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Gate.io Startup FACTS Token Sale Result and BKC Trading Service Announcement

2019-04-29 15:31:27read:245098

The Gate.io Startup FACTS(BKC) Token Sale started at UTC 4:00 and ended at UTC 6:00 on April 29th 2019. All orders placed during this period were treated equally. With a total of 20,000 participants, a total of $43.3 million USD worth of orders were placed (with a total of 55.02 million GT). The distribution ratio of orders placed using GT is 3.55%.

Gate.io will distribute BKC based on the data we collected, please go to "My Startup" for the balance detail.
https://www.gateio.co/myaccount/mystartup

Gate.io will enable the trading and deposit/withdrawal service of BKC at UTC 4:00, April 3th 2019.

Please note that the liquidity is low in the project’s initial trading stage, the market price will be volatile and might see pullbacks from its high opening price. Please be aware of the market risks and place your investment cautiously.

Many users have requested for the Margin Trading and Lending/Borrowing markets after the project is listed. However, at the initial stage of trading, the amount of tokens available for borrowing are limited. This could result in an imbalance between the long and the short, and the market price could be driven up. Therefore, the launch of Margin Trading and Lending/Borrowing Markets of BKC will be postponed until the market price becomes less volatile.

In order to protect traders’ interests on Gate.io, we are now adopting the limit order when Startup projects are listed on exchange. Please refer to the https://www.gateio.co/article/16845 for more information.

For FACTS (BKC), the limit order factors were set as follows:
Startup Price P0=0.00114 USDT
Fluctuate factors C0=20%
Time T0=2

“Pbuy” is set to be 20% high than “P0”, from then on the maximum price will increase by time. 15 minutes from the market opening time, “Pbuy” will be 2.2 times higher than “P0”; 30 minutes from the market opening time, “Pbuy” will be 4.2 times higher than “P0”; 1 hour from the market opening time, “Pbuy” will be 8.2 times higher than “P0”; and so on. Vice versa for “Psell”, the minimum price will decrease by time.
The price limit will be removed the next day.
Users who do not want to buy or sell within this price range can postpone the trade until the range becomes wider.

Trade BKC at:
https://www.gate.io/trade/BKC_USDT

The deposit service of BKC is now available. Deposit BKC at:
https://www.gate.io/myaccount/deposit/BKC

The Gate.io Startup FACTS (BKC) Token Sale Result is as follows:

BKC Startup Sale Amount: 1,350,000,000
Total value of orders (in USDT): 44,146,386
Total value of qualified orders (in USDT): 43,302,102
Number of orders: 20,002
Number of Qualified orders: 19,593
Percentage of qualified orders: 97.9552 %
Percentage of succeeded purchases: 98.0875 %
Number of participants: 20,002
Number of qualified participants: 19,593

Average qualified order value (in GT): 2,808
Average qualified order value per user (in GT): 2,808
Average distribution value per user (in GT): 99.8
Average distributed BKC per user: 68,886

F (distribution ratio with GT) = 0.035540999834142

Per the previous announcement, all qualified orders will obtain the token on sale equally. To guarantee transparency and fairness, all original records are stored for possible third-party auditing.

According to the data above, due to the large number of participants (about 20,000) and the high volume of total value of orders ($550.2 million GT), the distribution ratio (3.55%) was relatively small.

Gate.io Startup will continue to provide more innovative projects, and users will have more opportunities to make initial investments. Stay tuned and keep up with Gate.io Startup by following our announcements and check out the Startup webpage.

Attention: Most unqualified orders occurred due to insufficient balance in the user account. Please ensure there is sufficient balance (exceeding the purchasing value) for the order by UTC 8:00 A.M. The insufficient balance will result in the cancellation of the purchase order.

Gate.io is a trading platform that does not charge listing fee, only launches quality projects, and provides users with a 100% guarantee and instant deposit-withdrawal services.
Get 30% trading fee in the affiliate program at https://www.gate.io/myaccount/myreferrals

Gate.io New Features:
Spot Trading on Gate.io (200+ tokens):https://www.gate.io/trade/BTC_USDT
Margin Trading on Gate.io (Long or Short):https://www.gate.io/margin_trade/BTC_USDT
Perpetual Contract Trading:https://www.gate.io/futures_trade/BTC_USD
Lending on Gate.io (secure and stable, high annual return):https://www.gate.io/margin/lend/USDT
C2C Trading on Gate.io:https://www.gate.io/c2c/usdt_cny
Download Gate.io APP:https://www.gate.io/mobileapp
Download Wallet.io (ALL in ONE):https://www.wallet.io/

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Gate.io
April 25, 2019