#PreIPOsSeason2OpenAISubscription

Gate Pre-IPOs Phase 2: How to Participate in the OpenAI (OPENAI) Pre-IPO and Maximize Your Allocation

Gate officially launches its second phase of Pre-IPOs projects. This time, OpenAI (OPENAI) goes live, giving users the opportunity to get in early with one of the most valuable AI companies in the world before it may list in the future.

Unlike traditional IPOs, the OpenAI asset certificates issued by Gate are “Mirror Notes,” designed to track changes in OpenAI’s market value before and after its IPO. Once OpenAI is officially listed in the future, holders can trade in the Gate Pre-Market according to Gate platform rules, or convert via the platform’s settlement mechanism.

At present, OpenAI’s implied valuation is about $895B. With the success of ChatGPT and continued investments from multiple tech giants, OpenAI remains one of the most closely watched AI companies globally.

OpenAI Pre-IPO Overview

Project: OpenAI (OPENAI)

Implied valuation: $895B

Subscription price: 1 OPENAI = $722

Subscription period:

• 2026-07-15 07:00 (UTC)
• 2026-07-17 07:00 (UTC)

Trading start time:

• 2026-07-20 08:00 (UTC)

Supported subscription assets:

• USDT
• GUSD

Minimum subscription amount:

• $100 USDT or $100 GUSD

Max allocation per user:

• 277 OPENAI

Gate allocates subscription capacity as: 70% from the USDT pool, 30% from the GUSD pool.

What Are OpenAI Asset Certificates?

The OPENAI provided by Gate is not actual stock of OpenAI.

It is a Mirror Notes asset certificate—an instrument used to track the market value of OpenAI common stock before and after its future IPO. After OpenAI is officially listed, Gate plans to provide an exit mechanism for holders, such as converting to tokenized stock in supported regions, or settling to USDT based on the stock market price, but the specifics still need to follow platform rules and applicable regulations.

Vesting schedule

| Distribution date | Unlock ratio |
| --------------- | ---- |
| 2026-07-17 | 25% |
| 2026-08-17 | 35% |
| 2026-09-17 | 40% |

Unused subscription funds will be automatically refunded after the allocation is completed.

How to participate

Step 1: Prepare funds

Choose any one of the following assets:

• USDT
• GUSD

If you use GUSD, you can also earn a 3.8% annualized minting yield during the holding period.

Step 2: Enter Gate Pre-IPOs

Open:

Home → Earn → Launch → Pre-IPOs

Select OpenAI (OPENAI).

Step 3: Subscribe as early as possible

Enter the amount you want to subscribe with.

The minimum subscription amount is:

• $100 USDT
• $100 GUSD

During the subscription period, funds remain locked.

Step 4: Wait for allocation

Gate will calculate your allocation based on the average locked amount per hour during the entire 48-hour subscription period.

The earlier you participate, the higher the average locked amount, and therefore the higher the allocation weight you receive.

Step 5: Claim your assets

The first 25% of the allocation will be unlocked on July 17, and the remaining portion will be released gradually over the following two months.

How is the allocation calculated?

Gate does not allocate purely based on the size of your subscription amount.

Your actual allocation depends on the average locked amount during the entire subscription period.

For example:

• User A locks $100,000 in the first hour after the event begins and keeps it locked for 48 hours, so the average locked amount is $100,000.
• User B deposits the same amount only halfway through the event, so the average locked amount is only $50,000.
• User C joins only in the last hour, so the average locked amount is about $2,083.

Although all three users subscribe the same total amount, earlier participants receive a higher allocation weight.

How to maximize your allocation

1. Subscribe immediately after the activity starts

This is the most important strategy.

Because Gate uses an hourly average locked-amount calculation, for each additional hour you wait, your allocation weight will drop.

2. Don’t wait until the last day

The later you participate, the lower the average locked amount becomes, and you’ll have fewer chances to obtain more OPENAI Mirror Notes asset certificates.

3. Consider using GUSD

In addition to participating in the subscription, GUSD users can also receive:

• 3.8% annualized minting yield
• Daily rewards distribution
• Flexible redemption (may incur related fees)

4. Aim to get GT rewards

Gate offers extra rewards:

• Users whose successful subscription amount exceeds $10,000 can get 1 GT.
• Users with smaller subscription amounts can share a 2,000 GT pool.

5. Watch the three-phase unlocking

Only 25% unlocks first.

If you plan to sell immediately after trading opens, arrange your funds in advance.

6. Keep an eye on Pre-Market

Pre-market trading opens on July 20.

If market demand is strong, some users may choose to sell unlocked asset certificates rather than waiting for a future IPO.

7. Understand the related risks

Although OpenAI is one of the world’s leading AI companies, this investment still carries a relatively high level of uncertainty.

Key risks include:

• No confirmed IPO timing yet
• The company’s valuation may change
• Limited liquidity
• Changes in the company’s operating performance
• Corporate actions such as mergers and acquisitions, share issuances, etc.
• In unfavorable scenarios, you may lose part or all of your investment funds

Summary

Gate’s OpenAI Pre-IPO gives crypto users a way to participate early in one of the world’s most influential AI companies, tracking the value changes of OpenAI before and after future IPOs through Mirror Notes. Since allocations are calculated using an hourly average locked-amount mechanism, the earlier you participate, the better your chances of receiving a higher allocation weight. At the same time, users should understand that these asset certificates do not represent OpenAI’s actual equity, and their value and future liquidity remain highly uncertain.

Disclaimer: This article is for information-sharing and learning purposes only and does not constitute any financial, investment, or legal advice. Gate’s OpenAI asset certificates belong to Mirror Notes and do not represent actual equity of OpenAI. Participating in Pre-IPO products involves high risk, including the possibility of losing part or all of your invested principal. Before participating, please do your own research and carefully read the platform’s relevant terms and risk disclosures.