Gate Pre-Market Trading: Morpho Points and MORPHO Token Swap Ratio Confirmation Announcement

As the Morpho Labs(MORPHO) Team has announced the Tokenomics, the MORPHO Points in the Pre-Market and PreToken Spot Market will be swapped to the MORPHO Token according to the following rules, which are as follows:

Total supply of MORPHO POINTS: 1,000,000,000
Total supply of MORPHO Tokens: 1,000,000,000
Swap Ratio between MORPHO Token and MORPHO POINTS = 1:1

What is the Pre-Market Trading Points Order?
1.The Pre-Market Trading Points Order follows the core logic that the total market value of tokens shall remain unchanged. Morpho Points are pre-released in quantities of 1,000,000,000 as Token Vouchers for Morpho Labs(MORPHO) Pre-Market Trading, and the Total Supply of Morpho Labs(MORPHO) is confirmed to be 1,000,000,000 so the Swap Ratio is 1:1.

2.All filled MORPHO Points Pre-Market Trading Orders will be swapped to Morpho Labs(MORPHO) Pre-Market Trading Orders at a ratio of 1:1. The total order amount remains unchanged.
For example, if user A sells 5,000 MORPHO Points at 0.01 USDT, the order amount will be 50 USDT and the collateral will be 50 USDT.
The MORPHO Swap Ratio is 1:1, where the order amount remains unchanged at 50 USDT, and the quantity of tokens to be delivered is still 5000 × 1 = 5,000. Users can review the Swapped Tokens in the Pre-Market Trading history of MORPHO Points.

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Gate Team
Nov 18th, 2024