[//]:content-type-MARKDOWN-DONOT-DELETE About Gate.io Startup Free Airdrop Program In order to reward platform users, Gate.io launched the "Startup Project Free Airdrop Program", and free airdrops for blockchain excellent projects are launched in the Startup area from time to time. VIP and GT users can get a variety of tokens airdrop benefits. This Vela Exchange(VELA) Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of event.​​ Startup Link: https://www.gate.io/startup **Introduction to Vela Exchange(VELA)** Vela Exchange is a next generation perpetual trading DEX with best-in-class trading tools, community support, and fast execution / settlement. Created to provide traditional finance-like capabilities for decentralized trading, Vela Exchange mixes a strong user experience with incentivization programs to create a thriving ecosystem. (The information below is provided by the Vela Exchange(VELA) team. Please follow Vela Exchange(VELA) for more information） **Token Information** Token Name: Vela Token Symbol: VELA Max Supply：50,000,000 Token Type: Arbitrum Contract: https://arbiscan.io/token/0x088cd8f5ef3652623c22d48b1605dcfe860cd704 Token distribution ratio and unlocking rules: Community Incentives-30%: Reserved for LP reward emissions, market making and platform liquidity rewards, beta test rewards, and other incentives. Limited to 5% (2.5m) maximum yearly emissions. Growth Fund -19%: Reserved for any future grants, DEX liquidity, market maker allocation for CEXs, team growth and other expansion efforts. Limited to 10% (5m) maximum yearly emissions. Marketing - 5%： Reserved for marketing rewards including distributions via KOL partnerships, and co-marketing efforts with partners. Core Team -16%:6 month cliff with linear vesting for 36 months, starting from time of onboarding. DXP Bridging -18%: $DXP supply to be bridged until June 1, 2023. All of which will be claimable 1:1 for VELA. Investors & Partners - 10%: Allocated towards future investment rounds for VELA. These allocations will be subject to new cliff and vesting periods. Advisors - 2%: 6 month cliff with linear vesting for 18 months, starting from the time of onboarding. Website: https://www.vela.exchange/ WhitePaper ：https://www.vela.exchange/whitepaper.pdf **Vela Exchange(VELA) Startup Sale Rules** (1) Duration: 12:00 PM 28th Mar, 2023 - 06:00 AM 29th Mar, 2023 (UTC) (Orders placed by qualified users within these 18 hours will be treated equally.) (2) Trading Starts Time: 08:00 AM 29th Mar, 2023 (UTC) Trading Pairs: VELA/USDT (3) Price: 0 USDT (4)Startup Supply : 9,434 VELA (5) Users purchase using USDT. (6) Unlock rule: 100% unlock. (7) To participate in Startup Sale, VIP 0 users need to hold no less than 500 USD worth of Spot Assets in balance, and the number of share will be 1/4 of VIP 1 users’ share; The higher the VIP tier, the more shares. For VIP 1 and above, the higher the VIP level the higher the contribution share will be. Each user can only purchase once with KYC account (8) Purchase limit: The maximum contribution limit for a single user is 1500 shares; the relationship between the VIP level and the maximum contribution allocation, please refer to the link: https://www.gate.io/article/29892 (9) 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. (10) 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. The final result will be announced before trading starts. (11) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behaviour, and any cheating behaviour is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards. **Gate.io Labs Private Sale Participating Disclosure** Gate.io Labs hasn't participated in the Vela Exchange(VELA) investment. **Attention** (1) Countries not supported: the United States, Canada, Malaysia, Singapore, Mainland China, Malta, Cuba, Iran, North Korea, Crimea, Sudan, Syria, Bangladesh, Bolivia. 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 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 1,400 cryptocurrencies safely, quickly and easily on Gate.io [Sign up](https://www.gate.io/signup "Sign up") to enter the crypto gateway and get 40% commission from [referrals](https://www.gate.io/referral "referrals") [Download iOS/Android App](https://www.gate.io/mobileapp?ch=ann27560 "Download iOS/Android App") right now. Reach out to us! Twitter: https://twitter.com/gate_io GateVIP Twitter: https://twitter.com/GateioVIP Telegram: https://t.me/gate_io API Telegram: https://t.me/gateioapi Instagram: https://www.instagram.com/gateioglobal Medium: https://gateio.medium.com/ Podcast: https://gateio.buzzsprout.com/?ch=buzzs Gate.io Team March 28, 2023