Announcements Gate.io Announcement on Pre-Listing OTC Trading: Confirmation on HYPE POINTS and HYPE Tokens Conversion Ratio

Gate.io Announcement on Pre-Listing OTC Trading: Confirmation on HYPE POINTS and HYPE Tokens Conversion Ratio

2024-11-28 12:28:18 UTC 25933 Read

HYPE/USDT -1.49%

[//]:content-type-MARKDOWN-DONOT-DELETE

**Due to the detailed tokenomics disclosed by the Hyperliquid (HYPE) project, pre-listing OTC trades will undergo a proportional conversion process. Details are as follows:**

-HYPE POINTS total supply: 100,000,000,000
-HYPE total supply: 1,000,000,000
-Conversion ratio: HYPE : HYPE POINTS = 1 : 100

**What is a Pre-Listing OTC Trading Points Order?**
1.Pre-Listing OTC Points Orders follow the principle of maintaining total market cap equivalence
HYPE POINTS has a projected issuance of 100 billion, serving as the token credential for pre-listing OTC trades of HYPE. The total supply of HYPE is locked at 1 billion, establishing a conversion ratio of 1:100.

2.All completed HYPE POINTS pre-listing OTC trades will be converted to HYPE at the specified ratio
The total order settlement amount will remain consistent.

Example:
User A purchases 5,000 HYPE POINTS at a price of 0.01 USDT per point. The total order amount is 50 USDT, with a deposit guarantee of 50 USDT.
After the conversion at the ratio of 1:100, the total settlement amount remains 50 USDT, but the token quantity will reduce from 5,000 HYPE POINTS to 50 HYPE (5,000 ÷ 100 = 50).
Users can check their post-conversion token quantity in the history of pre-listing OTC transactions for HYPE POINTS.

|  User A | Settlement Price  | Points Quantity Traded  |Total Settlement Amount   |Deposit Guarantee
| ------------ | ------------ | ------------ | ------------ |
|HYPE POINTS   |0.01 USDT   | 5000   |  50 USDT |50 USDT
| HYPE  | 1 USDT  | 50  |   50 USDT |50 USDT
| Changes  |  HYPE POINTS Price ✖️ 100 |  HYPE POINTS Quantity  ➗ 100 |  No Change |No Change

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Gate.io Team
Nov 28th, 2024

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Gate.io Announcement on Pre-Listing OTC Trading: Confirmation on HYPE POINTS and HYPE Tokens Conversion Ratio

Gate.io Announcement on Pre-Listing OTC Trading: Confirmation on HYPE POINTS and HYPE Tokens Conversion Ratio

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