Announcements Gate.io Announcement on Lamina1 (L1) Pre-Market Trading Delivery and Settlement Time

Gate.io Announcement on Lamina1 (L1) Pre-Market Trading Delivery and Settlement Time

2024-11-20 12:08:45 UTC 5294 Read

L1/USDT -19.78%

[//]:content-type-MARKDOWN-DONOT-DELETE
PreMint end time: 04:00 PM 22nd November 2024 (UTC)
Premarket trading end time: 04:00 AM 23rd November 2024 (UTC)
Delivery start time: 04:00 AM 24th November 2024 (UTC)
Delivery end time: 06:00 AM 24th November 2024 (UTC)

**Attention:**
1.After the minting portal is closed, users cannot stake USDT to mint PreToken and cannot use the cancel staking function;
2.After the Lamina1 (L1) Premarket closure, the system will take a snapshot of users’  L1 PreToken holdings and clear the L1 PreToken balances.
3.Users participating in PreToken minting should ensure that you hold sufficient  L1 tokens in your accounts within the delivery time. The corresponding amount of tokens will be deducted automatically from the accounts within the delivery time and the staked amount will be returned to your accounts.
4.After the settlement, we will settle the accounts for users who held  L1 PreTokens at the time of the snapshot (The settlement is expected to be completed within 1 hour, but please refer to the actual timing). Once settled, you will receive the real L1 from the settlement, as well as the locked USDT from users who failed to complete the settlement on time.

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Gate.io Team
Nov 20th, 2024

Gate.io Announcement on Lamina1 (L1) Pre-Market Trading Delivery and Settlement Time

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