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    Gate.io Startup MTRG Token Sale Result and MTRG Trading Service Announcement

    Creation Time:2020-07-15 07:04:50 UTCRead:94950

    The Gate.io Startup Meter (MTRG) Token Sale started at 4:00 AM GMT and ended at 6:00 AM GMT on July 15th, 2020. All orders placed during this period were treated equally. With a total of 2,272 participants, a total of about $27.4 million USD worth of orders were placed (with a total of about 51.67 million GT), and the distribution ratio is 0.02201.
    Gate.io will distribute MTRG based on the data we collected. Please go to "My Startup" for the balance details.

    1. Meter Coin (MTRG) Token Sale Result

    The Gate.io Startup Discount Offer Meter (MTRG) token sale result is as follows:

    MTRG Startup Sale Amount: 1,200,000 MTRG
    Total value of orders (in USDT): 27,439,049.999311306
    Total value of qualified orders (in USDT): 27,263,699.999315698
    Number of orders: 2,272
    Number of Qualified orders: 2,246
    Percentage of qualified orders: 98.855633802817 %
    Percentage of succeeded purchases: 99.360947263116 %
    Number of participants: 2,272
    Number of qualified participants: 2,246

    Average qualified order value per user (in USDT): 12,138.780053124 USDT
    Average distribution value per user (in GT): 506.3061398041 GT
    Average distributed MTRG per user: 534.28317008014 MTRG

    F (distribution ratio with GT) = 0.02200728441114

    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 8:00 AM GMT. An 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.


    Congratulations to the winners above!

    3. MTRG Trading Service

    The MTRG trading service will be enabled at 4:00 AM GMT, Friday, July 17th on Gate.io. The withdrawal service will be available afterwards.

    Deposit MTRG at:

    Trade MTRG at:
    https://www.gate.io/trade/MTRG _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 4:00 AM GMT - 4:15 AM GMT (15 minutes in total), which is the first stage of call auction, traders are allowed to place orders and cancel orders freely.

    3) During 4:15 AM GMT- 4:30 AM GMT (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 4:30 AM GMT - 4:35 AM GMT (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 trading after the call auction at 4:35 AM GMT.

    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 an initial investment. Trading service will be enabled once the startup project fulfills its fundraising 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)
    Facebook: https://facebook.com/gateioglobal
    Twitter: https://twitter.com/gate_io

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