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# Gate.io Launches GMAT Investment Competition, Winners To Share 4,000,000 GMAT

Gate.io launches GMAT Investment competition, 100 Winners To Share 4,000,000 GMAT in prizes.

1. Time
UTC 4:00, September 16th, 2019-UTC 4:00, September 23th, 2019

2. Rules
The 4,000,000 GMAT in prizes will be shared based on the following ratio:
1) 1st prize: 1,000,000 GMAT
2) 2nd prize: 600,000 GMAT
3) 3rd prize: 400,000 GMAT
4) The rest of the 97 winners will share 2,000,000 GMAT based on their net purchase ratio.

Note:
(1) The competition result will be calculated based on the data at competition's end. The purchase amount during the competition is calculated as (buy amount during the competition - sell amount competition). The GMAT prizes will be distributed within 7 working days at competition's end.

*Competition Purchase Amount =(buy amount - sell amount) x (time factor). Transactions between the same accounts will be excluded, wash trading is forbidden. Time factor will decay linearly from 1.2 to 1.0 during the competition. Thus, the earlier a trader buys-in, the higher the value he or she can get.

(2) Since different VIP levels determine different trading costs, to ensure fairness of the competition, the trading volume will be calculated as (trading volume) × (actual trading fee/VIP14 trading fee), so that the trading cost margin between different VIP levels can be eliminated.

(3) Since users who refer friends get extra discount on trading fees, to ensure fairness of the competition, the discount for referrers will also be held in consideration to eliminate the trading cost differences.

Thanks GoWithMi Team for their support.
Visit GoWithMi official website:http://gowithmi.com

Deposit GMAT at：
https://www.gate.io/myaccount/deposit/GMAT

Gate.io reserves the final right to interpret this activity.

Gate.io is a trading platform that does not charge listing fee, only launches quality projects, and provides users with a 100% guarantee and instant deposit-withdrawal services.
Get 30% trading fee in the affiliate program at https://www.gate.io/myaccount/myreferrals

Gate.io New Features:
Lending on Gate.io (secure and stable, high annual return):https://www.gate.io/margin/lend/USDT

Telegram：https://t.me/gate_io
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio

Gate.io
Sep. 15, 2019

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