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🚀 #KIMIPreIPOsNowOpen — Gate Pre-IPO Enters Its Third Phase

Gate’s Pre-IPO platform is moving into another important stage, with Moonshot AI, the company behind the Kimi AI assistant, taking the spotlight in the platform’s third Pre-IPO subscription phase.

The KIMI asset certificate gives eligible participants an opportunity to gain exposure to Moonshot AI’s potential future value before a possible public listing — but there is an important distinction: KIMI is not direct equity in Moonshot AI.

🔥 The Numbers Behind KIMI

The subscription reference price is set at approximately $105–$115 per KIMI unit, subject to final pricing, implying a project valuation of around $50 billion.

The offering represents approximately $10 million across 90,000 KIMI units.

Participants can subscribe using USDT or GUSD, with a minimum subscription requirement of 10,000 USDT or 10,000 GUSD, while the maximum allocation is 900 KIMI per user.

The subscription pools are divided into:

🔹 60% — USDT Pool
🔹 40% — GUSD Pool

A 5% underwriting service fee applies to successfully allocated subscriptions.

Another interesting part of the structure is the allocation mechanism. Subscription timing and lock-up duration can influence weighted quotas, meaning participants need to pay attention not only to the price, but also to the mechanics of the subscription itself.

📅 From Subscription to Distribution

The subscription window runs from August 11, 2026, at 07:00 UTC to August 13, 2026, at 07:00 UTC.

KIMI certificates are scheduled for distribution on August 17, 2026, at 07:00 UTC.

Following distribution, the subscribed certificates are unlocked into the dedicated Pre-IPO account for trading.

That creates a clearly defined process:

Subscribe → Allocation → Distribution → Dedicated Pre-IPO Trading

🤖 Why Moonshot AI Is Getting Attention

The bigger story goes beyond the KIMI launch itself.

Moonshot AI’s implied valuation has reportedly increased dramatically, moving from around $10 billion to approximately $50 billion in roughly eight months.

At the same time, its annualized recurring revenue reportedly increased from approximately $100 million in March to $300 million in June.

That combination of rapidly expanding valuation and recurring revenue growth explains why Moonshot AI has become such an interesting name in the global AI landscape.

But this is also where investors need to separate the AI growth story from the financial structure of KIMI.

⚠️ KIMI Is NOT Moonshot AI Stock

This is probably the most important point for anyone considering the opportunity.

KIMI asset certificates are Mirror Notes linked to Moonshot AI’s company value. They are not direct shares of Moonshot AI.

Therefore, KIMI's future value can be influenced by multiple factors, including Moonshot AI’s business performance, market sentiment, secondary-market liquidity, expectations surrounding a potential IPO, and the eventual valuation investors assign to the company.

A $50 billion implied valuation does not automatically mean the certificate will appreciate.

💡 What Should Participants Watch?

Before committing capital, it makes sense to look beyond the headline valuation and understand the complete structure.

Key points include:

📌 Reference Price: $105–$115
📌 Implied Valuation: ~$50B
📌 Offering Size: ~$10M
📌 Total Units: 90,000 KIMI
📌 Minimum Subscription: 10,000 USDT/GUSD
📌 Maximum Allocation: 900 KIMI
📌 Pool Split: 60% USDT / 40% GUSD
📌 Distribution: August 17, 2026
📌 Service Fee: 5% on successful allocation

Pre-IPO opportunities can provide access to companies that are not yet available through traditional public markets, but they also come with additional uncertainty.

There can be questions around IPO timing, liquidity, price discovery, lock-up conditions, secondary-market demand and the eventual relationship between certificate value and the company’s public-market valuation.

That is why understanding the product mechanics is just as important as believing in the underlying AI story.

🌐 The Bigger Picture

KIMI represents another step toward bringing Pre-IPO opportunities into exchange-based financial ecosystems.

As artificial intelligence continues to attract capital and attention globally, companies developing AI models and products are increasingly becoming some of the most closely watched private-market assets.

Moonshot AI’s rapid growth makes this launch particularly interesting, but the smartest approach is to evaluate two things separately:

First — Is Moonshot AI’s growth story compelling?

Second — Does the KIMI certificate structure make sense for your own risk tolerance and investment objectives?

Those are two different questions, and both deserve careful consideration.

For me, the most interesting part of KIMI is not simply the $50 billion valuation headline. It is the combination of AI growth, private-market access and a new financial structure designed to provide exposure before a potential public listing.

The opportunity may be significant, but so are the risks.

Understand the asset. Understand the structure. Understand the risks — then make an informed decision. 🚀

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