BTC Startup Sale Result

The Gate.io Startup Special Offer with 20% Discount BTC Sale has been successfully completed. Up next are more top currency sales with discounts. To participate in the Startup Special Offers with Top Currencies, please go to: https://www.gate.io/startup.

In this sale, there were 1,449 participants, and a total of about 2.3 million USDT worth of orders were placed to purchase BTC with a 20% discount. The distribution ratio was about 8.591%. Users can check the balance at https://www.gate.io/myaccount/mystartup

The result of the GT Buy-back and Burn in this Startup Special Offer will be announced once the token burn is finished.

The purchase result is as follows:

Total value of orders (in USDT): 2,344,537.814976013 USDT
Total value of qualified orders (in USDT): 2,327,971.188326414 USDT
Number of orders: 1,449
Number of Qualified orders: 1,440
Percentage of qualified orders: 99.378881987578 %
Percentage of succeeded purchases: 99.293394777266 %
Number of participants: 1,449
Number of qualified participants: 1,440

Average qualified order value per user (in USDT): 1,616.64665856 USDT
Average distributed BTC per user: 0.018836571152778 BTC

F (distribution ratio with GT) = 0.085911716171618

Per the previous announcement, all qualified orders will obtain the token on sale equally. To guarantee transparency and fairness, all original records are stored for possible third-party auditing.

Lucky Draw Result

Below is the list of winners of the lucky draw in this Startup Sale.

UID
228***
118****
273****
252****
458***
255****
254****
380***
625***
718***

Congratulations to the winners above!

About Startup Special Offers

To bring more benefits to our users, Gate.io has upgraded Startup Special Offer and we will launch sales for top currencies (i.e. BTC, ETH, EOS) with discounts. VIP users and GT holders can participate in the sales with USDT. All the USDT received from the Special Offer token sale will be used to purchase GT from the open market, and the purchased GT will be burned publicly. For more details of the Gate.io Startup Special Offer Upgrade, check out https://www.gate.io/article/16985

The detailed purchase rules are as follows:
1) Users can purchase some of the top currencies (i.e. BTC) with discounts (i.e. 20% off) via the Startup Special Offers.
2) To participate in the Startup Special Offers, users are required to have certain VIP levels. The purchase limit will be calculated based on users’ GT holdings. Please refer to the announcement of each sale for the details.
3) The amount of token distributed to each user will be calculated based on the total amount of token on sale and the number of orders placed within the 2-hour sale (The distribution ratio will be raised to decrease the amount of USDT user need to place, lottery distribution model with GT may apply in the future).
4) Users can participate in the Special Offer sales with USDT (Borrowed USDT is also allowed. For other Startup Sales, users need to participate with GT).
5) The USDT received from all the Startup Special Offer will be used to purchase GT from the open market.
6) All the GT purchased will be burned publicly.

Let’s take an example, based on one of our previous’ campaigns: The BTC $250,000 Startup Special Offer with a 20% discount. We are operating the example under the assumption
Bob is a VIP4 user, and his lowest 14-Day GT holding is 10,000 GT.

1) According to the purchasing rules, with a VIP4 Status, Bob has a purchase limit of 1,200 USDT and so he places an order worth 1,200 USDT.
2) The value of the total order placed within the 2-hour sale is 5,000,000 USDT. The distribution ratio is hence 5%.
3) Based on the data above, Bob can get 1200 USDT*5%=60 USDT worth of BTC.
4) The received 200,000 USDT (20% of 250,000) are used to purchase GT from the open market.
5) All the purchased GT are burned.

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Gate.io
May 28, 2020