According to a TechFlow report dated June 13 and citing 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 SPCX shares credited to their stock accounts. Any unallocated portion, together with remaining subscription funds, has been automatically returned to users’ spot accounts. With the distribution process completed, SPCX will next enter the market trading stage in line with the U.S. IPO listing process.
Subscriber-only benefits launched alongside SPCX distribution
At the same time, Gate has introduced an exclusive benefits campaign for users who subscribed to SpaceX (SPCX). Under the campaign, eligible users who participate in designated USDT Yu Bi Bao products can receive annualized yields of up to 200%. Users holding USD1 can also receive additional yield rewards. The benefits are tied to the SPCX subscription group and cover both yield-based incentives and holding-related rewards.
Gate has also launched a limited-time “SPCX Stock Launch Plan.” During the campaign period, users who take part 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 specified trading volume requirements and participate in the leaderboard competition can also share a prize pool totaling 50,000 USDT worth of SPCX shares. The campaign is organized around SPCX holding displays, stock trading activity, and trading-volume rankings.
Gate Stock expands to both App and Web
In addition to the SPCX distribution and subscriber benefits, Gate Stock has launched its Web-based stock trading interface, completing coverage across both App and Web channels. Gate Stock supports trading of more than 10,000 stocks and ETFs from major U.S. markets using USDT. The supported markets include major U.S. securities venues such as the New York Stock Exchange and Nasdaq. The service also supports fractional share trading with a minimum purchase size of 0.01 share.
Gate said that, with the rollout of Direct IPO, it is gradually improving a product ecosystem that covers Pre-IPO, IPO, and stock trading. Based on the announcement, Gate Stock is building around access to U.S. new-share listing processes, stock trading channels, and global investment needs, offering users a more convenient one-stop global investment experience.