Announcements Gate to Provide 100% Buyback Compensation for PFVS Subscription Losses

Gate to Provide 100% Buyback Compensation for PFVS Subscription Losses

2025-06-24 09:51:46 UTC 149114 Read

PFVS/USDT -9.97%

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As a leading global digital asset trading platform, Gate upholds the principle of “Users First” and places great importance on users' investment experience in every subscription. After thorough communication with the PFVS project team, we have jointly decided to initiate a token buyback for all users who participated in the PFVS Launchpad subscription and incurred losses, fully covering 100% of such losses. Users who generated profits will be able to retain 100% of their earnings, unaffected by this buyback.

It has come to our understanding that the PFVS project team will soon launch an irregular buyback program based on business revenue (the specific arrangements are subject to the official announcement of the project team).

Applications are now open for users eligible for the buyback, with details as follows:

* 1. Buyback Plan Overview**
1. Scope of Buyback: All subscription tokens from users who participated in the Launchpad (excluding tokens purchased on the secondary market, deposited, transferred, or already withdrawn). 
2. Buyback Eligibility: All users within the buyback scope who incurred losses, defined as "the total selling value being lower than the subscription cost". Users are only required to retain a sufficient amount of the subscribed tokens in their accounts (if already sold, users may repurchase from the market to make up the required amount). 
3. Buyback Price: The buyback will be executed at the subscription price of 0.07 USDT per PFVS.

**2. Criteria for Determining Losses**
Loss Calculation: Average Selling Price × Order Amount Sold < Subscription Cost
Eligibility: Must meet the requirements of the buyback scope.
**Examples: ** 
Example 1 (loss): A user subscribed to 100 PFVS tokens (costing 7 USDT) and has not sold any. This user meets the buyback eligibility criteria.
Example 2 (loss):A user subscribed to 100 PFVS tokens (costing 7 USDT), sold 50 tokens at 0.08 USDT each and 50 tokens at 0.04 USDT each. The average selling price was 0.06 USDT, resulting in total returns of 6 USDT (a loss of 1 USDT). This user meets the buyback eligibility criteria. 
Example 3 (profit): A user subscribed to 100 PFVS tokens (costing 7 USDT), sold 50 tokens at 0.10 USDT each and 50 tokens at 0.06 USDT each. The average selling price was 0.08 USDT, resulting in total returns of 8 USDT (a profit of 1 USDT). As this user made a profit, they are not eligible for the buyback. 
Example 4 (out of scope): A user subscribed to 100 PFVS tokens (costing 7 USDT) and has not sold any. However, since the assets were transferred (including internal transfers or withdrawals), this does not fall within the buyback scope, and the user is not eligible for the buyback.
Example 5 (out of scope): A user subscribed to 100 PFVS tokens (costing 7 USDT), additionally purchased 100 tokens at 0.08 USDT each, and sold 200 tokens at 0.07 USDT each. The total cost amounted to 15 USDT, while the selling returns were 14 USDT (a loss of 1 USDT). As this loss resulted from secondary market trading, the user is not eligible for the buyback.

**3. User Operation Procedure**
1. Submit the Form: Users who meet the eligibility criteria must submit the application form by 16:00 UTC on July 12, 2025.
Form Link: <a href="https://www.gate.com/zh/questionnaire/6826" target="_blank">https://www.gate.com/questionnaire/6826</a>
2. Preparation: Users must hold the same amount of PFVS tokens as their original subscription in their account. If any tokens have been sold, they may repurchase them from the market to meet the requirement.

**Note: **
Users who fail to submit the form within the specified timeframe or do not hold the required number of tokens will be ineligible for the buyback.

If you have any questions, please contact our official customer support. Thank you for choosing Gate as your trusted partner. We remain committed to prioritizing users' interests and working together to foster a healthier crypto ecosystem.

<sp>
Gate Team
June 24, 2025
<sp>
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