Gate has completed subscriptions for the second project in its Pre-IPOs section, OpenAI (OPENAI), according to the platform’s official page. User demand rose through the offering period, pushing cumulative subscriptions past $260 million and taking the subscription ratio above 1300%.
The OpenAI offering carried a total subscription value of about $20 million and issued 27,700 OPENAI asset certificates. Users could subscribe with either USDT or GUSD at a set price of $722 per OPENAI, with no implicit handling fees or custody charges listed for the sale.
Gate said allocations were calculated using the "hourly average locked amount" method. Under that mechanism, earlier participation and longer lock-up periods carried higher weighting in the final distribution.
The first unlock for OPENAI asset certificates is scheduled for July 17 at 19:00 UTC+8. At the same time, the platform will distribute successfully subscribed assets and return funds from unsuccessful subscriptions. Gate also said pre-market trading in the Pre-IPOs section will open on July 20 at 16:00 UTC+8.
The platform added several incentives for this round, including a 1 GT reward for users with successful subscriptions above $10,000, a shared 2,000 GT pool for users subscribing below 10,000 USDT, exclusive airdrops for eligible VIP users and super agents, and a 3.8% annualized minting yield for users subscribing with GUSD.
Gate has completed subscriptions for OpenAI (OPENAI), the second project listed in its Pre-IPOs section, according to the platform’s official page.
User participation increased during the subscription window, with cumulative subscriptions exceeding $260 million. The subscription ratio topped 1300%.
The OpenAI offering had a total subscription value of about $20 million. A total of 27,700 OPENAI asset certificates were issued, and users could participate with either USDT or GUSD. The subscription price was set at $722 for 1 OPENAI, with no implicit fees or custody fees charged.
Gate said it used the “hourly average locked amount” as the basis for allocating asset certificates. Users who joined earlier and kept funds locked for longer received higher allocation weight.
The first unlock for OPENAI asset certificates is scheduled for July 17 at 19:00 UTC+8. At that time, the platform will also distribute assets for successful subscriptions and return funds for unsuccessful ones. Pre-market trading in the Pre-IPOs section is set to open on July 20 at 16:00 UTC+8.
Gate also said incentives tied to this subscription round will be distributed in stages. Users with successful subscriptions above $10,000 will receive 1 GT. Users subscribing less than 10,000 USDT will share a 2,000 GT reward pool. Eligible VIP users and super agents can join an exclusive airdrop event. Users who subscribed with GUSD can also receive a 3.8% annualized minting yield.
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