(1) Order Duration: August 2nd 10:00:00 AM -August 3rd 2:00 AM UTC
(2) To participate in Startup Sale, users should agree to lock up DAO for a period of 15 days.
(3) The price is $0.05
(4) Users can place orders by agreeing to locking up DAO for 15 days
(5) Users can place orders from August 2nd 10:00:00 AM – August 3rd 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 15 days) and USDG (amount to pay for DERC token 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 August 3rd, 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 DERC 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 15 days. Participants will receive a proportional amount of DERC 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).