[//]:content-type-MARKDOWN-DONOT-DELETE This Velar(VELAR) will only be available for GT subscriptions. Please be aware that the participation users’ funds will not be deducted at the end of this Velar(VELAR) Subscription. **Introduction to Velar(VELAR):** Velar is at the cutting edge of DeFi, offering a Bitcoin Layer 2 agnostic liquidity protocol that's reshaping the financial landscape. With its groundbreaking Perpetual DEX, Velar introduces a first-of-its-kind platform that merges the security and robustness of Bitcoin with the innovative possibilities of DeFi. Aimed at unlocking Bitcoin's potential in decentralized finance, Velar provides a versatile and dynamic ecosystem that empowers users with new financial tools and opportunities, setting a new standard in the integration of Bitcoin into the DeFi space. (The information below is provided by the Velar(VELAR) team. Please follow Velar(VELAR) for more information） **Token Information** Token Name: Velar Token Symbol: VELAR Max Supply: 1,000,000,000 Token Type: ERC-20 Smart Contract Address: https://etherscan.io/address/0x033BbDe722EA3Cdcec73cFFEA6581DF9F9C257de Token distribution ratio and unlocking rules: Founding Team：17% Advisors: 4% Seed: 10% Strategic: 5% IEO: 1% IDO: 0.5% Treasury: 15% Liquidity Provisioning: 5% Community Rewards: 35% Dharma Airdrop: 1% Points Rewards: 0.5% Team: 3% Artha airdrop: 1.5% Future airdrop: 1.5% Website: https://www.velar.co/ Whitepaper: https://www.velar.co/Velar.pdf **Velar(VELAR) Startup Subscription Rules：** (1) Duration: 08:00 AM April 1st, 2024 - 08:00 AM April 3rd, 2024 (UTC) (Orders placed by qualified users within these 48 hours will be treated equally) (2) Trading Starts Time：12:00 PM April 3rd, 2024 (UTC) The Trading Pair: VELAR/USDT (3) Subscription Token: GT (4) Subscription Price: $0 GT（The GT pricing of this event is $10 USDT ） (5)Subscription Share: 1GT per share (6) Subscription Total: 2000GT (7) Startup Total Supply: 666,667 VELAR (8) Unlock rule: 100% Unlock (9) Participation Requirement: **1.Users with an average GT holding of no less than 10 GT(which is 1 share) over the past 14 days are eligible to participate in the GT holder-exclusive airdrop subscription and share token rewards.** 2.The more GT you hold on average over the past 14 days, the more subscription shares you receive, and ultimately, the more tokens you get. Tokens received by participants = (Participant’s subscription shares / Total subscription shares) × Startup total supply. 3.GT tokens contributed by participants have no lock-up period, allowing users to participate in multiple projects simultaneously with no participation limit. **4.Based on the users’s GT average 14 days position, each user would receive one share per every 10GT held. The subscription limit for a single project is 3,000 shares per user. If the project’s share is less than 3000, each user’s subscription limit for the project will be limited based on the total shares of the project.** [Click to check My GT Holdings](https://www.gate.io/gt "Click to check My GT Holdings") (10) Announcement of results: After the end of the day’s subscription, the system will count all eligible subscription orders. Please Note: Multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behavior is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards. **How to Participate** Log in to your Gate.io account → Navigate to the [Startup page ](https://www.gate.io/startup "Startup page ")→ Ensure your average GT holding over the past 14 days is no less than 10 GT → Participate in the subscription. **Notes:** 1.Participants must complete KYC2 verification. 2.Each 10 GT can be subscribed for 1 share, with a maximum subscription limit of 3,000 shares per user for one project. 3.The maximum subscription share is calculated based on the snapshot of the average GT holding over the last 14 days. GT Holding Calculation including the asset in the Lending/Borrowing Market, and the GT bought with USDT borrowed from Margin Trading; however, GT borrowed from Margin Trading is not included. 4.If the total GT holdings of the participants at the time of token distribution are lower than the total GT holdings at the time of subscription, the user will receive the corresponding token amount based on the actual GT holdings at the time of distribution (still subject to the minimum requirement of 10 GT); otherwise, no adjustments will be made. 5.The final subscription results will be announced before trading begins. You can check your results in “[My Spot Account“](https://www.gate.io/myaccount/myfunds/spot "My Spot Account“") or “[Subscription History](https://www.gate.io/startuplist/history "Subscription History").” 6.The exclusive subscription for GT holders will start soon. Please stay tuned to our [official announcements](https://www.gate.io/articlelist/ann "official announcements") and [social mediafor](https://twitter.com/Gateio_Startup "social mediafor") the latest updates. 7.Please adhere to the relevant rules of the event when participating. Any cheating behavior is prohibited. An occurrence of any dishonesty will result in the disqualification of the rewards. 8.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail. 9.Gate.io reserves all rights to the final explanation. 10.This event is not affiliated with Apple Inc. Users in the United Kingdom and other Restricted Locations cannot access the Services (including the participation in this event, game or competition). See the [User Agreement](https://www.gate.io/user-agreement "User Agreement") for further details on Restricted Locations. **Gate.io Labs Investment Disclosure** Gate.io Labs did not invest in Velar(VELAR) . **Attention** (1) Please be noted that we may restrict or prohibit the use of all or a portion of the Services (including the participation in this event, game or competition) from Restricted Locations, including but not limited to the United Kingdom, United States of America, Mainland China, Singapore, Canada, France, Germany, Hong Kong, Lithuania, Malaysia, Malta, Cuba, Iran, North Korea, Sudan, Syria, Crimea Region, Spain, Luhansk, Donetsk, Netherlands, Bolivia and so on. We may in our sole and absolute discretion elect to make the Services, or only part of the Services available in certain jurisdictions. For more information regarding the Restricted Locations, please read the User Agreement “[Section 2.3(d) Restricted Locations](https://www.gate.io/user-agreement "Section 2.3(d) Restricted Locations")”. We do not intend to solicit or conduct marketing towards customers in such Restricted Locations. (2) Risk Warning: -The project team does not guarantee that token price will not be lower than its startup sale price. Please invest with caution, and don’t invest beyond your financial capacity. -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 evaluate 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. Gateway to Crypto Trade over 1,700 cryptocurrencies safely, quickly, and easily on Gate.io Download Gate.io [App](https://www.gate.io/mobileapp?ch=ann28618 "App") / [Web](https://www.gate.io/mobileapp "Web") Client now>>> Follow us on [Gate.io X (Twitter)](https://twitter.com/gate_io "Gate.io X (Twitter)") to get more bonuses>>> Join our [Telegram](https://t.me/gateio_en "Telegram") to discuss hot topics>>> Join our [Global Community](https://www.gate.io/community "Global Community") to get more updates>>> We provide [100% proof of reserve](https://www.gate.io/proof-of-reserves "100% proof of reserve")>>> [Sign up](https://www.gate.io/signup "Sign up") to enjoy max. $6666 in rewards exclusively for new users Get 40% commission from [referrals](https://www.gate.io/referral "referrals") Gate.io Team Mar 29th, 2024