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Gate.io Startup 20% Discount EOS Sale (No.11) Result Announcement

2019-10-09 09:42:39Read:34732

EOS Startup Sale Result


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

In this sale, there were 2112 participants, and a total of about 2.51 million USDT worth of orders were placed to purchase EOS with a 20% discount. Users can check the balance at https://www.gate.io/myaccount/mystartup

The special offer has applied the minimum 14-day GT holding calculation method which also offers a lower user purchase limit. Compared to the previous Startup Special Offer, the distribution ratio has largely increased to a 7.976%. The average distributed token per user has also significantly increased.

The purchase result is as follows:

EOS Startup Sale Amount: 85,916.55782472 EOS
Total value of orders (in USDT): 2,517,647.058662409
Total value of qualified orders (in USDT): 2,507,442.977030409
Number of orders: 2,112
Number of Qualified orders: 2,103
Percentage of qualified orders: 99.573863636364 %
Percentage of succeeded purchases: 99.594697692161 %
Number of participants: 2,112
Number of qualified participants: 2,103

Average qualified order value per user (in USDT): 1,192.3171550311 USDT
Average distributed EOS per user: 40.854283321312 EOS

F (distribution ratio with GT) = 0.079762531718295

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.

GT Buy-back and Burn


In this Special Offer. Gate.io has received 200,000 USDT. The team has purchased 380911.3253 GT from the open market, and the purchased GT has now all transferred to the token burning address.
Transfer tx:
https://etherscan.io/tx/0xfb844a67c1eec59177ce894adb919c00a865b31646b5ac78d4f5eddb3fb5d7b1
Token burning address:
https://etherscan.io/token/0xe66747a101bff2dba3697199dcce5b743b454759?a=0x2b8f8d19f5ba3bec5b44deded3818a427895f308

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 detail purchase rules are as follows:
1) User 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 EOS $250,000 Startup Special Offer with a 20% discount. We are operating the example under the assumption
Bob is a VIP4 user, and his lowest 14-Day GT holding is 10,000 GT.

1) According to the purchasing rules, with a VIP4 Status, Bob has a purchase limit of 6,000 USDT and so places an order worth 6,000 USDT.
2) The value of the total order placed within the 2-hour sale is 5,000,000 USDT. The distribution ratio is hence 5%.
3) Based on the data above, Bob can get 6,000 USDT * 5% = 300 USDT worth of EOS.
4) The received 200,000 USDT (20% of 250,000) are used to purchase GT from the open market.
5) All the purchased GT are burned.


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Gate.io
Oct. 9, 2019