Bitget pre-market trade mapping: DOGS POINTS (DOGSPOINTS) orders to be mapped to DOGS (DOGS) orders

We're excited to announce that we will commence the mapping of DOGS POINTS (DOGSPOINTS) pre-market orders to DOGS (DOGS) orders. This change follows the DOGS (DOGS) project team’s announcement of the tokenomics and total supply.

DOGS POINTS (DOGSPOINTS) total supply: 100 billion

DOGS (DOGS) total supply: 550 billion

Mapping ratio: DOGSPOINTS : DOGS = 1:5.5

DOGS POINTS (DOGSPOINTS) pre-market trading end time: August 16, 2024, 5:00 PM (UTC+8)

Pre-market order mapping period: August 16, 2024, 5:00 PM – 6:00 PM (UTC+8)

DOGS (DOGS) pre-market trading start time: August 16, 2024, 6:00 PM (UTC+8)

DOGS (DOGS) pre-market trading end time: August 26, 2024, 7:30 PM (UTC+8)

DOGS (DOGS) pre-market delivery time: August 26, 2024, 24:00 PM (UTC+8)

What is pre-market trading mapping?

1. The mapping does not change the market cap of a token. Initially, 100 billion DOGSPOINTS were issued by Bitget as stand-in tokens for DOGS pre-market trading. Now that the total supply of DOGS (DOGS) is confirmed to be 550 billion, the mapping ratio is set at 1:5.5.

2. All filled pre-market trading orders for DOGS POINTS (DOGSPOINTS) will be mapped at a 1:5.5 ratio to DOGS (DOGS) pre-market orders. The order amount and the security deposit will remain unchanged.

3. DOGS POINTS (DOGSPOINTS) pre-market orders will be converted into DOGS (DOGS) pre-market orders and delivered along with DOGS (DOGS) pre-market orders.

4. After the pre-market trading of DOGS POINTS (DOGSPOINTS) ends, any open orders will be canceled.

5. No action is needed on your part, as the system will automatically handle the mapping process. In reference to the mapping ratio of 1:5.5, please check the quantities of your orders after the mapping.

How are DOGS POINTS mapped after the TGE of DOGS?

After DOGS officially launches its tokens, Bitget will convert DOGS POINTS to DOGS for pre-market delivery based on the actual tokenomics. The order amount filled by users in pre-market trading will remain unchanged, but the quantity and price of the coins will be mapped accordingly.

For example, User A sells 5000 DOGS POINTS at 0.44 USDT. The order has been filled with a total value of 2200 USDT, and a security deposit of 2200 USDT has been frozen.

The 1:5.5 mapping ratio of DOGS does not affect the order value and the security deposit, both of which remain at 2200 USDT. The token delivery quantity will be increased to 5000 × 5.5 = 27,500 DOGS, and the token price will be mapped to 0.44 ÷ 5.5 = 0.08 USDT. You can view the original orders in the order history of DOGS POINTS (DOGSPOINTS) pre-market trading. Mapped orders can be found in the order history of DOGS (DOGS) pre-market trading.

*Note that User A (the seller) must ensure they have an available balance of at least 27,500 DOGS in their spot account before the DOGS (DOGS) pre-market delivery. Otherwise, the delivery will fail, and they will be deemed in default.

Example

Disclaimer

Cryptocurrencies are subject to high market risk and volatility, despite their high growth potential. Users are strongly advised to conduct their own research and invest at their own discretion. Thank you for supporting Bitget.