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