Announcements Zora (ZORA): Gate.io Announcement on Confirming ZORA POINTS and ZORA Tokens Conversion Ratio in Pre-Market OTC Trading

Zora (ZORA): Gate.io Announcement on Confirming ZORA POINTS and ZORA Tokens Conversion Ratio in Pre-Market OTC Trading

2025-04-23 07:37:14 UTC 48361 Read

ZORA/USDT + 2.24%

[//]:content-type-MARKDOWN-DONOT-DELETE
**Due to the total token supply disclosed by the Zora (ZORA) Project, Pre-Market OTC trades will undergo a proportional conversion process. Details are as follows:**
Zora (ZORA) Point Total supply: 10,000,000,000
Zora (ZORA)Token Total supply: 10,000,000,000
Conversion ratio: Zora (ZORA) Token/Zora (ZORA) POINTS= 1/1

**What is a Pre-Market OTC Trading Points Order?**
1. Pre-Market OTC Points Orders follow the principle of maintaining total market cap equivalence ZORA POINTS has a projected issuance of 10,000,000,000, serving as the token credential for Pre-Market OTC trades of ZORA. The Total Supply of ZORA Token is locked at 10,000,000,000, establishing a conversion ratio of 1:1.
2. All completed ZORA POINTS Pre-Market OTC trades will be converted to ZORA Tokens at the specified ratio. The total order settlement amount will remain consistent.
Example: User A purchases 500 ZORA POINTS for 0.1 USDT per point. The total order amount is 50 USDT, with a deposit guarantee of 50 USDT. 
After the conversion at the ratio of 1:1, the total settlement amount remains 50 USDT. And the token quantity also remains 500 ZORA Tokens. 
Users can check their Post-Conversion token quantity in the history of Pre-Market OTC transactions for ZORA POINTS.

<sp>
Gate.io Team
April 23, 2025
<sp>
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Zora (ZORA): Gate.io Announcement on Confirming ZORA POINTS and ZORA Tokens Conversion Ratio in Pre-Market OTC Trading

Zora (ZORA): Gate.io Announcement on Confirming ZORA POINTS and ZORA Tokens Conversion Ratio in Pre-Market OTC Trading

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