According to an official announcement, Gate has completed the stock distribution for SpaceX (SPCX), the first project under its Direct IPO program. Users who participated in the subscription can now check the credited SPCX stock assets in their stock accounts. Any unallocated portion, together with remaining subscription funds, has been automatically returned to users’ spot accounts. With the stock distribution completed, SPCX will next move into the market trading stage in accordance with the listing process for new U.S. stocks.
Exclusive benefits for SPCX subscription users
Alongside the completion of the 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. The campaign is designed around the users who took part in the SPCX subscription and extends the post-subscription benefits available on the platform.
Gate has also launched a limited-time campaign named the “SPCX Stock Launch Plan.” During the campaign period, users who participate in stock trading can claim a first-order reward. Users who share their SPCX holdings will have a chance to receive stock airdrops. Those who complete designated trading volumes and join the ranking competition can also share a total reward pool of SPCX stocks equivalent to 50,000 USDT.
Gate Stocks expands to both App and Web
Gate Stocks has also launched its stock trading Web interface, completing coverage across both the App and Web terminals. According to the announcement, Gate Stocks allows users to trade more than 10,000 U.S. mainstream market stocks and ETFs with USDT. The supported markets include major U.S. securities exchanges such as the New York Stock Exchange and Nasdaq.
The service also supports fractional stock trading, with purchases starting from a minimum of 0.01 share. Gate said that, with the launch of Direct IPO, it is gradually improving a product ecosystem that covers Pre-IPO, IPO and stock trading, aiming to provide users with a more convenient one-stop global investment experience. The completion of the SpaceX (SPCX) stock distribution marks the next stage for Gate’s first Direct IPO project after allocation.