Gate.io Announcement on Pre-Listing OTC Trading: Confirmation on HYPE POINTS and HYPE Tokens Conversion Ratio

Due to the detailed tokenomics disclosed by the Hyperliquid (HYPE) project, pre-listing OTC trades will undergo a proportional conversion process. Details are as follows:

-HYPE POINTS total supply: 100,000,000,000-HYPE total supply: 1,000,000,000-Conversion ratio: HYPE : HYPE POINTS = 1 : 100

What is a Pre-Listing OTC Trading Points Order?1.Pre-Listing OTC Points Orders follow the principle of maintaining total market cap equivalenceHYPE POINTS has a projected issuance of 100 billion, serving as the token credential for pre-listing OTC trades of HYPE. The total supply of HYPE is locked at 1 billion, establishing a conversion ratio of 1:100.

2.All completed HYPE POINTS pre-listing OTC trades will be converted to HYPE at the specified ratioThe total order settlement amount will remain consistent.

Example:User A purchases 5,000 HYPE POINTS at a price of 0.01 USDT per point. The total order amount is 50 USDT, with a deposit guarantee of 50 USDT.After the conversion at the ratio of 1:100, the total settlement amount remains 50 USDT, but the token quantity will reduce from 5,000 HYPE POINTS to 50 HYPE (5,000 ÷ 100 = 50).Users can check their post-conversion token quantity in the history of pre-listing OTC transactions for HYPE POINTS.

| User A | Settlement Price | Points Quantity Traded |Total Settlement Amount |Deposit Guarantee| ------------ | ------------ | ------------ | ------------ ||HYPE POINTS |0.01 USDT | 5000 | 50 USDT |50 USDT| HYPE | 1 USDT | 50 | 50 USDT |50 USDT| Changes | HYPE POINTS Price ✖️ 100 | HYPE POINTS Quantity ➗ 100 | No Change |No Change