Freedogs (FREEDOG): gate pre-market OTC trading FREEDOG points and FREEDOG Token exchange rate confirmation announcement

GateAnnouncement · 2025-04-06T07:33:21+00:00

The Freedogs (FREEDOG) project party announced the total amount of tokens, and the pre-market trading OTC orders will be exchanged at a ratio: total FREEDOG points of 100 million, total token amount of 100 million, exchange ratio 1:10. The pre-market OTC trading point orders, based on the unchanged total market capitalization, will be exchanged for token orders at a ratio of 1:10. The amount of completed orders remains unchanged, but the number of tokens varies. Gate.io offers a variety of Crypto Assets trading, and signing up now can earn new user rewards.

GateAnnouncement

2025-04-06 07:33:21

Abstract generation in progress

Freedogs (FREEDOG) project party has announced the total amount of tokens, and pre-market trading OTC orders will undergo proportional exchange. Details are as follows: Freedogs (FREEDOG) Total points issued: 100,000,000,000 Freedogs (FREEDOG) Token total issuance: 10,000,000,000 Exchange rate: Freedogs (FREEDOG) Token/Freedogs (FREEDOG) points = 1/10

What is a pre-market OTC trading points order?

The pre-market OTC trading points order follows the core logic of maintaining the total market value of the token unchanged. The pre-issue amount of FREEDOG points is 100,000,000,000, serving as the token certificate for FREEDOG pre-market OTC trading. The total issuance of FREEDOG tokens is confirmed to be 10,000,000,000, so the exchange ratio is 1/10.
All completed FREEDOG points pre-OTC trading orders will be exchanged for FREEDOG pre-OTC trading orders at a ratio of 1/10. The total order amount remains unchanged. For example, if user A sells 500 FREEDOG points at a price of 0.1 USDT, the transaction amount for that order is 50 USDT, with a collateral margin of 50 USDT. The FREEDOG exchange ratio is 1/10, where the order amount remains unchanged at 50 USDT. However, the number of tokens to be delivered in the order changes to 500 × 0.1 = 50 FREEDOG. Users can check the exchanged token quantity in the history of FREEDOG points pre-OTC trading orders.

User A	Transaction Price	Transaction Quantity	Transaction Amount	Collateral Margin
FREEDOG Points	0.1 USDT	500	50 USDT	50 USDT
FREEDOG Token	1 USDT	50	50 USDT	50 USDT
Change Situation	FREEDOG Points Price ✖️10	FREEDOG Points Quantity ➗ 10	Unchanged	Unchanged

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