Gate.io Startup Contentos Token Sale Result and COS Trading Service Announcement
1 Gate.io Startup Discount Offer
Gate.io has launched Startup Discount Offer, a platform that aims to present projects with potential that are already listed on other exchanges.
To thank our users and to provide a fast track for project listing, we will offer Startup token sales with a discount on the platform. Through Gate.io Startup Discount Offers, selected projects will provide detailed information to users so that they can have more opportunities for investments.
Trading services will be enabled once the project fulfills its fundraising goal. Please note that to participate in the Startup Sale, users will need to be a VIP. Participants with GT holdings have a higher purchasing limit. Please refer to the detailed rules as follows before purchasing.
Participate Gate.io Startup Discount Offer here: https://www.gatecn.io/startup
2 Contentos(COS) Token Sale Result
This is the first Startup Discount Sale after the 14-Day GT holding calculation adjustment. Compared to the previous Discount Sale, the distribution ratio has seen huge increase of 68.96%. The average distributed COS per user in GT is up to 98 GT, which sufficiently increase GT holders’ interest.
The Gate.io Startup Discount Offer Contentos(COS) token sale result is as follows:
COS Startup Sale Amount: 24,202,862 COS
Total value of orders (in USDT): 21,156,681
Total value of qualified orders (in USDT): 21,126,126
Number of orders: 3,559
Number of Qualified orders: 3,551
Percentage of qualified orders: 99.77522 %
Percentage of succeeded purchases: 99.85557 %
Number of participants: 3,559
Number of qualified participants: 3,551
Average qualified order value per user (in USDT): 5949.3455
Average distribution value per user (in GT): 98.4989
Average distributed COS per user: 6815.78769 COS
F (distribution ratio with GT) = 0.01183368869936
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.
Attention: Most unqualified orders occurred due to insufficient balance in the user account. Please ensure there is sufficient balance (exceeding the purchasing value) for the order by UTC 8:00 A.M. The insufficient balance will result in the cancellation of the purchase order.
3 COS Trading Service
The COS trading will open at UTC 8:00, September 10th on Gate.io. The withdrawal service will be available afterwards.
Deposit COS at:
Trade COS at:
To decrease volatility during the initial trading stage, we will apply the Call Auction Mechanism. The rules are as follows:
1) During the call auction, traders can place orders freely, but the orders will not be active immediately. The real-time reference trading price will be presented and calculated based on the Call-order price from the largest amount of trades created. During this period, the order book and the candlestick chart will also show the information about the related price range and the market movement based on the real-time reference (please note that the presented price is not the real trading price).
2) During UTC 8:00 - 8:15 (15 minutes in total), which is the first stage of call auction, traders are allowed to place orders and cancel orders freely.
3) During UTC 8:15 - 8:30 (15 minutes in total), which is the second stage of call auction, orders can be placed freely by the traders, but orders cancellation are prohibited.
8) When the call auction is finished, users will not be able to place or cancel any orders. From UTC 8:30-8:35 (5 minutes in total), the sys. will collect all the data and match the orders. Buy orders with prices higher than the reference price and sell orders with prices lower than the reference price will be matched and e xecuted (a portion of the orders with a higher routed price may not be matched). The remaining orders will go to the order book of the next trading stage automatically.
5) After the call auction data collection, we will enable trading activities.
6) The call auction is for Web only. Mobile users can initiate regular tradings after the call auction at UTC 8:35.
Gate.io is a trading platform that does not charge listing fee, only launches quality projects, and provides users with a 100% guarantee and instant deposit-withdrawal services.
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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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Sep. 10, 2019