The Gate.io Startup Kardiachain (KAI) Token Sale started at UTC 4:00 and
ended at UTC 6:00 on April 8, 2020. All orders placed during this
period were treated equally. With a total of 2,424 participants, a total
of about $19.2million USD worth of orders were placed (with a total of
about 43.24 million GT), and the distribution ratio is 0.05663.
Gate.io will distribute KAI based on the data we collected, please go to "My Startup" for the balance detail.
https://www.gate.io/myaccount/mystartup
1. Kardiachain Coin (KAI) Token Sale Result
The Gate.io Startup Discount Offer Kardiachain (KAI) token sale result is as follows:
KAI Startup Sale Amount: 750,000,000 KAI
Total value of orders (in USDT): 19,201,190.400233496
Total value of qualified orders (in USDT): 19,068,393.600231867
Number of orders: 2,424
Number of Qualified orders: 2,413
Percentage of qualified orders: 99.546204620462 %
Percentage of succeeded purchases: 99.308392879641 %
Number of participants: 2,424
Number of qualified participants: 2,413
Average qualified order value per user (in USDT): 7,902.3595525205
Average distribution value per user (in GT): 1,015.0841276419 GT
Average distributed KAI per user: 310,816.41110651 KAI
F (distribution ratio with GT) = 0.056638226725087
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.
Attention: Most unqualified orders occurred due to insufficient balance
in the user account. Please ensure there is sufficient balance
(exceeding the purchasing value) for the order by UTC 8:00 A.M. The
insufficient balance will result in the cancellation of the purchase
order.
2. Lucky Draw Result
Below is the list of winners of the lucky draw in this Startup Sale.
UID
743***
282***
745***
255****
251****
435**
439***
378***
261****
247****
Congratulations to the winners above!
3. KAI Trading Service
The KAI trading service will be
enabled at
UTC 4:00, Thursday, April 9 on Gate.io. The withdrawal
service will be available afterwards.
Deposit KAI at:
https://www.gate.io/myaccount/deposit/KAI
Trade KAI at:
https://www.gate.io/trade/KAI_USDT
To decrease volatility during the initial trading stage, we will apply the Call Auction Mechanism. The rules are as follows:
1) During the call auction, traders can place orders freely, but the
orders will not be active immediately. The real-time reference trading
price will be presented and calculated based on the Call-order price
from the largest amount of trades created. During this period, the order
book and the candlestick chart will also show the information about the
related price range and the market movement based on the real-time
reference (please note that the presented price is not the real trading
price).
2) During UTC 4:00 - 4:15 (15 minutes in total), which
is the first stage of call auction, traders are allowed to place orders
and cancel orders freely.
3) During UTC 4:15 - 4:30 (15 minutes
in total), which is the second stage of call auction, orders can be
placed freely by the traders, but orders cancellation are prohibited.
4) When the call auction is finished, users will not be able to place
or cancel any orders. From UTC 4:30-4:35 (5 minutes in total), the sys.
will collect all the data and match the orders. Buy orders with prices
higher than the reference price and sell orders with prices lower than
the reference price will be matched and e xecuted (a portion of the
orders with a higher routed price may not be matched). The remaining
orders will go to the order book of the next trading stage
automatically.
5) After the call auction data collection, we will enable trading activities.
6) The call auction is for Web only. Mobile users can initiate regular tradings after the call auction at UTC 4:35.
4. Gate.io Startup
Gate.io has launched Startup, a platform that aims to provide users
with access to innovative and advanced projects. Traders now have more
opportunities to make initial investment. Trading service will be
enabled once the startup project fulfills its fund raising goal.
Startup Link:
https://www.gate.io/startup
Gate.io is a trading platform that does not charge listing fees, only
launches quality projects, and provides users with 100% guaranteed and
instant deposit-withdrawal services.
Get 30% of all referees' trading fees in the affiliate program at
https://www.gate.io/myaccount/myreferrals
Click to Sign up :
https://www.gate.io/m#/register
Download it now at:
https://www.gate.io/mobileapp
Scan and download at:
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
Download Gate.io APP:
https://www.gate.io/mobileapp
Download Wallet.io (ALL in ONE):
https://www.wallet.io/
Follow us and get updated at (Follow as to win bonus)
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https://facebook.com/gateioglobal
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https://twitter.com/gate_io
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https://t.me/gate_zh
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Gate.io
April 8th, 2020