Announcements HoldCoin(HOLD): Gate.io Completion of Pre-Market Trading Settlement Results

HoldCoin(HOLD): Gate.io Completion of Pre-Market Trading Settlement Results

2024-12-17 04:07:03 UTC 7658 Read

HOLD/USDT -1.62%

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Gate.io completed the HOLD PreToken minting order settlement on December 16th at 16:00 PM (UTC), and the actual HOLD distribution & stake asset settlement was finalized at 16:30 PM (UTC) on the same day.

4,358,259.01 Real HOLD tokens have been distributed to users holding HOLD Pretoken at the time of the snapshot, as well as 31,623.093202 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 HoldCoin(HOLD) Pre-Market Settlement:**
HoldCoin(HOLD) Minted in Total: 15,768,994.24 HOLD
HoldCoin(HOLD) Staked USDT Amount in Total: 50,331.5158404 USDT
HoldCoin(HOLD) Delivered by Minting Users in Total: 4,358,259.01 HOLD
Returned Staking Deposits in USDT in Total: 18,708.4226384 USDT
Remaining Defaulted Staking Assets in USDT in Total: 31,623.093202 USDT

**Example:**
If User A held 1,000 HOLD at the snapshot, the distribution ratio for User A would be calculated as follows:
Distribution Ratio = HOLD Snapshot Amount / Total HOLD Minted = 1,000/15,768,994.24
The amount of HOLD User A is expected to receive is:
HOLD Amount = Distribution Ratio × Total HOLD Delivered = (1,000/15,768,994.24)×4,358,259.01= 276.381546 HOLD
The amount of USDT User A is expected to receive is:
USDT Amount = Distribution Ratio × Defaulted Staked Assets =(1,000/15,768,994.24)×31,623.093202= 2.005397 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 17th, 2024

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