Bitget IPO Prime Phase 2 - OpenAI Subscription Opens on May 12

Odaily Planet Daily News According to an official announcement, the second phase asset of Bitget IPO Prime is preOPAI, a digital token issued on the Solana blockchain by the regulated issuer Republic, designed to mirror the economic performance of OpenAI after its public listing on a 1:1 basis. As a leading global consumer-grade AI provider, OpenAI's official data shows approximately 900 million weekly active users. Its latest funding round reached $122 billion, with participating institutions including Microsoft, NVIDIA, Amazon, and SoftBank.

Bitget IPO Prime adopts a subscription model, where users can obtain corresponding subscription quotas based on their account level. After the token distribution is completed, users can trade on the upcoming spot market; alternatively, after the lock-up period of the preOPAI underlying debt assets ends, the issuer will entrust Bitget to refer to the market price of the target company's stock, allowing users to exchange their tokens for stock tokens or USDT.

IPO Prime Details:

• OpenAI Implied Valuation: $898.21 Billion

• Total IPO Prime Subscription Supply: 29,082

• Total Subscription Value: $21,084,450

• Subscription Price: 1 preOPAI = $725

• Contribution Asset: USDT or USDGO

• Total Contribution Pool Cap: $300,000,000

• Individual Contribution Range: $100 - $600,000

• Contribution Period: May 12, 16:00 to May 15, 16:00 (UTC+8)

• Allocation Period: May 15, 16:00 to 20:00 (UTC+8)

• Spot Trading Opening: May 15, 22:00 (UTC+8)

• Distribution Schedule: 30% released on May 15, 30% released on June 15, 40% released on July 15