Gate Announcement on Initiating Swell(SWELL) Pre-Market Settlement and PreToken Distribution

PreMint end time: 00:00am 6th November 2024 (UTC)
Premarket trading end time: 12:00pm 6th November 2024 (UTC)
Delivery start time: 12:00pm 7th November 2024 (UTC)
Delivery end time: 15:30pm 7th November 2024 (UTC)

Attention:
1.After the minting portal is closed, users cannot stake USDT to mint PreToken and cannot use the cancel staking function;
2.After the Swell(SWELL) Premarket closure, the system will take a snapshot of users’ SCR PreToken holdings and clear the SWELL PreToken balances.
3.Users participating in PreToken minting should ensure that you hold sufficient SWELL tokens in your accounts within the delivery time. The corresponding amount of tokens will be deducted automatically from the accounts within the delivery time and the staked amount will be returned to your accounts.
4.After the settlement, we will settle the accounts for users who held SWELL PreTokens at the time of the snapshot (The settlement is expected to be completed within 1 hour, but please refer to the actual timing). Once settled, you will receive the real SWELL from the settlement, as well as the locked USDT from users who failed to complete the settlement on time.

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Gate Team
Nov 5th, 2024