Announcements Gate.io Announcement on Launching the Pre-Market OTC Trade to Symbiotic(SYMBIOTIC)

Gate.io Announcement on Launching the Pre-Market OTC Trade to Symbiotic(SYMBIOTIC)

2024-10-16 10:09:56 UTC 13487 Read

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Gate.io launched Pre-Market OTC Trading for Symbiotic(SYMBIOTIC) on October 16th, 2024.

OTC Trading start time: 11:00am UTC 16th Oct 2024
OTC Trading end time: TBC

Pre-Market Trading Page: https://www.gate.io/pre-market/SYMBIOTIC

**Delivery Schedule: Please refer to the trading page for the specific details of the delivery time.**

**Note:
1) The launched Pre-Market OTC Trading is for SYMBIOTIC Points, not the SYMBIOTIC Token.
2) Gate will launch SYMBIOTIC Token Pre-Market OTC Trading after the Max Supply of SYMBIOTIC Token is confirmed.
At that time, completed orders from SYMBIOTIC Points Pre-Market OTC Trading will be transferred to SYMBIOTIC Token Pre-Market OTC Trading. Gate will complete the conversion of SYMBIOTIC Points to SYMBIOTIC Token for the user based on the actual official Points-to-Token conversion ratio.
3）Please always pay attention to the delivery schedule and complete delivery on time. Failure to comply with the delivery schedule may result in the loss of collateral.**

About Symbiotic(SYMBIOTIC):
Symbiotic is a generalized restaking system enabling decentralized networks to bootstrap powerful, fully sovereign ecosystems. It offers a way for decentralized applications, called actively validated services, or "AVSs," to collectively secure one another. Users will be able to restake assets that they've deposited with other crypto protocols to help secure these AVSs – be they rollups, interoperability infrastructure, or oracles – in exchange for rewards.

[Official X](https://x.com/symbioticfi "Official X")

SYMBIOTICS Points Max Supply: 100B

**Gate.io Pre-Market OTC Trading Introduction as follows:**
**What is Gate.io Pre-Market OTC Trading?**
Gate.io Pre-Market Trading is an Over-the-Counter (OTC) trading service that allows investors to buy and sell new tokens before their official listing. It enables users to set prices and trade tokens at anticipated rates before public trading begins.

**Key benefits of Pre-Market OTC Trading**
It offers investors the chance to potentially acquire trending tokens at lower costs compared to the market listing price, providing a competitive edge in pricing.

**How to conduct Pre-Market OTC Trading?**
On Gate.io Pre-Market OTC Trading, traders can buy or sell specific tokens before its officially listed. Traders can choose to be a Maker, creating orders with preset prices, or be a Taker, matching active orders on the platform. Refer to the Pre-Market Trading Beginner’s Guide for more details.

Note: Both buyer and seller need to pay trading fees in advance. Sellers are required to pay a collateral amount based on the collateral rate to ensure timely settlement. The collateral will be refunded after the delivery is successful. All transactions are priced in USDT.

**Read More**
[[FAQ about Pre-Market OTC Trading]](https://www.gate.io/help/pre-market-trading/pre-market/35226/faq-about-pre-market-trading "[FAQ about Pre-Market OTC Trading]")
[[Pre-Market OTC Trading Guide]](https://www.gate.io/help/pre-market-trading/pre-market/35228/pre-market-trading-guide "[Pre-Market OTC Trading Guide]")

**Disclaimer**
Please note that Pre-Market OTC trading carries various risks, including limited liquidity, large bid-ask spreads, and price uncertainty.

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Gate.io Team
October 16th，2024

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