Announcements Magic Eden(ME): Gate.io Completion of Pre-Market Trading Settlement Results

Magic Eden(ME): Gate.io Completion of Pre-Market Trading Settlement Results

2024-12-11 03:54:35 UTC 10238 Read

ME/USDT -0.87%

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

Gate.io completed the ME PreToken minting order settlement on December 10th at 18:00 PM (UTC), and the actual ME distribution & stake asset settlement was finalized at 18:30 PM (UTC) on the same day.

122,341.25 Real ME tokens have been distributed to users holding ME Pretoken at the time of the snapshot, as well as 20,515.33798 USDT pledges for which delivery was not completed on time.
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 Magic Eden(ME) Pre-Market Settlement:**
Magic Eden(ME) Minted in Total: 124,913.36 ME
Magic Eden(ME) Staked USDT Amount in Total: 940,919.81182 USDT
Magic Eden(ME) Delivered by Minting Users in Total: 122,341.25 ME
Returned Staking Deposits in USDT in Total: 920,404.47384 USDT
Remaining Defaulted Staking Assets in USDT in Total: 20,515.33798 USDT

**Example:**
If User A held 1,000 ME at the snapshot, the distribution ratio for User A would be calculated as follows:
Distribution Ratio = ME Snapshot Amount / Total ME Minted = 1,000/124,913.36
The amount of ME User A is expected to receive is:
ME Amount = Distribution Ratio × Total ME Delivered = (1,000/124,913.36)×122,341.25= 979.4088 ME
The amount of USDT User A is expected to receive is:
USDT Amount = Distribution Ratio × Defaulted Staked Assets =(1,000/124,913.36)×20,515.33798= 164.2365 USDT

For guides and FAQs on Gate.io PreMint participation, please visit: https://www.gate.io/help/guide/faq/38245

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Gate.io Team
December 11th, 2024

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