According to the total token supply disclosed by the Autonomys Network (AI3) Project, Pre-Market trades will undergo a proportional conversion process. Details are as follows:
Total Supply of Autonomys Network (AI3) Points: 1,000,000,000
Total Supply of Autonomys Network (AI3) Token: 1,000,000,000
Conversion Ratio: Autonomys Network (AI3) Token / Autonomys Network (AI3) Points = 1/1
Please always pay attention to the delivery schedule and deliver on time. Failure to comply with the delivery schedule may result in the loss of staked assets.
Please note that as of the date of the delivery announcement, this project has not yet been listed on Gate's spot market. Sellers must complete delivery by depositing the corresponding tokens via Onchain Deposit.
Deposit page: https://www.gate.com/myaccount/deposit/AI3
1. What is the Points in Pre-Market?
Token credential, referred to as Points, is issued based on a preset total supply. After the project team releases the tokenomics, minters' minted order amount in points will be converted to tokens based on a point-to-token ratio determined by their respective total supply. The order size will remain unchanged after the conversion. You can check the "Converted Amount" in order details to see the actual delivery amount and prepare for delivery.
2. How to deliver real tokens?
When the project team releases the actual total supply, order amount in Points will be converted to tokens based on a point-to-token ratio determined by their respective total supply. The order size will remain unchanged and the delivery amount will be increased or decreased proportionally.
For example, user A stakes 20 USDT to mint 5,000 Points, the project's preset total supply is 100 billion.
If the project's actual total supply is 1 trillion, Conversion Ratio = Actual Total Supply / Preset Total Supply = 10, and Actual Delivery Amount After Conversion = 5,000 × 10 = 50,000, user A will need to prepare 50,000 real tokens for delivery. If delivery is successful, the 20 USDT staked assets will be returned.
3. How is the Points settled?
After the delivery completes, the system will conduct a settlement for users holding the PreToken based on the snapshots taken. And these users will receive real tokens from delivery and remaining staked assets.
Example:
Delivery Details:
Total Minted: 20,000 Points
Total Staked: 100,000 USDT
Conversion Ratio: 0.1
Total Tokens to be Delivered = Total Minted Points × Conversion Ratio = 2,000 Tokens;
Actual tokens delivered: 1,000 Tokens
Returned staked assets: 50,000 USDT
Remaining staked assets: 50,000 USDT
For example: If user A has 10,000 Points at the time of the snapshot, Settlement Allocation Ratio = Amount in Snapshot / Total Minted = 10,000 / 20,000 = 0.5. User A is expected to receive 500 tokens (0.5 × 1,000) and 25,000 USDT (0.5 × 50,000).
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