Gate.io Updates Asset Value Calculation Rule in VIP Upgrade

Gate.io's unique VIP tier system caters to the diverse needs of users based on token holdings, trading volume, and GT token holdings. It significantly reduces trading fees for users while offering free airdrop allocation opportunities for Startup projects and access to more exclusive privileges.For more information, please visit: https://www.gate.io/fee

The main updates to the VIP Level system upgrade include:1.The original VIP upgrade plan based on trading volume and GT holdings will remain unaffected.2.Optimization of the VIP upgrade based on total asset value: Different coefficients will be applied according to the market capitalization rankings of the various tokens held by users. The details are as follows:

| Token&Market Cap Ranking | Coefficient | VIP Upgrade Value Cap || :----- | :---- | :---- || GateToken(GT) | 1 | Unlimited || Top 50 | 1 | Unlimited || Rank 51 - 120 | 0.8 | $400,000 || Rank 121 - 200 | 0.6 | $200,000 || Rank 201 - 360 | 0.4 | $80,000 || Rank 361 and below | 0.3 | $40,000 |

Check the token market cap rankings

Notes1.This update will take effect at 16:00PM on September 9, 2024(UTC). Please review and adjust your asset holdings accordingly to meet the VIP upgrade standards.2.Asset values are calculated based on the token prices on the day of the asset calculation, with values in USD.3.Each token's asset amount has a Value Cap for VIP Upgrade calculations and amounts exceeding the cap will not be included in the total asset value calculation. Accounts for the VIP Upgrade Value Cap combine the Sub-Accounts and a Master Account.

Thanks for your understanding and support.