Gate's rules of participant in IEO

[shadow.bishop]

Gate has published updated rules of participation in IEOs:
1. To participate in Startup Sale, users will need to be VIP (VIP1 and above).
2. The individual purchase limit will be calculated based on the average holdings of GT 14 days prior to the sale. Participants can have a higher purchase limit with more GT holdings.
3. Projects are required to lock-up a certain amount of GT as a cautionary deposit. If the market price of the token becomes lower than the Startup price for a certain period, the GT deposit locked-up will be burned accordingly. To avoid market manipulation, we will not announce the amount of GT locked-up and the period. The above requirements will accept possible third-party auditing.
4. To decrease volatility during the initial trading stage, Gate will apply the Call Auction Mechanism.

GT price increased by almost 15%.

Source;
https://www.gate.io/article/16273