCK tokens to their share of DAO tokens locked up on
Gate.io.

5.The BLOCK tokens will not be released until the
Token Generation Event. Tokens will be distributed to eligible participants
based on the vesting schedule of the token after Gate.io has received tokens
from the project team. In the case the project team fails to deliver tokens to
Gate.io in the future, Gate.io may refund users for any portion of
tokens they couldn’t receive.

6.The startup sale is designed for Blockasset’ 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 Blockasset’s DAO SHO Portion Sale on
Gate.io’s Startup

(1) Order Duration: Dec 8, 10:00:00 AM-Dec9 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 $0.078

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

(5) Users can place orders from Dec 8, 10:00:00 AM
– Dec9, 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 9, 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 BLOCK 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 BLOCK 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.