Gate.io (GT), a leading cryptocurrency exchange, has launched the Startup Project Free Airdrop Program, according to the reports shared with Finbold on Friday, January 10.
The program will see sporadic free airdrops for potential blockchain projects, with the first featuring Camino Network (CAM).
New Initial Offering: Claim your share of $40,000 $CAM @camino_network
— Gate Startup (@Gateio_Startup) January 9, 2025
✅ Hold $10 spot asset & claim free #airdrops.
⏰ 06:00am, Jan 15 – Jan 17 (UTC)
Claim Now: https://t.co/czf66yTB06
Trading: 10:00am, Jan 17 (UTC)
More: https://t.co/P7Fhj4GaAT#Gateio #GateioStartup… pic.twitter.com/bfJl0tBc70
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Camino Network initial free offering on Gate.io
The initial free Camino Network offering is set to run from 6 AM UTC on January 15, 2025, to 6 AM UTC on January 17, 2025, with trading under the CAM/USDT trading pair commencing on January 17, 2025, at 10 AM UTC.
With a total supply of 333,333 CAM tokens available, the fundraising goal for the launch is set at $40,000 Tether (USDT), and all tokens will be 100% unlocked upon distribution.
To participate, users must go through a Know-Your-Customer (KYC) verification and maintain a spot asset balance of no less than $10 USD.
CAM free airdrop rules
The rules are designed to reward higher-tier users while ensuring newcomers are not left out.
However, users residing in restricted locations — including but not limited to the United Kingdom, the United States, Mainland China, Singapore, Canada, France, and Germany — might be prohibited from participating.
VIP users will benefit from increased access, with higher VIP levels allowing for more airdrop shares, up to a maximum of 8,000 shares per user.
On the other hand, non-VIP users can join the program by holding a minimum of $10 USD in spot assets to participate in a lucky draw for free airdrop shares.
During the token distribution phase, each user’s current VIP level will determine how many shares they receive, the portion being based on the user’s valid subscription amount relative to the total.
For Non-VIP users, the portion will be selected at random.
