Announcements Bio Protocol (BIO): Gate.io Announcement on Confirming BIO POINTS and BIO Tokens Conversion Ratio in Pre-Listing OTC Trading

Bio Protocol (BIO): Gate.io Announcement on Confirming BIO POINTS and BIO Tokens Conversion Ratio in Pre-Listing OTC Trading

2024-12-30 07:50:32 UTC 5851 Read

BIO/USDT + 1.95%

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**Due to the detailed tokenomics disclosed by the Bio Protocol (BIO) project, pre-listing OTC trades will undergo a proportional conversion process. Details are as follows:**
-Bio Protocol (BIO) POINTS total supply: 3,320,000,000
-Bio Protocol (BIO) total supply: 3,320,000,000
-Conversion ratio: BIO : BIO POINTS= 1/1

**What is a Pre-Listing OTC Trading Points Order?**
1.Pre-Listing OTC Points Orders follow the principle of maintaining total market cap equivalence
BIO POINTS has a projected issuance of 3,320,000,000, serving as the token credential for pre-listing OTC trades of BIO. The total supply of BIO is locked at 3,320,000,000, establishing a conversion ratio of 1:1.
2.All completed BIO POINTS pre-listing OTC trades will be converted to BIO at the specified ratio
The total order settlement amount will remain consistent.

Example:
User A purchases 500 BIO POINTS at a price of 0.1 USDT per point. The total order amount is 50 USDT, with a deposit guarantee of 50 USDT.
After the conversion at the ratio of 1:1, the total settlement amount remains 50 USDT. Also, the token quantity will remain 500 BIO.
Users can check their post-conversion token quantity in the history of pre-listing OTC transactions for BIO POINTS.

|User A   |Settlement Price   |Points Quantity Traded   |Total Settlement Amount   |Deposit Guarantee |
| ------------ | ------------ | ------------ | ------------ |
|BIO POINTS   |0.1 USDT   |500   |50 USDT   |50 USDT |
|BIO  |0.1 USDT   |500   |50 USDT   |50 USDT |
|Changes |No Change |No Change |No Change |No Change |

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Gate.io Team
December 30th, 2024

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Bio Protocol (BIO): Gate.io Announcement on Confirming BIO POINTS and BIO Tokens Conversion Ratio in Pre-Listing OTC Trading

Bio Protocol (BIO): Gate.io Announcement on Confirming BIO POINTS and BIO Tokens Conversion Ratio in Pre-Listing OTC Trading

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