Announcements Gate.io Announcement on Launching the Pre-Market Trade to Freedogs (FREEDOG)

Gate.io Announcement on Launching the Pre-Market Trade to Freedogs (FREEDOG)

2024-09-18 16:46:21 UTC 35546 Read

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Gate.io launched Pre-Market Trading for Freedogs (FREEDOG) on September 18th, 2024.

Delivery Schedule: Please refer to the trading page for the specific details of the delivery time.

Pre-Market Trading Page: https://www.gate.io/pre-market/FREEDOG

Gate will preset an initial token issuance amount for points-based pre-market projects. When the project officially announces its tokenomics, the platform will determine the exchange ratio based on the ratio of the actual token issuance amount and the preset issuance amount of points. During that period, there’s no changes to the total amount of orders made, the system will convert the points into tokens in equal proportions according to the exchange ratio, and the settlement must be based on the number of mapped tokens.
For example: User A sells 5,000 Freedogs Points at a price of 0.01 USDT. The transaction amount of this order is 50 USDT. If the ratio of the announced initial issuance and the actual issuance is 1:10, the number of tokens after mapping is as shown in the table below :
![](https://gimg2.gateimg.com/startup/1726676635913191794-2.png)

**Note:
1) The launched Pre-Market Trading is for FREEDOG Points, not the FREEDOG Token.
2) Users can trade FREEDOG Points Pre-Market Trading in advance, before FREEDOG Token Pre-Market Trading is launched on Gate.
3) Gate will launch FREEDOG Token Pre-Market Trading after the Max Supply of FREEDOG Token is confirmed.
At that time, completed orders from FREEDOG Points Pre-Market Trading will be transferred to FREEDOG Token Pre-Market Trading. Gate will complete the conversion of FREEDOG Points to FREEDOG Token for the user based on the actual official Points-to-Token conversion ratio.
4）Please always pay attention to the delivery schedule and complete delivery on time. Failure to comply with the delivery schedule may result in the loss of collateral.**

About Freedogs (FREEDOG):
FreeDogs is an an innovative project based on the concept of Web3 with MEMEs. Players can explore infinite possibilities by flying paper airplanes that symbolize freedom. Paper airplanes in the game represent the player's pursuit of freedom and the future. They carry everyone's dreams and fly to infinite possibilities.

[Official X](https://x.com/theFreeDogs_bot "Official X")

FREEDOGS Token Max Supply: TBD
FREEDOGS Points Max Supply: 100B

**Gate.io Pre-Market Trading Introduction as follows:**

## What is Gate.io Pre-Market Trading?
Gate.io Pre-Market Trading is an Over-the-Counter (OTC) trading service that allows investors to buy and sell new tokens before their official listing. It enables users to set prices and trade tokens at anticipated rates before public trading begins.

Read More
[[FAQ about Pre-Market Trading]](https://www.gate.io/help/pre-market-trading/pre-market/35226/faq-about-pre-market-trading "[FAQ about Pre-Market Trading]")
[[Pre-Market Trading Guide]](https://www.gate.io/help/pre-market-trading/pre-market/35228/pre-market-trading-guide "[Pre-Market Trading Guide]")

## Key benefits of Pre-Market Trading
It offers investors the chance to potentially acquire trending tokens at lower costs compared to the market listing price, providing a competitive edge in pricing.

## How to conduct Pre-Market Trading?
On Gate.io Pre-Market Trading, traders can buy or sell specific tokens before its officially listing. Traders can choose to be a Maker, creating orders with preset prices, or be a Taker, matching active orders on the platform. Refer to the Pre-Market Trading Beginner's Guide for more details.

Note: Both buyer and seller need to pay trading fees in advance. Sellers are required to pay a collateral amount based on the collateral rate to ensure timely settlement. The collateral will be refunded after the delivery is successful. All transactions are priced in USDT.*

Now, let’s take a look the two different roles in Pre-Market Trading.
![](https://gimg2.gateimg.com/image/article/1712629932en1.png)

Notes:
1.Only unfilled orders can be canceled, orders cannot be canceled once matched with a counterparty.
2.Unfilled orders will be automatically canceled after the Pre-Market trading ends.

## Terms Explained
![](https://gimg2.gateimg.com/image/article/1712629179en2new.png)

### Changes in Token Listings on Gate.io
(1) If there's a listing delay, executed Pre-Market trading orders stay valid. New delivery times will be notified through Gate.io announcements and emails.
(2) If the listing is canceled, all Pre-Market trading orders are voided. Users receive refunds for frozen collateral within a working day, with no trading fees charged.

### Fee Structure
**Transaction Fee: **The transaction fee rate applies to the total order value of matched orders. Check the latest rates on the trading page.
**Other Fees:** If the seller misses the delivery time, a 10% collateral will be retained as a fee by the platform, with the remaining 90% compensated to the buyer.

### Disclaimer
Please note that Pre-Market trading carries various risks, including limited liquidity, large bid-ask spreads, and price uncertainty.

Gate.io Announcement on Launching the Pre-Market Trade to Freedogs (FREEDOG)

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