[//]: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 SAIL by Clipper (SAIL) 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 SAIL by Clipper (SAIL) SAIL is the governance token of AdmiralDAO, the DAO behind Clipper. Clipper.exchange is the best place to swap and LP blue-chip crypto assets like ETH, WBTC and USD. It pioneers a novel Formula Market Maker design that delivers better prices and lower gas for traders while eliminating impermanent loss for LPs so that they actually make money. Clipper is the only DEX that consistently achieves above-market returns through a daily rebalancing portfolio of crypto assets. (The information below is provided by the SAIL by Clipper (SAIL) team. Please follow SAIL by Clipper (SAIL) for more information） Token Information Token Name: SAIL by Clipper Token Symbol: SAIL Max Supply：1,000,000,000 Token Type: ERC-20 Contract: ERC-20: https://etherscan.io/token/0xd8F1460044925d2D5c723C7054cd9247027415B7 Token distribution ratio and unlocking rules: Community: 30% DAO Treasury: 20% Protocols & Service Providers: 10% Shipyard Software: 40% Website: https://www.admiraldao.xyz/ WhitePaper ：https://docs.clipper.exchange/introduction/what-is-clipper SAIL by Clipper (SAIL) Startup Sale Rules (1) Duration: 10:00 am 21st Aug, 2023 - 10:00 am 22nd Aug, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.) (2) Trading Starts Time: 01:00 pm 22nd Aug, 2023 (UTC) Trading Pairs: SAIL/USDT (3) Price: 0 USDT (4)Startup Supply : 625,000 SAIL (5) Unlock rule: 100% unlock. (6) 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 (7) 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 (8) 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. (9) 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. Gate.io Labs Private Sale Participating Disclosure Gate.io Labs hasn't participated in the SAIL by Clipper (SAIL) 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/Gateio_Inst 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 August 21th, 2023