Announcements Gate.io Announcement on Launching the Pre-Market PreToken Trading to XION(XION)

Gate.io Announcement on Launching the Pre-Market PreToken Trading to XION(XION)

2024-11-14 04:20:23 UTC 10257 Read

XION/USDT -6.99%

[//]:content-type-MARKDOWN-DONOT-DELETE
**Gate.io will launch Pre-Market Trading to XION(XION), the detailed schedule is as below:**
Pre-Mint starts time: 05:00 AM UTC, November 14th, 2024
Pre-Market PreToken Trading starts time: 09:00 AM UTC, November 14th, 2024

Pre-Market PreMint page: <div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/premint" target="_blank" style="text-decoration: none;display: inline-block;"><div style="text-align:center;background: #2354E6; padding: 16px; border-radius: 8px; width: 200px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">Join now</span></strong></div></a></div>

Pre-Market PreToken Trading Page: <div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/trade/XION_USDT?ch=ann40671" target="_blank" style="text-decoration: none;display: inline-block;"><div style="text-align:center;background: #2354E6; padding: 16px; border-radius: 8px; width: 200px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">Join now</span></strong></div></a></div>

**About XION(XION) :**
XION is the first walletless L1 purpose built for mainstream adoption through chain abstraction.

[Website ](https://xion.burnt.com/ "Website ")| [Official twitter](https://xion.burnt.com/whitepaper.pdf "Official twitter")
XION Token MAX Supply: 200 Million

**Gate.io Pre-Market PreMint Introduction as follows:**
**What is Gate.io Pre-market PreMint?**
Pre-market PreMint allows investors to lock USDT to mint PreTokens and place orders in the trading market to earn profits in advance.

**PreMint Feature Highlights**
-Take Profits Early: The seller can sell PreToken at their favorable prices in the trading market without waiting and gain profits earlier.
-Trade Flexibly: The buyer can buy or sell PreToken at their favorable prices or wait for settlement, allowing for more adaptable trading strategies.

**PreMint Feature Rules**
1.The PreMint entry typically becomes available after the pre-market project begins trading. Users can lock USDT through the PreMint entry to mint PreTokens. Once minted, the corresponding PreToken balance will be added to the user’s account.
2.The PreToken trading market will open after a specific period once the pre-market project begins trading. Users can trade their minted PreTokens in the PreToken trading market, following the same rules as other trading pairs.
3.The PreMint entry and the PreToken trading market close before the pre-market project trading ends. After the market closes, a snapshot of each UID’s PreToken balance is taken and then cleared.
4.Users can mint PreTokens during the pre-market trading period and trade them in the trading market.
5.Users who pre-minted PreTokens need to deposit the corresponding project tokens before the settlement time and ensure there are enough project tokens in their accounts. The system will deduct the project tokens from the account and return the locked USDT to the user’s account.
6.After settlement, the system will automatically settle PreToken holders based on the snapshot taken before the market closure. Users will then receive the real tokens and any penalty collateral from non-settling minting users.

**Learn more**
Gate.io Pre-Market Trading: https://www.gate.io/pre-market
PreMint Guide & FAQ: https://www.gate.io/help/guide/faq/38245

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Gate.io Team
Nov 14th, 2024

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Gate.io Announcement on Launching the Pre-Market PreToken Trading to XION(XION)

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