Announcements KernelDao(KERNEL): Gate.io Announcement on Confirming KERNEL POINTS and KERNEL Tokens Conversion Ratio in Pre-Market OTC Trading

KernelDao(KERNEL): Gate.io Announcement on Confirming KERNEL POINTS and KERNEL Tokens Conversion Ratio in Pre-Market OTC Trading

2025-03-05 07:32:13 UTC 2472 Read

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**Note: The Kelp Dao(KEP) Point and Kelp Dao(KEP) Token Trading Name, Trading Symbol  and Ticker have been rebranded to KernelDao(KERNEL) on Gate.io. After Pre-Market OTC Trading is completed, KERNEL will be KernelDao’s Point and Token Trading Symbol on Gate.io. Please pay attention to the trading name, trading symbol, and ticker changes.**

**Due to the total token supply disclosed by the KernelDao(KERNEL) Project, Pre-Market OTC trades will undergo a proportional conversion process. Details are as follows:**
-KernelDao(KERNEL) Point Total supply: 10,000,000,000
-KernelDao(KERNEL) Token Total supply: 1,000,000,000
-Conversion ratio: KernelDao (KERNEL)Token/KernelDao (KERNEL) POINTS= 1/10

**What is a Pre-Market OTC Trading Points Order?**
1. Pre-Market OTC Points Orders follow the principle of maintaining total market cap equivalence
KERNEL POINTS has a projected issuance of 10,000,000,000, serving as the token credential for Pre-Market OTC trades of KERNEL. The Total Supply of KERNEL Token is locked at 1,000,000,000, establishing a conversion ratio of 1:10.
2. All completed KERNEL POINTS Pre-Market OTC trades will be converted to KERNEL Tokens at the specified ratio. The total order settlement amount will remain consistent.
Example:
User A purchases 500 KERNEL 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 1:10, the total settlement amount remains 50 USDT. But the token quantity will decrease to 50 KERNEL Tokens.
Users can check their Post-Conversion token quantity in the history of Pre-Market OTC transactions for KERNEL POINTS.

|User A   |Settlement Price   |Points Quantity Traded   |Total Settlement Amount   | Deposit Guarantee  |
| ------------ | ------------ | ------------ | ------------ | ------------ |
|KERNEL Points   |0.1 USDT   |500   |50 USDT   |50 USDT   |
|KERNEL Token   |1 USDT   |50   |50 USDT   |50 USDT   |
|Changes   |KERNEL POINTS price ✖️10   |KERNEL POINTS quantity ➗ 10   |No change   |No change   |

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Gate.io Team
March 5, 2025

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KernelDao(KERNEL): Gate.io Announcement on Confirming KERNEL POINTS and KERNEL Tokens Conversion Ratio in Pre-Market OTC Trading

KernelDao(KERNEL): Gate.io Announcement on Confirming KERNEL POINTS and KERNEL Tokens Conversion Ratio in Pre-Market OTC Trading

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