BTC Startup Sale Result

The latest edition of Gate.io Startup Special Offer with 20% Discount BTC Sale has been successfully completed. Up next are more top currency sales with discounts. To participate in the Startup Special Offers with Top Currencies, please go to: https://www.gate.io/startup.

In this sale, there were 1,698 participants, and a total of about 2.43 million USDT worth of orders were placed to purchase BTC with a 20% discount. The distribution ratio was about 8.362%. Users can check the balance at https://www.gate.io/myaccount/mystartup

The result of the GT Buy-back and Burn in this Startup Special Offer will be announced once the token burn is finished.

The purchase result is as follows:

Total value of orders (in USDT): 2,432,088.8353785705 USDT
Total value of qualified orders (in USDT): 2,391,704.68171969 USDT
Number of orders: 1,698
Number of Qualified orders: 1,675
Percentage of qualified orders: 98.645465253239%
Percentage of succeeded purchases: 98.339528019231%
Number of participants: 1,698
Number of qualified participants: 1,675

Average qualified order value per user (in USDT): 1,427.8833920715 USDT
Average distributed BTC per user: 0.013506933373134 BTC

F (distribution ratio with GT) = 0.083622364214045

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.

Lucky Draw Result

Below is the list of winners of the lucky draw in this Startup Sale.

UID
2549***
1653***
2517***
2618***
1059***
1135***
2767***
2634***
601***
2612***
2558***
490***

Congratulations to the winners above!

About Startup Special Offers

To bring more benefits to our users, Gate.io has upgraded Startup Special Offer and we will launch sales for top currencies (i.e. BTC, ETH, EOS) with discounts. VIP users and GT holders can participate in the sales with USDT. All the USDT received from the Special Offer token sale will be used to purchase GT from the open market, and the purchased GT will be burned publicly. For more details of the Gate.io Startup Special Offer Upgrade, check out https://www.gate.io/article/16985

The detailed purchase rules are as follows:
1) Users can purchase some of the top currencies (i.e. BTC) with discounts (i.e. 20% off) via the Startup Special Offers.
2) To participate in the Startup Special Offers, users are required to have certain VIP levels. The purchase limit will be calculated based on users’ GT holdings. Please refer to the announcement of each sale for the details.
3) The amount of token distributed to each user will be calculated based on the total amount of token on sale and the number of orders placed within the 2-hour sale (The distribution ratio will be raised to decrease the amount of USDT user need to place, lottery distribution model with GT may apply in the future).
4) 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) The USDT received from all the Startup Special Offer will be used to purchase GT from the open market.
6) All the GT purchased will be burned publicly.

Let’s take an example, based on one of our previous’ campaigns: The BTC $250,000 Startup Special Offer with a 20% discount. We are operating the example under the assumption:

Bob is a VIP1 user. He has never held GT, but purchases 14,000 GT the day before the Startup Sale. Therefore, Bob's average 14-day GT balance is 14,000 GT/ 14 days= 1,000 GT, so the maximum orders =1,000 / 200= 5, and Bob meets the requirement of being a VIP user. Bob can place up to 5 orders in the Startup Sale.

1) Bob participated in Gate.io's 20% Discount BTC Sale on Startup.
2) Based on the rules, Bob can place 5 orders at most.
3) There was 5 million USDT worth of BTC on the Startup day, with a distribution ratio (F) of 5%.
4) In this situation, the acutal orders (P) that Bob get were 5*5%=0.25
5) The USDT received from all the Startup Special Offer will be used to purchase GT from the open market.
6) All the GT purchased will be burned publicly

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Gate.io
July 30, 2020