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Gate.io Startup:XCAD Network (XCAD) Initial Sale Result

2021-05-18 05:22:12Read:57765

1 XCAD Network (XCAD)Token Sale Result

The Gate.io Startup XCAD Network (XCAD)sale result is as follows:

XCAD Startup Locked Amount: 1,482,104枚DAO
Total value of orders (in USDT): 7,049,597 USDT
Total value of qualified orders (in USDT): 6,907,271 USDT
Number of orders:8,415
Number of Qualified orders: 8,255
Percentage of qualified orders: 98.098633392751 %
Percentage of succeeded purchases: 97.981073804924 %
Number of participants: 8,415
Number of qualified participants: 8,255

Average qualified order value per user (in USDT): 836.73783122955 USDT
Average distribution value per user (in USDT): 3.0284675953967 USDT
Average distributed XCAD per user(estimated): 30.284675953967 XCAD

F (distribution ratio) = 0.0033735824206668

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 4:00 A.M. The insufficient balance will result in the cancellation of the purchase order.

2 XCAD Listing

Participants will receive a proportional amount of XCAD tokens to their share of DAO tokens locked up on Gate.io according to token release schedule at the TGE (the token generation event, to be announced).

3 Gate.io Startup Initial Offer

Gate.io Startup has become increasingly more popular among users, with an excellent performance since its launch. In 2020, Gate.io Startup Initial Offer has upgraded to version 2.0. We are providing more flexible and diversified services to attract more promising projects. At the same time, we are aiming at providing more protections to our users.
If you are a project team and want to commence your initial token sale here, submit a request below.
Apply at: https://www.gate.io/listrequest

If you project has had initial token sale and wants to be listed at Gate.io, you may also apply to participate in our voting for listing activities. If you are our user and have a good project to recommend, please fill the application form and let us know. Let’s work together to boost the development of Gate.io and create more benefits to our users.

Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.

Gate.io Team
May 18th, 2021

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