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Gate.io Startup VIDY Token Sale Result and VIDY Trading Service Announcement

2019-07-08 15:00:44Read:254556

The Gate.io Startup Vidy (VIDY) Token Sale started at UTC 4:00 and ended at UTC 6:00 on July 8th, 2019. All orders placed during this period were treated equally. With a total of 4881 participants, a total of $43 million USD worth of orders were placed (with a total of 52 million GT), and the distribution ratio is 2.7755%.
Gate.io will distribute VIDY based on the data we collected, please go to "My Startup" for the balance detail.
https://www.gate.io/myaccount/mystartup

1. VIDY(VIDY) Token Sale Result

The Gate.io Startup Discount Offer Vidy (VIDY) token sale result is as follows:

VIDY Startup Sale Amount: 1,200,000,000 VIDY
Total value of orders (in USDT): 43419000.0027203 USDT
Total value of qualified orders (in USDT): 43243200.00270928 USDT
Number of orders: 4881
Number of Qualified orders: 4840
Percentage of qualified orders: 99.1600%
Percentage of succeeded purchases: 99.5951%
Number of participants: 4881
Number of qualified participants: 4840

Average qualified order value per user (in USDT): 8934
Average distribution value per user (in GT): 302
Average distributed VIDY per user: 247933

F (distribution ratio with GT) = 0.027750027750028

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.

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.

2. VIDY Trading Service

The VIDY trading service will be enabled at UTC 4:00, Wednesday, July 9th on Gate.io. The withdrawal service will be available afterwards.

Deposit VIDY at:
https://www.gate.io/myaccount/deposit/VIDY

Trade VIDY at:
https://www.gate.io/trade/VIDY_USDT

To decrease volatility during the initial trading stage, we will apply the Call Auction Mechanism. The rules are as follows:

1) During the call auction, traders can place orders freely, but the orders will not be active immediately. The real-time reference trading price will be presented and calculated based on the Call-order price from the largest amount of trades created. During this period, the order book and the candlestick chart will also show the information about the related price range and the market movement based on the real-time reference (please note that the presented price is not the real trading price).

2) During UTC 4:00 - 4:15 (15 minutes in total), which is the first stage of call auction, traders are allowed to place orders and cancel orders freely.

3) During UTC 4:15 - 4:30 (15 minutes in total), which is the second stage of call auction, orders can be placed freely by the traders, but orders cancellation are prohibited.

4) When the call auction is finished, users will not be able to place or cancel any orders. From UTC 4:30-4:35 (5 minutes in total), the sys. will collect all the data and match the orders. Buy orders with prices higher than the reference price and sell orders with prices lower than the reference price will be matched and e xecuted (a portion of the orders with a higher routed price may not be matched). The remaining orders will go to the order book of the next trading stage automatically.

5) After the call auction data collection, we will enable trading activities.

6) The call auction is for Web only. Mobile users can initiate regular tradings after the call auction at UTC 4:35.

3. Gate.io Startup

Gate.io has launched Startup, a platform that aims to provide users with access to innovative and advanced projects. Traders now have more opportunities to make initial investment. Trading service will be enabled once the startup project fulfills its fund raising goal.

Startup Link: https://www.gate.io/startup

We sincerely appreciate your continuous support. Stay tuned for more innovative products from Gate.io!

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
July 8, 2019