Announcements Xion (XION): Gate.io Completion of Pre-Market Trading Settlement Results

Xion (XION): Gate.io Completion of Pre-Market Trading Settlement Results

2024-12-06 04:06:10 UTC 7739 Read

XION/USDT + 33.31%

[//]:content-type-MARKDOWN-DONOT-DELETE

Gate.io completed the XION PreToken minting order settlement on December 5th at 02:00 PM (UTC), and the actual XION distribution & stake asset settlement was finalized at 02:30 PM (UTC) on the same day.

21,410.52 Real XION tokens have been distributed to users holding XION Pretoken at the time of the snapshot, as well as 4,888.435185 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 XION Pre-Market Settlement:
Xion (XION)Minted in Total: 21,846.47 XION
Xion (XION)Staked USDT Amount in Total: 241,214.0110754 USDT
XION Delivered by Minting Users in Total: 21,410.52 XION
Returned Staking Deposits in USDT in Total: 236,325.5758904 USDT
Remaining Defaulted Staking Assets in USDT in Total: 4,888.435185 USDT

Example:
If User A held 1,000 XION at the snapshot, the distribution ratio for User A would be calculated as follows:
Distribution Ratio = XION Snapshot Amount / Total XION Minted = 1,000/21,846.47
The amount of XION User A is expected to receive is:
XION Amount = Distribution Ratio × Total XION Delivered = (1,000/21,846.47)×21,410.52=980.044 XION
The amount of USDT User A is expected to receive is:
USDT Amount = Distribution Ratio × Defaulted Staked Assets =(1,000/21,846.47)×4,888.435185=223.763 USDT

For guides and FAQs on Gate.io PreMint participation, please visit: https://www.gate.io/help/pre-market-trading/pre-market/39269/gate.io-pre-market-faq

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Gate.io Team
December 6th, 2024

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