Gate io offering discounted crypto purchases

Looking for a few bargains in crypto is often harder than you would imagine. Gate.io is a crypto currency exchange aiming to provide a secure and transparent exchange platform with no market manipulations. They recently announced a series of limited time discount purchase options for selected cryptocurrencies.

They have now announced a 2 hour timeframe within which TRX will be available at a 50% discount. Full terms and conditions can be found below in their announcement.

For an overview of other discounted sales please refer to their website

Gate.io Startup Special Offers

The Gate.io Startup Special Offers with top cryptocurrencies is now available. We will launch sales of some of the most popular traded currencies (e.g. BTC, TRX, EOS, etc) with discounts on a monthly basis.

Gate.io Startup 50% Discount TRX Sale

To thank our users’ continuous support, Gate.io and TRON will be offering $400,000 worth of TRX for sale with a 50% discount on Startup. The Startup price is calculated based on the average closing price of June 1st, 2nd, 3rd (0.036526 USDT/TRX). TRON will be offering 2,703,083 TRX (worth of $100,000 USD). The rest of the TRX for sale will be offered by Gate.io. The trading service of BTT/TRX will be enabled after the Startup Sale.

The purchase rules for Startup TRX Sale with 50% Discount are as follows:

1) Time: UTC4:00 – 6:00, June 13.
All the orders placed within these two hours are treated equally.

2) Participants can purchase with GT.

3) Participants should be VIP3 and above.

4) Purchase price: The price (in GT) and the number of orders will be set 3 hours prior to the sale. Each order is worth about $150 USD. Users can place one or a few orders according to the individual purchase limit.

5) Purchase limit: The individual purchase limit will be calculated based on the average holdings of GT (including asset in Lending/Borrowing Market, and the GT bought with USDT borrowed from Margin Trading; however, GT borrowed from Margin Trading is not included) 14 days prior to the sale. Users with no GT holdings cannot participate in the sale. Participants can have a higher purchase limit with more GT holdings. Below is chart that shows the purchase limit based on different amount of GT holdings:

E.g. User X is VIP3 (monthly total trading volume ≥ 12BTC). He or she has never held GT, but purchases 14,000 GT the day before the Startup Sale. Therefore, user X’s average 14-day GT balance is 14000 GT/ 14 days= 1000 GT. Thus, user X has met the requirements of holding GT (tier 1) and being a VIP user. User X can place up to 10 orders in the Startup Sale.

7) Users can place orders from UTC 4:00 to UTC 6:00. Order placed by qualified users within these 2 hours will be treated equally.

8) Users need to ensure there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders. An insufficient balance will result in the cancellation of the purchase order.

9) Each KYC account can only purchase once.

10) After UTC 6:00, we will collect all the qualified orders and distribute the tokens according to the individual purchased orders: total purchased orders ratio. The final result will be announced at UTC 8:00 each day.
The distribution calculation rules are as follow:

F (distribution ratio) = Daily TRX supply limit ÷ Total TRX supply limit
P (actual individual purchased TRX) = F × qualified individual orders
M (actual payment amount) = Startup Sale Price × P

E.g. TRX daily supply limit is 100 million. The ordered TRX is 200 million. User X has placed an order to purchase 100 thousand TRX.

Thus:
F (distribution ratio) = 100,000,000 ÷ 200,000,000 =0.5
P (actual individual purchased TRX) = 0.5 × 100,000 = 50,000
M (actual payment amount in GT) = 50,000 × Startup Price in GT

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 service

###

(Note, letemspin.com does not advise on a choice of cryptocurrency exchange, always do your own research and remember that investing of any description can be subject to you incurring financial losses)

Relevant news