Announcements Announcement on the Completion of CATI Pre-Market Settlement and PreToken Distribution

Announcement on the Completion of CATI Pre-Market Settlement and PreToken Distribution

2024-09-20 15:26:27 UTC 13931 Read

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Gate.io has completed the CATI PreToken minting order settlement on September 20 at 14:00 (UTC), and the actual CATI distribution & staked asset settlement were finalized at 14:30 (UTC) on the same day. Based on the settlement results, CATI tokens deposited by users for minting have been deducted, and the staked assets have been returned. A total of 921,313.247 actual CATI tokens, along with the 475,675.815 USDT defaulted staked assets from users who failed to complete the settlement on time, have been distributed to users who held CATI PreToken at the time of the snapshot.

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 CATI Pre-Market Settlement**:
Total CATI Minted: 1,439,552.61 CATI
Total Staking Amount: 1,626,884.442 USDT
Total CATI Delivered by Minting Users: 921,313.247 CATI
Returned Staking Deposits in USDT: 1,151,208.627 USDT USDT
Remaining Defaulted Staking Assets in USDT: 475,675.815 USDT

**Example**:
If User A held 1,000 CATI at the snapshot, the distribution ratio for User A would be calculated as follows:
Distribution Ratio = CATI Snapshot Amount / Total CATI Minted = 1,000 / 1,439,552.61

**The amount of CATI User A is expected to receive is**:
CATI Amount = Distribution Ratio × Total CATI Delivered = (1,000 / 1,439,552.61) × 921,313.247 = 639.999 CATI

**The amount of USDT User A is expected to receive is**:
USDT Amount = Distribution Ratio × Defaulted Staked Assets = (1,000 / 1,439,552.61) × 475,675.815 = 330.433 USDT

For guides and FAQs on Gate.io PreMint participation, please visit: [Gate.io PreMint Guide](https://www.gate.io/help/guide/faq/38245 "Gate.io PreMint Guide")

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Gate.io Team
September 20th, 2024

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