Gate.io Announcement on Launching the Pre-Market Trading to Blum(BLUM)

Gate.io launched Pre-Market PreToken for Blum(BLUM) :

PreMint Start time: 14:00 PM October 16th, 2024 (UTC)

Pre-market PreToken Spot start time: 00:00 AM October 17th, 2024 (UTC)

Pre-Market PreMint Page: https://www.gate.io/premint

Pre-Market PreToken Trading Page：https://www.gate.io/trade/BLUM_USDT?type=pre

Note:1）The launched Pre-Market Trading is for Blum Points, not the Blum Token.2) Point tokens are the representation tokens of pre-market trading with a preset point max supply. After the official tokenomics is confirmed, the platform will proportionally redeem the number of pre-market trading orders according to the ratio of real token max supply to preset point max supply and order amounts stay no change. Users can check their convertible numbers in their orders to confirm the actual quantities for delivery.3）Please pay attention to the delivery schedule and complete the delivery on time. Failure to comply with the delivery schedule may result in the loss of collateral margin.

About Blum(BLUM):Blum is a hybrid exchange, offering universal token access through gamification within a Telegram mini-app. Blum enables access to CEX and DEX coins in one platform, supports 30 chains and offers additional features, including AI co-pilot, localised P2P trading, simple derivatives, unified CEX and DEX trading.

Official website | Whitepaper(TBA)

Point max supply of Blum(BLUM) : 100BToken max supply of Blum(BLUM): TBD

What is Gate.io Pre-market PreMint?Pre-market PreMint allows investors to lock USDT to mint PreTokens and place orders in the trading market to earn profits in advance.

PreMint Feature Highlights-Take Profits Early: The seller can sell PreToken at their favorable prices in the trading market without waiting and gain profits earlier.-Trade Flexibly: The buyer can buy or sell PreToken at their favorable prices or wait for settlement, allowing for more adaptable trading strategies.

PreMint Feature Rules1.Users can lock USDT through the PreMint entry to mint PreTokens. Once minted, the corresponding PreToken balance will be added to the user’s account.2.The PreToken trading market will open after a specific period once the pre-market project begins trading. Users can trade their minted PreTokens in the PreToken trading market, following the same rules as other trading pairs.3.The PreMint entry and the PreToken trading market will be closed before the project spot market opens. After the market closes, a snapshot of each UID’s PreToken balance is taken and then cleared.4.Users who pre-minted PreTokens need to deposit real tokens before delivery and complete the delivery of pre-minted PreTokens. The system will deduct the project tokens from the account and return the locked USDT to the user’s account if delievery succeeds.5.After settlement, the system will automatically settle PreToken holders based on the snapshot taken before market closure. Users will then receive the real tokens and any penalty collateral from non-settling minting users.