Freedogs (FREEDOG) project party has announced the total amount of tokens, and pre-market trading OTC orders will be proportionally exchanged. Details are as follows:
Freedogs (FREEDOG) Total issuance of points: 100,000,000,000
Freedogs (FREEDOG) Total Token Issuance: 10,000,000,000
Exchange rate: Freedogs (FREEDOG) Token/Freedogs (FREEDOG) points = 1/10
What is a pre-market OTC trading points order?
- The pre-market OTC trading points orders follow the core logic of unchanged total market value of the token. The pre-issue amount of FREEDOG points is 100,000,000,000, serving as the token certificate for FREEDOG pre-market OTC trading. The total issuance of FREEDOG tokens is confirmed to be 10,000,000,000, so the exchange ratio is 1/10.
- All completed FREEDOG points pre-OTC trading orders will be exchanged at a ratio of 1/10 for FREEDOG pre-OTC trading orders. The total order amount remains unchanged. For example, if User A sells 500 FREEDOG points at a price of 0.1 USDT, the transaction amount for that order is 50 USDT, with a collateral margin of 50 USDT. The FREEDOG exchange rate is 1/10, where the order amount remains unchanged at 50 USDT. However, the number of tokens to be delivered in the order changes to 500 × 0.1 = 50 FREEDOG. Users can view the number of exchanged tokens in the trading history of FREEDOG points pre-OTC orders.
| User A |
Transaction Price |
Transaction Quantity |
Transaction Amount |
Collateral Margin |
| FREEDOG Points |
0.1 USDT |
500 |
50 USDT |
50 USDT |
| FREEDOG Token |
1 USDT |
50 |
50 USDT |
50 USDT |
| Change Situation |
FREEDOG Points Price ✖️10 |
FREEDOG Points Quantity ➗ 10 |
Unchanged |
Unchanged |
Gate.io team
April 6, 2025
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