Avalon(AVL): Gate.io Announcement on Confirming AVL POINTS and AVL Tokens Conversion Ratio in Pre-Market OTC Trading
Due to the total token supply disclosed by the Avalon(AVL) Project, Pre-Market OTC trades will undergo a proportional conversion process. Details are as follows:
- Avalon(AVL) Point Total Supply: 1,000,000,000
- Avalon(AVL) Token Total Supply: 1,000,000,000
- Conversion ratio: AVL Token: AVL Points = 1:1
What is a Pre-Market OTC Trading Points Order?
- Pre-Market OTC Points Orders follow the principle of maintaining total market cap equivalence.AVL POINTS has a projected issuance of 1,000,000,000, serving as the token credential for Pre-Market OTC trades of AVL. The Total Supply of AVL is locked at 1,000,000,000, establishing a conversion ratio of 1:1.
- All completed AVL POINTS Pre-Market OTC trades will be converted to AVL Tokens at the specified ratio.The total order settlement amount will remain consistent.
Example:
User A purchases 500 AVL POINTS for 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 at 500 AVL Tokens.
Users can check their Post-Conversion token quantity in the history of Pre-Market OTC transactions for AVL POINTS.
| User A | Settlement Price | Points Quantity Traded | Total Settlement Amount | Deposit Gaurantee |
|---|---|---|---|---|
| AVL Points | 0.1 USDT | 500 | 50 USDT | 50 USDT |
| AVL Token | 0.1 USDT | 500 | 50 USDT | 50 USDT |
| Changes | No Change | No Change | No Change | No Change |
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Gate.io Team
February 10, 2025
