Announcements Gate.io Announcement on Launching the Pre-Market OTC Trade to Blum（BLUM）

Gate.io Announcement on Launching the Pre-Market OTC Trade to Blum（BLUM）

2024-10-16 11:40:43 UTC 64653 Read

BLUM/USDT + 4.47%

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Gate.io will launch Pre-Market OTC Trading for Blum（BLUM） on October 16th, 2024.

OTC Trading start time: 13:00pm UTC 16th Oct 2024
OTC Trading end time: TBD

Pre-Market OTC Trading Page: https://www.gate.io/pre-market/BLUM

**Note:
1）The launched Pre-Market Trading is for Blum Points, not the Blum Token.
2)  Point tokens are the representation tokens of pre-market trading with a preset point max supply.  After the official tokenomics is confirmed, the platform will proportionally redeem the number of pre-market trading orders according to the ratio of real token max supply to preset point max supply and order amounts stay no change.  Users can check their convertible numbers in their orders to confirm the actual quantities for delivery.
3）Please pay attention to the delivery schedule and complete the delivery on time. Failure to comply with the delivery schedule may result in the loss of collateral margin.**

About Blum(BLUM):
Blum is a hybrid exchange, offering universal token access through gamification within a Telegram mini-app. Blum enables access to CEX and DEX coins in one platform, supports 30+ chains and offers additional features, including AI co-pilot, localised P2P trading, simple derivatives, unified CEX and DEX trading.

[Official website](https://www.blum.io/zh "Official website") | Whitepaper(TBA)

Point max supply of Blum(BLUM) : 100B
Token max supply of Blum(BLUM): TBD

**Gate.io Pre-Market OTC Trading Introduction as follows:**
**What is Gate.io Pre-Market OTC Trading?**
Gate.io Pre-Market Trading is an Over-the-Counter (OTC) trading service that allows investors to buy and sell new tokens before their official listing. It enables users to set prices and trade tokens at anticipated rates before public trading begins.

**Key benefits of Pre-Market OTC Trading**
It offers investors the chance to potentially acquire trending tokens at lower costs compared to the market listing price, providing a competitive edge in pricing.

**How to conduct Pre-Market OTC Trading?**
On Gate.io Pre-Market OTC Trading, traders can buy or sell specific tokens before its officially listed. Traders can choose to be a Maker, creating orders with preset prices, or be a Taker, matching active orders on the platform. Refer to the Pre-Market Trading Beginner’s Guide for more details.

Note: Both buyer and seller need to pay trading fees in advance. Sellers are required to pay a collateral amount based on the collateral rate to ensure timely settlement. The collateral will be refunded after the delivery is successful. All transactions are priced in USDT.

**Read More**
[[FAQ about Pre-Market OTC Trading]](https://www.gate.io/help/pre-market-trading/pre-market/35226/faq-about-pre-market-trading "[FAQ about Pre-Market OTC Trading]")
[[Pre-Market OTC Trading Guide]](https://www.gate.io/help/pre-market-trading/pre-market/35228/pre-market-trading-guide "[Pre-Market OTC Trading Guide]")

**Disclaimer**
Please note that Pre-Market OTC trading carries various risks, including limited liquidity, large bid-ask spreads, and price uncertainty.

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Gate.io Team
October 16th，2024

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Gate.io Announcement on Launching the Pre-Market OTC Trade to Blum（BLUM）

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