Announcements Gate.io Announcement on Pre-Listing OTC Trading: Confirmation on MAJOR POINTS and MAJOR Tokens Conversion Ratio

Gate.io Announcement on Pre-Listing OTC Trading: Confirmation on MAJOR POINTS and MAJOR Tokens Conversion Ratio

2024-11-20 03:58:08 UTC 13141 Read

MAJOR/USDT -2.90%

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Due to the detailed tokenomics disclosed by the Major (MAJOR) project, pre-listing OTC trades will undergo a proportional conversion process. Details are as follows:
- MAJOR POINTS total supply: 10,000,000,000
- MAJOR total supply: 100,000,000
- Conversion ratio: MAJOR : MAJOR POINTS = 1 : 100

**What is a Pre-Listing OTC Trading Points Order?**
1. Pre-Listing OTC Points Orders follow the principle of maintaining total market cap equivalence
MAJOR POINTS has a projected issuance of 10 billion, serving as the token credential for pre-listing OTC trades of MAJOR. The total supply of MAJOR is locked at 100 million, establishing a conversion ratio of 1:100.
2. All completed MAJOR POINTS pre-listing OTC trades will be converted to MAJOR at the specified ratio
The total order settlement amount will remain consistent.
 Example:
User A purchases 5,000 MAJOR POINTS at a price of 0.01 USDT per point. The total order amount is 50 USDT, with a deposit guarantee of 50 USDT.
After the conversion at the ratio of 1:100, the total settlement amount remains 50 USDT, but the token quantity will reduce from 5,000 MAJOR POINTS to 50 MAJOR (5,000 ÷ 100 = 50).
Users can check their post-conversion token quantity in the history of pre-listing OTC transactions for MAJOR POINTS.
![Pre-Listing OTC Trading: Confirmation on MAJOR POINTS and MAJOR Tokens Conversion Ratio](https://gimg2.gateimg.com/image/article/17320747582.jpeg "Pre-Listing OTC Trading: Confirmation on MAJOR POINTS and MAJOR Tokens Conversion Ratio")

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Gate.io Team
Nov 20th, 2024

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Gate.io Announcement on Pre-Listing OTC Trading: Confirmation on MAJOR POINTS and MAJOR Tokens Conversion Ratio

Gate.io Announcement on Pre-Listing OTC Trading: Confirmation on MAJOR POINTS and MAJOR Tokens Conversion Ratio

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