Powerloom (POWER) Gate Startup Initial Offering: Hold GT to Claim $1 Million Airdrop

Gate will list Powerloom (POWER) for spot trading on January 10th, 2025, at 9:00 AM (UTC). To reward our users, GT holders can participate in Startup to share up to $1,000,000 worth of POWER tokens for free. Don’t miss the chance to seize this bonus!

1.Startup GT Holder Exclusive Airdrop: Share $200,000 POWER
-Duration: 05:00 AM on January 8th - 05:00 AM on January 10th (UTC), 2025
-Startup Total Supply: 869,565 POWER
-Unlock rule: 100% Unlock
-Participation Requirement:
(1) Hold ≥ 10 GT to share the total prize pool based on your GT holdings snapshot proportion. The maximum airdrop allocation per user is 30,000 GT.
(2) If you hold less than 10 GT but have at least 10 USD in spot assets, you can enter a lucky draw. A portion of lucky users will be randomly selected to share the airdrop, with no fixed number of winners or set prize amounts.

Startup FAQ
How to Claim Airdrop: Log in to your Gate account and complete identity verification → Navigate to the Startup → Hold no less than 10 USD of spot asset → Click [Hold GT & Claim Free]

2.Startup Mining: Stake to earn, $800,000 POWER to be claimed!
Mining Period: 05:00 AM on January 8th - 05:00 AM on January 15th (UTC), 2025

Unlock rule: 100% Unlock
Participation Requirement:
(1) The system will distribute token rewards to users' spot accounts every hour based on the proportion of assets staked by each user.
(2) New User Exclusive Staking Pool: Only new users who sign up after 16:00 PM, Jan 3, 2025 (UTC) are eligible.

Startup Mining FAQ
How to Participate: Log in to your Gate account and complete identity verification → Navigate to the Startup Mining → Hold no less than 0.1 USDT or 0.01 GT → Click [Stake Now].

Notes:
1.GateToken (GT) is the unique exchange token of Gate exchange and the native token to Gatechain public chain. Hold GT now: https://www.gate.com/trade/GT_USDT
2.Please complete identity verification before participating in Startup to enhance the security of your account and assets.
3.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.
4.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
5.Gate reserves all rights to the final explanation.
6.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 for further details on Restricted Locations.

Project Information
(The information below is provided by the Powerloom(POWER) team. Please follow the Powerloom(POWER) website for more information）
-Introduction：
Powerloom is the composable data network ensuring hassle-free access to reliable, verifiable onchain insights for consumers in web3. $POWER, it’s native gas token, fuels activities in this ecosystem.
-Token name: Powerloom
-Token symbol: POWER
-Max Supply: 1,000,000,000
-Token Type: ERC-20/Mainnet
-Token Contract:
ERC-20: https://etherscan.io/token/0x429f0d8233e517f9acf6f0c8293bf35804063a83
Mainnet explorer: https://explorer.powerloom.network/
-Token Distribution and Unlocked Rules:
Investor Allocation (13%): 12-month lock-up, 12-month vesting period.
Community Incentives (10%): 15% unlocked at TGE, 3-month lock-up, 9-month vesting period.
Network Incentives (27%): 2.07% unlocked at TGE, 48-month vesting period.
Team Allocation (20%): 12-month lock-up, 36-month vesting period.
Advisors (2%): 12-month lock-up, 24-month vesting period.
Reserve (9%): 12-month lock-up, 24-month vesting period.
Ecosystem (6%): 3-month lock-up, 45-month vesting period.
DAO Treasury (11%): 24-month lock-up, 24-month vesting period.
Liquidity (2%): Fully unlocked at TGE.
-Website: https://powerloom.network
-Whitepaper: https://blog.impossible.finance/powerloom/

Gate Labs Investment Disclosure
Gate Labs did not invest in Powerloom (POWER).

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.

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Gate Team
January 7th, 2025