Gate Pre-IPOs Phase 2 OpenAI (OPENAI) Subscription Concludes, Total Subscription Amount Surpasses $260 Million

According to the official page, the subscription for Gate Pre-IPOs Phase 2 project OpenAI (OPENAI) has been completed. During the subscription period, user participation remained consistently high, with the total subscription amount exceeding $260 million and an oversubscription rate of over 1300%.

The total value of this OpenAI (OPENAI) subscription offering is approximately $20 million, issuing a total of 27,700 OPENAI asset vouchers. Subscriptions were supported in both USDT and GUSD, with a subscription price of 1 OPENAI = $722. Implicit handling fees and custody charges were waived. The platform utilized an "average hourly locked amount" mechanism to determine asset voucher allocation. The earlier users participated and the longer they locked their assets, the higher their allocation weight.

The first unlocking of OPENAI asset vouchers will occur on July 17, 2024, at 19:00 (UTC+8). Concurrently, successful subscription assets will be distributed, and unsuccessful subscription funds will be returned. Pre-IPO pre-market trading for this project will open on July 20, 2024, at 16:00 (UTC+8).

Furthermore, the multiple benefits offered by Gate for this subscription round will also be distributed sequentially. Users with successful subscription amounts exceeding $10,000 will receive a 1 GT reward. Users with subscription amounts below 10,000 USDT will collectively share a 2,000 GT prize pool. Eligible VIP users and super affiliates can participate in exclusive airdrop events. Additionally, users subscribing using GUSD can enjoy a 3.8% annualized minting yield.