KernelDao (KERNEL): Gate.io pre-market OTC trading KernelDao points and KernelDaoToken exchange rate confirmation announcement

**Please note: gate has completed the adjustment of Kelp Dao(KEP) point symbol, trading name, and TokenTicker. After the pre-market OTC trading, the points of Kelp Dao(KEP) and the trading name and trading symbol of the Token on gate will all be changed to KernelDao(KERNEL). Please pay attention to identifying the changed trading name and symbol when Delivery.

KernelDao (KERNEL) The project party has announced the total Token quantity, and pre-market Delivery OTC orders will be exchanged proportionally. Details are as follows: KernelDao (KERNEL) Total points issued: 10,000,000,000 KernelDao (KERNEL) Token Total Supply: 1,000,000,000 Exchange rate: KernelDao (KERNEL)Token/KernelDao (KERNEL) points = 1/10

What is the pre-market OTC trading points order?

1. Pre-market OTC trading points orders follow the core logic of maintaining the total market value of Tokens. The pre-issued quantity of KERNEL points is 10,000,000,000, serving as the Token certificate for pre-market OTC trading of KERNEL. The total issuance of KERNEL Tokens is confirmed to be 1,000,000,000, so the exchange ratio is 1/10.
2. All executed KERNEL points pre-OTC trading orders will be converted to KERNEL pre-OTC trading orders at a ratio of 10/1. The total order amount remains unchanged. For example, user A sells 500 KERNEL points at a price of 0.1 USDT, then the transaction amount of the order is 50 USDT, and the collateral margin is 50 USDT. The KERNEL exchange rate is 1/10, with the order amount remaining unchanged at 50 USDT. The amount of Tokens to be Delivered in the order will be 500 × 0.1 = 50 KERNEL. Users can check the post-exchange Token quantity in the pre-OTC trading history orders of KERNEL points.

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Gate.io 2025年3月5日