According to a TechFlow report on June 13 citing an official Gate announcement, Gate has completed the stock distribution for SpaceX (SPCX), the first project under its Direct IPO initiative. Users who participated in the subscription can now check their stock accounts to view the credited SPCX stock assets. Any unallocated portion, together with remaining subscription funds, has been automatically returned to users’ spot accounts.
SPCX Shares Credited After Direct IPO Distribution
The completed distribution marks the next step for Gate’s first Direct IPO project, SpaceX (SPCX). Gate stated that users do not need to take additional action for funds that were not allocated, as the remaining subscription amount has already been returned automatically to their spot accounts. With the stock distribution completed, SPCX will proceed into the market trading stage in accordance with the listing process for new U.S. stocks.
Subscriber Benefits and the SPCX Stock Launch Plan
Alongside the completion of distribution, Gate has introduced exclusive benefits for users who subscribed to SpaceX (SPCX). Participants in designated USDT Earn products can receive up to 200% annualized yield, while users holding USD1 can also receive additional yield rewards. Gate has also launched a limited-time “SPCX Stock Launch Plan,” with rewards linked to stock trading, position sharing and trading-volume competitions.
During the campaign period, users who participate in stock trading can claim a first-order reward. Users who share their SPCX holdings have a chance to receive stock airdrops. Those who complete designated trading volume requirements and join the leaderboard competition can also share a total prize pool of SPCX shares worth 50,000 USDT. The activities are aimed at SpaceX (SPCX) subscribers and users participating in Gate’s stock trading services.
Gate also announced that Gate Stocks has launched a Web trading interface, expanding coverage across both App and Web. Gate Stocks supports USDT-based trading for more than 10,000 U.S. mainstream market stocks and ETFs, covering major U.S. securities markets including the New York Stock Exchange and Nasdaq. The service also supports fractional share trading with a minimum purchase size of 0.01 share. With the launch of Direct IPO, Gate is continuing to build out a product ecosystem covering Pre-IPO, IPO and stock trading, offering users a more convenient one-stop global investment experience.