The GoWithMi (GMAT) trading and withdrawal services will be enabled at UTC4:00, May 25th (Saturday).
Deposit GMAT at:
https://www.gate.io/myaccount/deposit/GMAT
Trade GMAT at:
https://www.gate.io/trade/GMAT_USDT
To decrease volatility during the initial trading stage, we will apply the Call Auction Mechanism. The rules are as follows:
1) During the call auction, traders can place orders freely, but the orders will not be active immediately. The real-time reference trading price will be presented and calculated based on the Call-order price from the largest amount of trades created. During this period, the order book and the candlestick chart will also show the information about the related price range and the market movement based on the real-time reference (please note that the presented price is not the real trading price).
2) During UTC 4:00–7:00 (3 hours in total), which is the first stage of call auction, traders are allowed to place orders and cancel orders freely.
3) During UTC 7:00–8:00 (1 hour in total), which is the second stage of call auction, orders can be placed freely by the traders, but orders cancellation are prohibited.
4) When the call auction is finished, users will not be able to place or cancel any orders. From UTC 8:00–8:30 (30 minutes in total), the sys. will collect all the data and match the orders. Buy orders with prices higher than the reference price and sell orders with prices lower than the reference price will be matched and e xecuted (a portion of the orders with a higher routed price may not be matched). The remaining orders will go to the order book of the next trading stage automatically.
5) After the call auction data collection, the will enable trading activities.
Attention: The GMAT Startup price is 1 GMAT= 0.0010067 USDT. With the Call Auction Mechanism, the market price will still be volatile and could see pullbacks from its high opening price. Please refer to the previous announcement for the detailed rules of the call auction, and place your investment cautiously.
We sincerely appreciate your continuous support. Stay tuned for more innovative products from Gate.io!
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May 23, 2019
