Announcements BIO Protocol (BIO) : Gate.io Completion of Pre-Market Trading Settlement Results

BIO Protocol (BIO) : Gate.io Completion of Pre-Market Trading Settlement Results

2025-01-05 04:14:24 UTC 8826 Read

BIO/USDT -5.19%

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Gate.io completed the BIO PreToken minting order settlement on January 3rd 2025 at 14:00 (UTC), and the actual BIO distribution & stake asset settlement was finalized on January 3rd 2025 at 14:30 (UTC).
2,004,298.21 Real BIO tokens have been distributed to users holding BIO Pretoken at the time of the snapshot, as well as 27,479.744122 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 BIOrliquid (BIO) Pre-Market Settlement:**
BIO Point Minted in Total: 2,019,903.71
BIO Minted in Total (1/1 ratio): 2,019,903.71 BIO
BIO Staked USDT Amount in Total: 3,677,211.774384 USDT
BIO Delivered by Minting Users in Total: 2,004,298.21 BIO
Returned Staking Deposits in USDT in Total: 3,649,732.030262 USDT
Remaining Defaulted Staking Assets in USDT in Total: 27,479.744122 USDT

Example:
If User A held 1,000 BIO (POINTS) at the snapshot, the distribution ratio for User A would be calculated as follows:
Distribution Ratio = BIO Snapshot Amount / Total BIO Minted（POINTS） = 1,000/2,019,903.71
The amount of BIO User A is expected to receive is:
BIO Amount = Distribution Ratio × Total BIO Delivered = (1,000/2,019,903.71)×2,004,298.21 = 992.27 BIO
The amount of USDT User A is expected to receive is:
USDT Amount = Distribution Ratio × Defaulted Staked Assets =(1,000/2,019,903.71)×27,479.744122 = 13.6044 USDT

For guides and FAQs on Gate.io PreMint participation, please visit: <a href="https://www.gate.io/help/pre-market-trading/pre-market/39269" target="_blank" title="">https://www.gate.io/help/pre-market-trading/pre-market/39269</a>

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Gate.io Team
January 5th, 2025

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