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Gate.io will Launch Multiple Top Currency Discount Sale on Startup

2019-09-20 13:29:36Read:70597

We will bring more benefits to users and GT holders, Gate.io will launch up to 5 Top Currency Special Offers in the coming October, with $1,250,000 worth of currencies for sale with discounts. All the USDT received from these Special Offer token sales (estimated $1,000,000 worth of USDT) 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

To participate in the Startup Sale, please go to: https://www.gatecn.io/startup/26
Mobile users please go to “Market” – “Startup”.

#Gate.io Startup Special Offers in October
Gate.io will launch up to 5 Top Currency Special Offers in the coming October, with $1,250,000 worth of currencies for sale with discounts. The sales are estimated to receive $1,000,000 USDT.

Please stay tune for Gate.io official announcement and do not miss the opportunities to participate!
Time Special Offer Token Sale Participate Link
Oct 04, UTC 4:00-6:00 20% Discount EOS Startup Sale (worth of 250,000 USDT) https://www.gate.io/startup/27
Oct 11, UTC 4:00-6:00 20% Discount BTC Startup Sale (worth of 250,000 USDT) https://www.gate.io/startup/30
Oct 17, UTC 4:00-6:00 20% Discount XRP Startup Sale (worth of 250,000 USDT) https://www.gate.io/startup/31
Oct 21, UTC 4:00-6:00 20% Discount LTC Startup Sale (worth of 250,000 USDT) https://www.gate.io/startup/32
Oct 28, UTC 4:00-6:00 20% Discount BCH Startup Sale (worth of 250,000 USDT) https://www.gate.io/startup/33


Gate.io Startup Special Offer Purchase Rules

1. Time: Please refer to the time for each sale.

2. The amount and the price of the currencies for sale will be calculated at a random time within the 1 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 will be used to purchase GT from the open market, and the purchased GT will be burned publicly.

5. Participants should 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) 4 days prior to the sale. Users with no GT holdings cannot participate in the sale. Participants’ purchase limit will increase in correlation to their GT holdings. Below is the chart that shows the purchase limit based on different amount of GT holdings:



E.g. Bob is a VIP4 and he has a minimum GT holdings of 2,000 GT. Thus, Bob has met the requirements of holding GT (Tier 1) and being a VIP user. He can place 1 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 UTC 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 at UTC 8:00 that day.

10. The distribution calculation rules are as follows:

F (distribution ratio) = Daily ETH supply limit ÷ Total ETH supply limit
P (actual individual purchased ETH) = F × qualified individual orders
M (actual payment amount) = Startup Sale Price × P
E.g. The sale supply limit is 25 ETH. The amount of order placed is 50 ETH. Bob has placed an order to purchase 1 ETH.

Thus:
F (distribution ratio) = 25 ÷ 50 =0.5
P (actual individual purchased ETH) = 0.5 × 1 = 0.5
M (actual payment amount in GT) = 0.5 × Startup Price in USDT

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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
Sep. 20, 2019