As a trading platform that persists in its goal of being the safest and cheapest exchange, Gate.io has survived in a competitive crypto market and has managed to create a path of sustainable development with its own characteristics.
Amidst the ongoing 7th-anniversary celebration, Gate.io will also hold a series of exciting events called “Young Fore7er” campaign. This includes a discount for BTC to thank all the users for their continuous support. Gate.io will be offering $250,000 worth of BTC for sale with a 30% discount on Startup at UTC 4:00 on April 27th. No VIP-tier is required in this purchase of the 30% discount for BTC.
To participate in the Startup BTC Special Offer, please go to: https://www.gate.io/startup/48
Mobile users please go to “Market” – “Startup”.
The details of the upgrade are as follow
1. Time: UTC 4:00 on April 27th.
2. The amount and the price of the BTC for sale will be calculated at a random time within the 1 hour prior to the sale. The data will be updated accordingly on the Startup Platform.
3. Requirement: No VIP-tier required.
4. USDT: 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. Buy-back & Burn: All the received USDT ($175,000) received will be used to purchase GT from the open market, and the purchased GT will be burned publicly.
6. Purchase Limit: The individual purchase limit will be calculated based on the minimum holdings of GT (including asset in Lending/Borrowing Market, and the GT bought with USDT borrowed from Margin Trading; however, GT borrowed from Margin Trading is not allowed) 14 days prior to the sale. Users with no GT holdings cannot participate in the sale. Participants’ purchase limit will increase in correlation to their GT holdings. Below is the chart that shows the purchase limit based on the different amount of GT holdings:
E.g. Bob is a VIP4 and he has a minimum GT holding of 2,000 GT. Thus, Bob has met the requirements of holding GT (Tier 1) and being a VIP user, he can place 1 order in the Startup Special Offer token sale.
7. Placing Orders: Users can place orders from UTC 4:00-6:00, April 27th. All the orders placed within these two hours will be treated equally.
8. Sufficient Balance: 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.
9. Attention: Each KYC account can only purchase once.
10. Result: After UTC 6:00, 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. The distribution calculation rules are as follows:
F (distribution ratio) = Daily BTC supply limit ÷ Total BTC supply limit
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.
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
At present, “Young Fore7er” Campaigns are going on.
Gate.io 7th Anniversary Activity Four - HODL & Earn with Major Cryptos
Gate.io HODL & Earn will be launching 7 Lock-up & Earn products with major cryptocurrencies for the celebration, taking place from April 29th to June 10th. The ‘halving’ will take place during the first BTC lockup. The total value of tokens to be locked will amount to $7,000,000; the annual interest rate will be 10%. For details, please go to: https://www.gate.io/article/17429
Collection of “My 7-year Stories with Gate.io”
Share your stories about Gate.io to win one of our 7th-anniversary prizes and GT rewards. For details, please go to: https://gate.io/article/17431
For details about the complete
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April 23, 2020