#PreIPOs第二期OpenAI认购 After the successful completion of the first SpaceX Pre-IPO, Gate will officially open the second Pre-IPO round at 15:00 on July 15—OpenAI (OPENAI) subscriptions. The total subscription value for this round is about $20 million. It will issue 27,700 OPENAI asset certificates at $722 per unit. Users can participate in either USDT or GUSD. The minimum initial investment is $100.

This is not only a continuation of the project, but also a deeper validation of Gate’s Pre-IPO model. In the total subscription amount, 70% is allocated to the USDT pool (19,390 certificates), and 30% to the GUSD pool (8,310 certificates). Allocation uses an “average locked amount per hour” mechanism: the earlier you participate, the longer your lock-up period, and the higher your weighting—aimed at incentivizing early commitment rather than coming in at the last minute. The certificates will be unlocked in three tranches: 25% on July 17, 35% on August 17, and the remaining 40% on September 17; pre-market trading will open at 16:00 on July 20.

The value of OpenAI needs no elaboration. Driven by products such as ChatGPT that have pushed forward generative AI, it has already received investment from major players including Microsoft. The market implies a valuation of about $895 billion. Through a compliant shadow note structure, Gate brings this top AI unicorn’s Pre-IPO opportunity to everyday users—breaking the threshold that was originally limited to institutions or private capital.

But high returns come with high risk. OpenAI is still a private company, and the IPO timeline is uncertain. Asset certificates are essentially mirrored notes, their value closely tied to OpenAI’s listing progress. If the IPO is delayed or the valuation falls short of expectations, the certificate value will come under pressure.

Gate is using the Pre-IPO model to redefine the “democratization of quality assets”—SpaceX was the pilot test, and OpenAI is the upgrade. When pre-listing shares of top-tier AI unicorns are made accessible to ordinary users through crypto platforms, the “institutional privilege wall” of traditional finance is being cracked open.