EtherFi is a non-custodial Ethereum staking protocol with its own Liquid Staking Token (LST). It allows users to stake their ETH natively to enhance the security of the Ethereum chain in exchange for rewards and LST tokens.
At the core of the EtherFi protocol lies its native $ETHFI token, which serves multiple purposes within the platform, including rewarding stakers, node validators, and providing access to decentralized governance voting.
Recently, Ether.Fi announced its listing and subsequent IEO on the Gate.io exchange, putting over 6,000 $ETHFI tokens up for sale and raising over $20,000.
No lock-up
Users can participate in the Gate.io IEO in two different ways, depending on whether they have VIP status on the platform:
For non-VIP users:
Gate.io offers a random lottery for non-VIP users. To participate, they need to complete KYC 2 verification and have at least 10 USDT in their spot balance. Then, they should visit the $ETHFI IEO page and click on the "$0 Free to Claim" button before the registration deadline ends at 08:00 AM on March 18th, 2024 (UTC).
For VIP users:
To participate in the IEO with VIP status, users need to complete KYC 2 verification and have at least VIP 1 status, meeting the following requirements (For VIP 1):
More information about Gate.io VIP statuses can be found here.
If users meet at least VIP 1 requirements and have acquired at least 10 USDT in their spot balance, they should visit the Ether.Fi token IEO page and click on "Claim Free Airdrop" to access the startup page. Participants then need to click on "Claim and subscribe" to confirm participation in the IEO.
For non–VIP users: Log in or Create account on Gate.io;
Complete KYC 2 verification and get at least 10 USDT on your spot balance;
Visit EtherFi IEO page;
Click on the "$0 Free to Claim" button;
For VIP users: Log in or Sign up on Gate.io;
Meet one of three these requirements to get at least VIP 1 level;
Go to the EtherFI IEO page;
Click on the "Claim Free Airdrop";
Complete subscription by clicking the "Claim and subscribe" button.