Gate Announcement on Pre-Listing OTC Trading: Confirmation on Tomarket(TOMA) POINTS and Tomarket(TOMA) Tokens Conversion Ratio

2024-12-13 17:16:44 UTC
29.407 views

Due to the detailed tokenomics disclosed by the Tomarket(TOMA) project, pre-listing OTC trades will undergo a proportional conversion process. Details are as follows:

-Tomarket(TOMA) POINTS total supply: 100,000,000,000
-Tomarket(TOMA) total supply: 1,000,000,000,000
-Conversion ratio: TOMA : TOMA POINTS= 10/1

What is a Pre-Listing OTC Trading Points Order?
1.Pre-Listing OTC Points Orders follow the principle of maintaining total market cap equivalence
TOMA POINTS has a projected issuance of 100,000,000,000, serving as the token credential for pre-listing OTC trades of TOMA. The total supply of TOMA is locked at 1,000,000,000,000, establishing a conversion ratio of 10:1.

2.All completed TOMA POINTS pre-listing OTC trades will be converted to TOMA at the specified ratio
The total order settlement amount will remain consistent.

Example:
User A purchases 500 TOMA POINTS at a price of 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 10:1, the total settlement amount remains 50 USDT, but the token quantity will increase from 500 TOMA POINTS to 5000 TOMA (500 ✖️ 10 = 5,000).
Users can check their post-conversion token quantity in the history of pre-listing OTC transactions for TOMA POINTS.

User A Settlement Price Points Quantity Traded Total Settlement Amount Deposit Guarantee
TOMA POINTS 0.1 USDT 500 50 USDT 50 USDT
TOMA 0.01 5000 50 USDT 50 USDT
Changes TOMA POINTS Price ➗10 TOMA POINTS Quantity ✖️ 10 No Change No Change
**Gateway to Crypto** Trade over 3,100 cryptocurrencies safely, quickly, and easily on Gate

• Visit our Official Website
• Download Gate App / Web now
• Follow us on Gate X (Twitter) to get more bonuses
• Join our Telegram to discuss hot topics
• Join our Global Community to get more updates
• We provide 100% proof of reserve>>>
Sign up to enjoy max. $6666 in rewards exclusively for new users
• Get 40% commission from referrals

Gate Team
December 14th, 2024