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

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

2024-09-27 03:11:54 UTC 6996 Read

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Gate.io has completed the HMSTR PreToken minting order settlement on September 26 at 16:00 (UTC), and the actual HMSTR distribution & staked asset settlement were finalized at 17:00 (UTC) on the same day. Based on the settlement results, HMSTR tokens deposited by users for minting have been deducted, and the staked assets have been returned. A total of 229,152,151.6 actual HMSTR tokens, along with the 1,860,446.501 USDT defaulted staked assets from users who failed to complete the settlement on time, have been distributed to users who held HMSTR 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 HMSTR Pre-Market Settlement**:
Total HMSTR Points Minted: 66,198,223.764
Total HMSTR Minted (10:1 swap ratio): 661,982,237.64 HMSTR
Total Staking Amount: 5,459,859.559 USDT
Total HMSTR Delivered by Minting Users: 229,152,151.6 HMSTR
Returned Staking Deposits in USDT: 3,599,413.057 USDT
Remaining Defaulted Staking Assets in USDT: 1,860,446.501 USDT

**Example**:
If User A held 1,000 HMSTR Points at the snapshot, the distribution ratio for User A would be calculated as follows:
Distribution Ratio = HMSTR Points Snapshot Amount / Total HMSTR Minted (Points) = 1,000/66,198,223.764

**The amount of HMSTR User A is expected to receive is**:
HMSTR Amount = Distribution Ratio × Total HMSTR Delivered = (1,000/66,198,223.764)×229,152,151.6= 3,461.605 HMSTR

**The amount of USDT User A is expected to receive is**:
USDT Amount = Distribution Ratio × Defaulted Staked Assets = (1,000/66,198,223.764)×1,860,446.501= 28.104 USDT

For guides and FAQs on Gate.io PreMint participation, please visit: [Gate.io PreMint Guide](https://www.gate.io/help/guide/faq/38245 "Gate.io PreMint Guide")

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Gate.io Team
September 27th, 2024

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