Announcements Gate.io Announcement on Launching the Pre-Market Trade to Hyperliquid (HYPE)

Gate.io Announcement on Launching the Pre-Market Trade to Hyperliquid (HYPE)

2024-10-18 04:47:50 UTC 27822 Read

HYPE/USDT + 7.64%

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Gate.io will launch Pre-Market Trading for Hyperliquid (HYPE)

Mint start: 02:00AM Oct 18th, 2024  UTC
Pre-Market trading start time: 08:00AM Oct 18th, 2024  UTC

Mint page:  <div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/premint" target="_blank" style="text-decoration: none;display: inline-block;"><div style="text-align:center;background: #2354E6; padding: 16px; border-radius: 8px; width: 200px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">Join now</span></strong></div></a></div>

Pre-Market trading page: <div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/trade/HYPE_USDT?type=pre" target="_blank" style="text-decoration: none;display: inline-block;"><div style="text-align:center;background: #2354E6; padding: 16px; border-radius: 8px; width: 200px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">Join now</span></strong></div></a></div>

**About Hyperliquid (HYPE):**
Hyperliquid is a performant L1 optimized from the ground up. The vision is a fully onchain open financial system with user built applications interfacing with performant native components, all without compromising end user experience. 
[Website](https://hyperliquid.xyz/ "Website")  |  [X](https://x.com/HyperliquidX "X")

Hyperliquid (HYPE) Points Max Supply: 100B
Hyperliquid (HYPE) Token Max Supply: TBA

**Gate.io Pre-Market  Introduction as follows:**
**What is Gate.io Pre-market?**
Pre-market allows investors to lock USDT to mint PreTokens and place orders in the trading market to earn profits in advance.

**Feature Highlights**
-Take Profits Early: The seller can sell PreToken at their favorable prices in the trading market without waiting and gain profits earlier.
-Trade Flexibly: The buyer can buy or sell PreToken at their favorable prices or wait for settlement, allowing for more adaptable trading strategies.

**Feature Rules**
1.The entry typically becomes available after the pre-market project begins trading. Users can lock USDT through the entry to mint PreTokens. Once minted, the corresponding PreToken balance will be added to the user’s account.
2.The PreToken trading market will open once the pre-market project begins trading. Users can trade their minted PreTokens in the PreToken trading market, following the same rules as other trading pairs.
3.The entry and the PreToken trading market close before Project Spot listing start. After the market closes, a snapshot of each UID’s PreToken balance is taken and then cleared.
4.Users who minted PreTokens need to deposit the corresponding project tokens before the settlement time. The system will deduct the project tokens from the account and return the locked USDT to the user’s account once the settlement is done. 
5.After settlement, the system will automatically settle PreToken holders based on the snapshot taken before market closure. Users will then receive the real tokens and any penalty collateral from non-settling minting users.

**Note:**
1) The launched Pre-Market OTC Trading is for HYPE Points, not the HYPE Token.
2) Gate will launch HYPE Token Pre-Market OTC Trading after the Max Supply of HYPE Token is confirmed.
At that time, completed orders from HYPE Points Pre-Market OTC Trading will be transferred to HYPE Token Pre-Market OTC Trading. Gate will complete the conversion of HYPE Points to HYPE 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.

<sp>
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Gate.io Team
Oct 18th, 2024

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