Announcements Announcement on the Completion of Lamina1(L1) Pre-Market Trading Settlement Results

Announcement on the Completion of Lamina1(L1) Pre-Market Trading Settlement Results

2024-11-24 08:56:14 UTC 12873 Read

L1/USDT -15.95%

[//]:content-type-MARKDOWN-DONOT-DELETE
Gate.io completed the L1 PreToken minting order settlement on November 24th at 06:00 AM (UTC), and the actual L1 distribution & stake asset settlement was finalized at 06:30 AM (UTC) on the same day.
63,224.7 Real L1 tokens have been distributed to users holding L1 Pretoken at the time of the snapshot, as well as 5,662.239874 USDT pledges for which delivery was not completed on time.
Please visit the “Assets” section and click on “Bills” in the top right corner to view the details of the PreMint settlement statement under “PreMint Settlement Token” and “Staked Assets Settlement.”

**Details of L1 Pre-Market Settlement:**
Lamina1(L1) Minted in Total: 67,088.01 L1
Lamina1(L1)Staked USDT Amount in Total: 66,186.72909 USDT
L1 Delivered by Minting Users in Total: 63,224.7 L1
Returned Staking Deposits in USDT in Total: 60,524.489216 USDT
Remaining Defaulted Staking Assets in USDT in Total: 5,662.239874 USDT

**Example:**
If User A held 1,000 L1 at the snapshot, the distribution ratio for User A would be calculated as follows:
Distribution Ratio = L1 Snapshot Amount / Total L1 Minted = 1,000/67,088.01
The amount of L1 User A is expected to receive is:
L1 Amount = Distribution Ratio × Total L1 Delivered = (1,000/67,088.01)×63,224.7= 942.414 L1
The amount of USDT User A is expected to receive is:
USDT Amount = Distribution Ratio × Defaulted Staked Assets =(1,000/67,088.01)×5,662.239874= 84.4 USDT

For guides and FAQs on Gate.io PreMint participation, please visit: https://www.gate.io/help/guide/faq/38245

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Gate.io Team
Nov 24th, 2024

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Announcement on the Completion of Lamina1(L1) Pre-Market Trading Settlement Results

Announcement on the Completion of Lamina1(L1) Pre-Market Trading Settlement Results

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