Gate Launchpad PUMP Token Sale Full Guide: A Complete Walkthrough from Subscription Eligibility to Token Distribution

On the evening of July 13, the Launchpad section under the global leading cryptocurrency trading platform Gate officially announced the launch of a new project - PUMP Token sale. For users looking to participate in early crypto projects and capture potential opportunities, Gate Launchpad provides a relatively fair and transparent participation channel. This article will detail how to participate in this PUMP Token sale, covering the entire process from qualification preparation to successfully obtaining tokens.

Necessary Preparations Before Subscription

1. Complete Gate account identity verification:
   • This is a mandatory prerequisite for participating in any Gate Launchpad project. Make sure your account has completed the corresponding level of identity verification.
   • Path: Log in to your Gate account → Go to the "Account Management" or "Identity Verification" page → Submit the required information according to the instructions.
2. Prepare USDT funds:
   • This PUMP Token subscription only accepts USDT. Ensure that you have enough USDT available balance in your Gate spot account.
   • Important Reminder: The minimum subscription amount per transaction is 10 USDT. Please ensure that your funds meet this minimum requirement.

Detailed Explanation of Core Rules for Subscription Period

Subscription method

• Users subscribe using USDT and enter the amount they wish to invest (must be ≥ 10 USDT).
• The USDT invested will be locked during the entire subscription period and cannot be traded or withdrawn.

Token allocation mechanism (key)

• The system does not simply distribute according to the proportion of the investment amount, but calculates weights based on hourly snapshots.
• Calculation formula: The number of PUMP Tokens that users ultimately receive = (The average amount of USDT locked by the user per hour / The average total subscription of USDT for the project per hour) * Total distribution of PUMP Tokens.

Core advantages: The earlier you participate, the higher the potential returns!

• Because your USDT starts calculating the "average locked amount" from the moment of investment.
• The earlier you invest, the greater the proportion of your funds in the "average locked amount" throughout the project subscription period, thereby allowing for the allocation of more tokens.
• If you invest just before the end, the average time your funds are accounted for will be short, and the weight proportion will be relatively low.

Token distribution and fund settlement:

• After the subscription ends: The system will accurately calculate the actual amount of PUMP tokens that each user is entitled to based on the allocation formula mentioned above.

Deduction and Refund of Funds:

• The system will deduct the corresponding amount from your locked USDT based on the actual value of the PUMP Token you received (calculated at the subscription price).
• The remaining USDT funds will be automatically unlocked after the distribution is completed and returned to your Gate spot account.
• Special circumstances: If the calculation result shows that the number of PUMP tokens you should receive is less than 0.00000001, the system will be unable to distribute the tokens, and all USDT subscription funds you locked will be fully refunded to your spot account.
• PUMP Token Arrival: For users who have successfully received the distribution of the token, PUMP will be credited to your Gate spot account.

Step-by-step subscription guide

Web

1. Log in to your Gate account.
2. Ensure that identity verification has been completed.
3. Click on the "Finance" option in the top navigation bar or on the page.
4. On the financial management page, find and select the "Launchpad" section.
5. In the Launchpad project list, find the "PUMP" project.
6. Click the "Subscribe Now" button next to the project.
7. After carefully reading the rules in the pop-up window, fill in the amount of USDT you wish to use for the subscription in the input box (ensure it is ≥ 10 USDT).
8. After confirming that all information is correct, click the "Confirm" button to complete the subscription operation. Your USDT will be locked immediately.

APP Mobile

1. Please make sure to upgrade the Gate APP to version 7.10.1 or higher.
2. Log in to your Gate APP account.
3. Ensure that identity verification has been completed.
4. Click on the "Wealth Management" option in the bottom navigation bar or on the page.
5. On the financial management page, find and select the "Launchpad" section.
6. In the Launchpad project list, find the "PUMP" project.
7. Click the "Subscribe Now" button next to the project.
8. On the subscription page, enter the amount of USDT you wish to use for the subscription (ensure it is ≥ 10 USDT).
9. Carefully verify the information and click the "Confirm" button to complete the subscription. Your USDT will be locked immediately.

Important Risk Warning and Participation Guidelines

• High-risk investment: Investing in cryptocurrency assets carries extremely high risks. PUMP, as a newly launched Token, may experience severe price fluctuations, and market liquidity may also be insufficient. The Token price may be significantly lower or higher than the subscription price after the opening.
• Project Due Diligence: Gate Launchpad provides a channel for participation, but does not endorse the project itself. Before investing funds, please be sure to conduct thorough research on the background, team, technology, economic model, and potential risks of the PUMP project. Only invest funds that you can afford to lose.
• Fair Launch Model: This sale adopts a distribution mechanism based on the average value of locked USDT, aiming to provide relatively fair participation opportunities. Understanding the rule that "the earlier you participate, the higher the potential weight" can help in formulating strategies, but it does not guarantee final profits.
• Pay attention to the official announcement: The specific start time, end time, total release volume, final pricing, and other key information about the subscription are subject to the announcement on the Gate official Launchpad page. Be sure to operate within the subscription period.
• Funds Locking: The invested USDT cannot be used until the subscription ends, please plan your funds in advance.

Summary: Key Steps to Seizing Launchpad Opportunities

Participating in the PUMP sale on Gate Launchpad is a process that combines opportunity and risk. It is crucial to clearly understand the rules and be well-prepared:

1. Prepare in advance: complete identity verification and have enough USDT ready.
2. Seize the opportunity: A deep understanding of the "early bird advantage" distribution mechanism and participating early helps to enhance potential allocation weight.
3. Caution: Enter the amount step-by-step and confirm the subscription on the Web or APP (ensure the version is updated).
4. Please be patient: After the subscription ends, wait for the system to calculate the distribution results, and the tokens and remaining USDT will be automatically distributed/refunded.
5. Risk Management: Always prioritize risk awareness, conduct thorough research, and invest rationally.

Gate Launchpad has opened the door for global users to access early-stage cryptocurrency projects. The launch of the PUMP project once again provides such an opportunity. After fully understanding the rules, assessing risks, and completing the necessary preparations, eligible users can attempt to participate in this "launch journey" of new crypto assets according to the guidelines mentioned above. Please keep in mind: the risks of cryptocurrency investments are extremely high, and decisions should be made with caution.