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    Gate.io Will Repurchase MATCH at 10 Times the 7-day Average Price of PLATO

    2022-11-25 09:54:27 UTCRead:20877
    Gate.io closed the deposit, withdrawal and trading of PLATO at the request of the project team on November 15, 2022. On November 16, 2022, 09:00:42 (UTC), we took a snapshot of the PLATO holdings of each user and swapped PLATO for MATCH at a ratio of 10:1 as requested by the PLATO team. On November 25, 2022, 04:00 AM (UTC), we opened the trading of MATCH. We are highly concerned about the issue that the total supply of MATCH and PLATO largely varies, as reported by users, and have since confirmed this situation as soon as possible. Having communicated with the MATCH team, we decide to repurchase MATCH from those who have swapped PLATO for MATCH. All the costs incurred will be borne by Gate.io and the MATCH team.

    Repurchase details:
    We will repurchase MATCH from those who have swapped PLATO for MATCH on Gate.io. The repurchase price will be the 7-day average price of PLATO before the snapshot. That is, $0.00006USDT per PLATO ($0.0006USDT per MATCH). The repurchase will last one week. Users can participate in the repurchase according to their own interests and should pay close attention to the changes in the MATCH market price. It is all up to users themselves whether to participate or not if the market price of MATCH goes higher than our repurchase price within the one-week period.
    *Apply via: https://www.gate.io/questionnaire/2728
    *Apply by: December 2, 2022, 12:00 PM (UTC)
    *To be eligible to participate in this repurchase, users should hold an equal amount of MATCH tokens in their wallet within the specified period. We will verify relevant information and swap tokens for users who fill in the application form and submit it before the application deadline.

    Details about MATCH:
    MATCH is the token that replaces PLATO at a ratio of 1:10. However, the total amount of PLATO and MATCH is the same at present, both are 10,000,000,000.

    The tokenomics info that Match team provided on 15th November is "There will be an additional issuance of MATCH on BSC and Aptos until the total supply reaches 30,000,000,000."

    Afterwards,Match team updated the info regarding to above : The MATCH token can be transfered via Multichain among ETH,BSC and Aptos chain. the way for cross-chain transferring is : Locking the transfering amount on original chain , then issue the same amount of token on target chain . With the effort on the internall code auditing by Gate.io team,it is confirmed that the max supply of MATCH is 10,000,000,000.

    MATCH contract:
    Ethereum: https://etherscan.io/token/0x7f78A88d77FA03F3cE4a94b14A0e1abB5eEEEDD7
    BSC: https://bscscan.com/address/0xeb99ee02d4f0f530b6d56510cd573ef7f9b255e4
    Aptos: https://explorer.aptoslabs.com/account/0xd6d6372c8bde72a7ab825c00b9edd35e643fb94a61c55d9d94a9db3010098548/coins

    Contract address and supply of PLATO:
    BSC: https://bscscan.com/token/0xf2572fdacf09bfae08ff7d35423870b5a8ac26b7 Supply: 7,607,536,200.615823
    Heco: https://www.hecoinfo.com/en-us/token/0x14885de0e4e333440ec4c07c2fbdc0bcb40baa73?tab=Transfers Supply: 10,000,000,000

    Tokenomics of MATCH
    Total supply: 10,000,000,000
    Seed round: 2% - TGE 5%. The rest will be unlocked linearly every month within 20 months.
    Private sale: 2% - TGE 5%. The rest will be unlocked linearly every month within 20 months.
    Public sale: 0.44%. Unlocked.
    Treasury: 20.56% - TGE 2.25%. The rest will be unlocked linearly every month within 36 months.
    Technic development: 20% - TGE 2.8%. The rest will be unlocked linearly every month within 36 months.
    Ecosystem investment: 10% - TGE 2.8%. The rest will be unlocked linearly every month within 36 months.
    DAO: 15% - TGE 1.6%. The rest will be unlocked linearly every month within 59 months.
    Marketing & Operation: 30% - TGE 2.8%. The rest will be unlocked linearly every month within 35 months.

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    Gate.io Team
    November 25th, 2022



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