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    Gate.io launches 20% Discount BTC Sale (No.24) on Startup

    2020-05-22 03:55:11 UTCRead:80430
    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 GMT 4:00 on May 28th.

    To participate in the ‘Startup’ BTC Special Offer, please head over to: https://www.gate.io/startup/49
    Mobile users please go to“Market” –“Startup”.

    BTC ‘Startup’ Sale 20% Discount Rules:

    1. Time: GMT 4:00 May 28th

    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 VIP4 and above.

    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 limits will increase in correlation to their GT holdings. Below is the chart that shows the purchase limit based on different amounts of GT holdings:


    E.g. Bob is a VIP4 and 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 one order in the ‘Startup’ Special Offer token 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 GMT 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.

    10. 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.

    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

    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/

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    Gate.io
    May 22, 2020

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