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Gate.io subsidy scheme for the opening event of Wise Monkey (MONKY)
After the opening of Wise Monkey (MONKY), we detected abnormal trading behavior, resulting in abnormal Fluctuation in the trading price within 8 minutes after the opening. We immediately communicated actively with the project party, and the project party responded promptly and conducted in-depth discussions to seek a solution. After urgent negotiations, we will subsidize users who bought during the period from 18:00 to 18:08 on December 12, 2024 (UTC+8). The plan is as follows:
Subsidy plan is as follows: 1. Subsidy Standard: We will subsidize MONKY equivalent to 0.00002 USDT per token to users who bought during the time period from 18:00 to 18:08 (UTC+8) on December 12, 2024. Subsidy calculation method: (USDT spent on purchase - USDT obtained from sale) / 0.00002USDT = Compensation MONKY quantity If you have not sold after buying, the USDT proceeds from the sale will be calculated at a price of (quantity bought - quantity sold) × 0.00002 USDT.
2. Application Process: a. Users need to apply for compensation by submitting a form. b. Form link: https://www.gate.io/zh/questionnaire/5734
3. Deadline: Please fill out the form to apply before 00:00 on December 28, 2024. Late submissions will not be accepted. 4. Review and Distribution: We will review the submitted applications and distribute subsidies within 7 working days after approval.
We will take stricter risk control measures to avoid such incidents from happening again. At the same time, we sincerely thank the project party for their positive and cooperative attitude in this incident.
Please note:
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Gate.io December 15th, 2024