To thank our users for their continued support, Gate.io will be offering
$250,000 worth of BTC for sale with a 20% discount via ‘Startup’ at
4:00 AM GMT on July 30th.
To participate in the ‘Startup’ BTC Special Offer, please head over to:
https://www.gate.io/startup/52
Mobile users please go to“Market” –“Startup”.
BTC ‘Startup’ Sale 20% Discount Rules:
1. Time: 4:00 AM GMT, July 30th
2. The amount and the price of the BTC for sale will be calculated at a
random time within an hour prior to the sale. The data will be updated
accordingly on the ‘Startup’ Platform.
3. Participants can
purchase with USDT (borrowed USDT will also be allowed; the interest
will be calculated on an hourly basis).
4. All the received
USDT ($200,000) received will be used to purchase GT from the open
market, and the purchased GT will be burned publicly.
5. Participants need to be VIP1 and above.
6. Purchase limit: The individual purchase limit will be calculated based
on the average holdings of GT (including the asset in Lending/Borrowing
Market, and the GT bought with USDT borrowed from Margin Trading;
however, GT borrowed from Margin Trading is not included) 14 days before
the sale. Users with no GT holdings cannot participate in the sale.
Participants can have a higher purchase limit with more GT holdings.
Below shows the purchase limit based on different amount of GT holdings.
Maximum orders (not equal to actual orders placed) =average 14-day GT balance (take an
integer value)/ 200. The purchase limit is 1,500 orders.
E.g.
User X is VIP1 (monthly total trading volume ≥ 3BTC, GT holdings ≥ 40 ).
He or she has never held GT, but purchases 14,000 GT the day before the
Startup Sale. Therefore, user X’s average 14-day GT balance is 14,000
GT/ 14 days= 1,000 GT, so the maximum orders =1,000 / 200= 5, and User X
meets the requirement of being a VIP user. User X can place up to 5
orders in the Startup Sale.
7. Users need to ensure there is sufficient balance (exceeding the
purchase value) in the accounts for the purchase after placing the
orders. An insufficient balance will result in the cancellation of the
purchase order.
8. Each KYC account can only purchase once.
9. After 6:00 AM GMT, we will collect the qualified orders and distribute
the tokens according to the individual purchased orders: total purchased
orders ratio. The final result will be announced via Gate.io Official
Announcement.
10. The distribution calculation rules are as follows:
F (distribution ratio) = Daily BTC supply limit ÷ Total BTC orders
P (actual individual purchased BTC) = F × qualified individual orders
M (actual payment amount) = Startup Sale Price × P
E.g. The sale supply limit is 25 BTC. The amount of order placed is 50 BTC. Bob has placed an order to purchase 1 BTC.
Thus:
F (distribution ratio) = 25 ÷ 50 =0.5
P (actual individual purchased BTC) = 0.5 × 1 = 0.5
M (actual payment amount in GT) = 0.5 × Startup Price in USDT
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instant deposit-withdrawal services.
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Gate.io New Features:
Spot Trading on Gate.io (200+ tokens):
https://www.gate.io/trade/BTC_USDT
Margin Trading on Gate.io (Long or Short):
https://www.gate.io/margin_trade/BTC_USDT
Perpetual Contract Trading:
https://www.gate.io/futures_trade/BTC_USD
Lending on Gate.io (secure and stable, high annual return):
https://www.gate.io/margin/lend/USDT
C2C Trading on Gate.io:
https://www.gate.io/c2c/usdt_cny
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Gate.io
July 27, 2020