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Announcement on the Completion of DOGS Pre-Market Settlement and PreToken Distribution
Gate.io has completed the DOGS PreToken minting order settlement on August 27th at 10:00 (UTC 8), and the actual DOGS distribution & staking deposit settlement were finalized at 11:00 (UTC 8) on the same day. Based on the settlement results, DOGS tokens deposited by users for minting have been deducted, and the staking deposits have been returned. A total of 2,308,188,989.926 genuine DOGS tokens have been distributed to users who held DOGS PreToken at the time of the snapshot, and 170,894.879922 USDT staking deposits have been refunded to users who did not complete the minting process on time.Please visit the “Assets” section and click on “Bills” in the top right corner to view the details of the PreMint settlement statement under “PreMint Settlement Token” and “Staked Assets Settlement.”
Details of DOGS Pre-Market Settlement:Total DOGS Minted: 2,336,561,232.617 DOGSTotal Staking Amount: 9,952,808.364 USDTTotal DOGS Delivered by Minting Users: 2,308,188,989.926 DOGSReturned Staking Deposits in USDT: 9,781,913.484 USDTRemaining Defaulted Staking Deposits in USDT: 170,894.879 USDT
Example:If User A held 1,000 DOGS at the snapshot, the distribution ratio for User A would be calculated as follows:Distribution Ratio = DOGS Snapshot Amount / Total DOGS Minted = 1,000 / 2,336,561,232.617The amount of DOGS User A is expected to receive is:DOGS Amount = Distribution Ratio × Total DOGS Delivered = (1,000 / 2,336,561,232.617) × 2,308,188,989.926 = 987.857 DOGSThe amount of USDT User A is expected to receive is:USDT Amount = Distribution Ratio × Defaulted Staking Deposits = (1,000 / 2,336,561,232.617) × 170,894.879922 = 0.073 USDTFor guides and FAQs on Gate.io PreMint participation, please visit: Gate.io PreMint Guide
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Gate.io TeamAugust 27th, 2024
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