Announcements Gate.io Startup:Pine Protocol (PINE) Initial Sale Result & Listing Schedule

Gate.io Startup:Pine Protocol (PINE) Initial Sale Result & Listing Schedule

2023-02-09 12:17:27 UTC 16459 Read

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**1 Pine Protocol (PINE)Token Sale Result**

The Gate.io Startup Pine Protocol (PINE)sale result is as follows:
PINE Startup Sale Amount: 250,000 PINE
Total value of orders (in USDT): 47,342,980 USDT
Total value of qualified orders (in USDT): 46,822,820 USDT
Number of orders:16,415
Number of Qualified orders: 15,903
Percentage of qualified orders: 96.880901614377 %
Percentage of succeeded purchases: 98.901294341843 %
Number of participants: 16,415
Number of qualified participants: 15,903

Average qualified order value per user (in USDT): 2944.2759227819 USDT
Average distribution value per user (in USDT): 3.1440608690184 USDT
Average distributed PINE per user: 15.720304345092 PINE

F (distribution ratio) = 0.001067855374794

Per the previous announcement, all qualified orders will obtain the token on sale equally. To guarantee transparency and fairness, all original records are stored for possible third-party auditing.

Attention: Most unqualified orders occurred due to insufficient balance in the user account. Please ensure there is sufficient balance (exceeding the purchasing value) for the order by UTC 12:00 A.M. The insufficient balance will result in the cancellation of the purchase order.

**2 PINE Listing**

We will commence PINE trading at Feb 09th, PM 13:00 UTC. The withdrawal service will be available afterwards.

（1）Deposit PINE at:[https://www.gate-learn.com/myaccount/deposit/PINE](https://www.gate-learn.com/myaccount/deposit/PINE "https://www.gate-learn.com/myaccount/deposit/PINE")

（2）Trade PINE at:[https://www.gate-learn.com/trade/PINE_USDT](（2）交易地址为：https://www.gate-learn.com/trade/PINE_USDT "https://www.gate-learn.com/trade/PINE_USDT")

**3 Gate.io Startup Initial Offer**

Gate.io Startup has become increasingly more popular among users, with an excellent performance since its launch. In 2020, Gate.io Startup Initial Offer has upgraded to version 2.0. We are providing more flexible and diversified services to attract more promising projects. At the same time, we are aiming at providing more protections to our users.
If you are a project team and want to commence your initial token sale here, submit a request below.
Apply at: [https://www.gate.io/listrequest](https://www.gate.io/listrequest "https://www.gate.io/listrequest")

If you project has had initial token sale and wants to be listed at Gate.io, you may also apply to participate in our voting for listing activities. If you are our user and have a good project to recommend, please fill the application form and let us know. Let’s work together to boost the development of Gate.io and create more benefits to our users.

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Gate.io Team
Feb 09th, 2023

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