Announcements Solayer(LAYER): Gate.io Announcement on Confirming LAYER POINTS and LAYER Tokens Conversion Ratio in Pre-Market OTC Trading

Solayer(LAYER): Gate.io Announcement on Confirming LAYER POINTS and LAYER Tokens Conversion Ratio in Pre-Market OTC Trading

2025-01-21 05:31:21 UTC 8536 Read

LAYER/USDT + 0.43%

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**Note: The Solayer Point and Solayer Token Trading Symbol have been rebranded to LAYER on Gate. After Pre-Market OTC Trading is suspended , LAYER will be Solayer’s Point and Token Trading Symbol on Gate.**

**Due to the total token supply disclosed by the Solayer(LAYER) Project, Pre-Market OTC trades will undergo a proportional conversion process. Details are as follows:**
\-Solayer(LAYER) Point Total supply: 1,000,000,000
\-Solayer(LAYER) Token Total supply: 1,000,000,000
\-Conversion ratio: LAYER Points: LAYER Tokens= 1/1

**What is a Pre-Market OTC Trading Points Order?**

1.Pre-Market OTC Points Orders follow the principle of maintaining total market cap equivalence
LAYER POINTS has a projected issuance of 1,000,000,000, serving as the token credential for Pre-Market OTC trades of LAYER. The Total Supply of LAYER is locked at 1,000,000,000, establishing a conversion ratio of 1:1.
2.All completed LAYER POINTS Pre-Market OTC trades will be converted to LAYER Tokens at the specified ratio
The total order settlement amount will remain consistent.

Example:
User A purchases 500 LAYER POINTS for 0.1 USDT per point. The total order amount is 50 USDT, with a deposit guarantee of 50 USDT.
After the conversion at the ratio of 1:1, the total settlement amount remains 50 USDT. Also, the token quantity will remain at 500 LAYER Tokens.
Users can check their Post-Conversion token quantity in the history of Pre-Market OTC transactions for LAYER POINTS.

| User A       | Settlement Price | Points Quantity Traded | Total Settlement Amount | Deposit Guarantee |
| ------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| LAYER POINTS | 0.1 USDT         | 500                   | 50 USDT                | 50 USDT          |
| LAYER Token  | 0.1 USDT         | 500                   | 50 USDT                | 50 USDT          |
| Changes      | No Change        | No Change              | No Change               | No Change         |

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Gate.io Team
January 21th, 2025

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Solayer(LAYER): Gate.io Announcement on Confirming LAYER POINTS and LAYER Tokens Conversion Ratio in Pre-Market OTC Trading

Solayer(LAYER): Gate.io Announcement on Confirming LAYER POINTS and LAYER Tokens Conversion Ratio in Pre-Market OTC Trading

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