Announcements Announcement on the Completion of DOGS Pre-Market Settlement and PreToken Distribution

Announcement on the Completion of DOGS Pre-Market Settlement and PreToken Distribution

2024-08-27 06:54:33 UTC 11475 Read

DOGS/USDT -2.22%

[//]:content-type-MARKDOWN-DONOT-DELETE
Gate.io has completed the DOGS PreToken minting order settlement on August 27th at 10:00 (UTC+8), and the actual DOGS distribution & staked asset settlement were finalized at 11:00 (UTC+8) on the same day. Based on the settlement results, DOGS tokens deposited by users for minting have been deducted, and the staked assets have been returned. A total of 2,308,188,989.926 actual DOGS tokens, along with the 170,894.879922 USDT defaulted staked assets from users who failed to complete the settlement on time, have been distributed to users who held DOGS PreToken at the time of the snapshot.
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 DOGS Pre-Market Settlement:**
Total DOGS Minted: 2,336,561,232.617 DOGS
Total Staking Amount: 9,952,808.364 USDT
Total DOGS Delivered by Minting Users: 2,308,188,989.926 DOGS
Returned Staking Deposits in USDT: 9,781,913.484 USDT
Remaining Defaulted Staking Assets in USDT: 170,894.879 USDT

**Example:**
If User A held 1,000 DOGS at the snapshot, the distribution ratio for User A would be calculated as follows:
Distribution Ratio = DOGS Snapshot Amount / Total DOGS Minted = 1,000 / 2,336,561,232.617
The amount of DOGS User A is expected to receive is:
DOGS Amount = Distribution Ratio × Total DOGS Delivered = (1,000 / 2,336,561,232.617) × 2,308,188,989.926 = 987.857 DOGS
The amount of USDT User A is expected to receive is:
USDT Amount = Distribution Ratio × Defaulted Staked Assets = (1,000 / 2,336,561,232.617) × 170,894.879922 = 0.073 USDT
For guides and FAQs on Gate.io PreMint participation, please visit: [Gate.io PreMint Guide](https://www.gate.io/help/guide/faq/38245)

<sp>
**Gateway to Crypto
**Trade over 1,700 cryptocurrencies safely, quickly, and easily on Gate.io

Download Gate.io [App](https://www.gate.io/mobileapp?ch=ann28618 "App") / [Web](https://www.gate.io/mobileapp "Web") Client now>>>
Follow us on [Gate.io X (Twitter)](https://twitter.com/gate_io "Gate.io X (Twitter)") to get more bonuses>>>
Join our [Telegram](https://t.me/gateio_en "Telegram") to discuss hot topics>>>
Join our [Global Community](https://www.gate.io/community "Global Community") to get more updates>>>
We provide [100% proof of reserve](https://www.gate.io/proof-of-reserves "100% proof of reserve")>>>
[Sign up](https://www.gate.io/signup "Sign up") to enjoy max. $6666 in rewards exclusively for new users
Get 40% commission from [referrals](https://www.gate.io/referral "referrals")

Gate.io Team
August 27th, 2024

Change & Chart Start-End Time

Rise/Fall Color

Pay With

Announcement on the Completion of DOGS Pre-Market Settlement and PreToken Distribution

Announcement on the Completion of DOGS Pre-Market Settlement and PreToken Distribution

Select language and region

Select your region

Fiat Currencies