Announcements Announcement on Secondary Token Distribution of GemFlow(GEF)

Announcement on Secondary Token Distribution of GemFlow(GEF)

2024-07-23 06:52:32 UTC 8620 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
In response to the GemFlow(GEF) Startup event on July 16th;
Due to the unfavorable shift in the price of GemFlow project tokens compared to Startup campaign pricing.  To protect the interests of users, Gate.io will buy back $28,000 worth of tokens from the market, for a total of 2,280,797,960 GEF tokens to be redistributed to users who participated and received the airdrop.

Gate.io decided to conduct a secondary token distribution for the 47,535 users who participated in the GemFlow (GEF) Startup campaign at the time:

1.Distribution Bonus pool: 2,280,797,960 GEF tokens (total value of approximately $28,000 equivalent tokens)
2.Distribution method: Users who participated in the event will be eligible to get the Second batch of distribution of GemFlow(GEF) tokens
The distribution ratio will be based on the users’ participation in the initial Startup Campaign.

Introduction to GemFlow(GEF) :
GemFlow leverages blockchain technology to create a decentralized platform using AI algorithms to match advertisers with YouTube creators. This ensures seamless, transparent, and efficient connections between advertisers and influencers globally, reducing the friction and inefficiencies typically associated with traditional advertising matching processes.

GEF Trading page: https://www.gate.io/trade/GEF_USDT

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Gate.io Team
July 23rd, 2024

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