Announcements Announcement on the Completion of Piggy Piggy (PGC) Pre-Market Trading Settlement Results

Announcement on the Completion of Piggy Piggy (PGC) Pre-Market Trading Settlement Results

2024-11-13 04:26:16 UTC 13625 Read

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Gate.io completed the PGC PreToken minting order settlement on November 12th at 16:00 PM (UTC), and the actual PGC distribution & stake asset settlement was finalized at 16:30 PM (UTC) on the same day.

19,216,167.74 Real PGC tokens have been distributed to users holding PGC Pretoken at the time of the snapshot, as well as 1,975.3762796 USDT pledges for which delivery was not completed on time.

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 PGC Pre-Market Settlement:**
Piggy Piggy (PGC)Minted in Total: 19,317,018.46 PGC
Piggy Piggy (PGC)Staked USDT Amount in Total: 358,202.6507662 USDT
PGC Delivered by Minting Users in Total: 19,216,167.74 PGC
Returned Staking Deposits in USDT in Total: 356,227.2744866 USDT
Remaining Defaulted Staking Assets in USDT in Total: 1,975.3762796 USDT

**Example:**
If User A held 1,000 PGC at the snapshot, the distribution ratio for User A would be calculated as follows:
Distribution Ratio = PGC Snapshot Amount / Total PGC Minted = 1,000/19,317,018.46

The amount of PGC User A is expected to receive is:
PGC Amount = Distribution Ratio × Total PGC Delivered = (1,000/19,317,018.46)×19,216,167.74= 994.779 PGC

The amount of USDT User A is expected to receive is:
USDT Amount = Distribution Ratio × Defaulted Staked Assets =(1,000/19,317,018.46)×1,975.3762796= 0.102 USDT

For guides and FAQs on Gate.io PreMint participation, please visit: https://www.gate.io/help/guide/faq/38245

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Gate.io Team
Nov 13th, 2024

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Announcement on the Completion of Piggy Piggy (PGC) Pre-Market Trading Settlement Results

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