Gate Pre-IPOs Phase 2 Opens Access to OpenAI as Tokenized Markets Reach Top-Tier Assets

Capital markets just got a new on-ramp. Gate’s Pre-IPOs Phase 2 is moving beyond private aerospace and into artificial intelligence, with subscription access to OpenAI set to open soon. After Phase 1 delivered exposure to SpaceX through tokenized instruments, the platform is extending the same structure to one of the most discussed technology firms globally, giving qualified participants a path to early-stage exposure without traditional barriers.

How the subscription is structured
Phase 2 supports dual-currency subscriptions in $SPCX and $SPCXG , with a total allocation of 27,700 $SPCXX at a fixed subscription price quoted in $GUSD . The subscription window begins at 15:00 UTC+8. The design mirrors Phase 1: tokenized units represent economic exposure to pre-IPO equity, managed within a compliant framework, and settled on-chain for transparency. Participants can track allocations, vesting, and secondary market eligibility through the platform dashboard.

Dual incentives built into the raise
Subscribers receive two yield layers. First, $GT airdrop rewards are distributed to qualifying accounts, adding token upside alongside the core allocation. Second, $GUSD used in the subscription captures a 3.8% minting yield, allowing capital to earn while it is committed. VIP5+ users and super agents receive additional free airdrops, further improving effective entry terms for active ecosystem members.

Why this matters for allocators
Pre-IPO access has historically been limited to institutions and insiders. Tokenization changes the mechanics: smaller tickets, transparent cap tables, and programmable compliance. For portfolios, it means AI exposure can be added without waiting for a public listing, and positions can be managed with on-chain tools from day one. The dual-currency option also lets users choose between $SPCX and $SPCXG based on treasury preference, while $GUSD pricing keeps accounting simple.

Risk framework and diligence
Tokenized pre-IPO units are not direct shares. They carry issuer risk, liquidity risk, and regulatory risk tied to the wrapper structure. Vesting schedules, transfer restrictions, and valuation updates are defined in the offering terms. Qualified participants should review the issuer disclosures, understand lockups, and size positions accordingly. The value of $SPCXX will track the underlying asset but can diverge based on demand, fees, and market structure.

Phase 1 proved demand for top-tier private assets in token form. Phase 2 brings that model to artificial intelligence, one of the most capital-intensive and closely watched sectors. For investors seeking early access with built-in yield, the subscription presents a structured entry point backed by a live secondary ecosystem.

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