Bitget pre-market trade mapping: MAJOR POINTS (MAJOR) orders to be mapped to Major (MAJOR) orders
We're excited to announce that we will commence the mapping of MAJOR POINTS (MAJOR) pre-market orders to Major (MAJOR) orders. This change follows the Major(MAJOR) project team’s announcement of the tokenomics and total supply.
MAJOR POINTS (MAJOR) total supply: 10 billion
Major(MAJOR) total supply: 0.1 billion
Mapping ratio: MAJOR POINTS (MAJOR) : Major (MAJOR) = 100:1
MAJOR POINTS(MAJOR) pre-market trading end time: November 14, 2024, 06:00 (UTC)
Pre-market order mapping period: November 14, 2024, 06:00 – 08:00 (UTC)
Major(MAJOR) pre-market trading start time: November 14, 2024, 08:00 (UTC)
Major(MAJOR) pre-market trading end time: TBD
Major(MAJOR) pre-market delivery time: TBD
What is pre-market trading mapping?
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The mapping does not change the market cap of a token. Initially, 10 billion MAJOR POINTS (MAJOR) were issued by Bitget as stand-in tokens for Major (MAJOR) pre-market trading. Now that the total supply of Major (MAJOR) is confirmed to be 0.1 billion, the mapping ratio is set at 100:1.
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All filled pre-market trading orders for MAJOR POINTS (MAJOR) will be mapped at a 100:1 ratio to Major(MAJOR) pre-market orders. The order amount and the security deposit will remain unchanged.
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MAJOR POINTS (MAJOR) pre-market orders will be converted into Major (MAJOR) pre-market orders and delivered along with Major (MAJOR) pre-market orders.
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After the pre-market trading of MAJOR POINTS (MAJOR) ends, any open orders will be canceled.
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No action is needed on your part, as the system will automatically handle the mapping process. In reference to the mapping ratio of 100:1, please check the quantities of your orders after the mapping.
How are MAJOR POINTS (MAJOR) mapped after the TGE of Major(MAJOR)?
After Major(MAJOR) officially launches its tokens, Bitget will convert MAJOR POINTS (MAJOR) to Major(MAJOR) for pre-market delivery based on the actual tokenomics. The order amount filled by users in pre-market trading will remain unchanged, but the quantity and price of the coins will be mapped accordingly.
For example, User A sells 5000 MAJOR POINTS (MAJOR) at 0.44 USDT. The order has been filled with a total value of 2200 USDT, and a security deposit of 2200 USDT has been frozen.
The 100:1 mapping ratio of Major(MAJOR) does not affect the order value and the security deposit, both of which remain at 2200 USDT. The token delivery quantity will be decreased to 5000 × 1/100 = 50 Major (MAJOR), and the token price will be mapped to 0.44 × 100 = 44 USDT. You can view the original orders in the order history of MAJOR POINTS (MAJOR) pre-market trading. Mapped orders can be found in the order history of Major (MAJOR) pre-market trading.
*Note that User A (the seller) must ensure they have an available balance of at least 50 Major (MAJOR) in their spot account before the Major (MAJOR) pre-market delivery. Otherwise, the delivery will fail, and they will be deemed in default.
Example
|
User A |
Filled price |
Filled quantity |
Filled amount |
Security deposit |
|
MAJOR POINTS (MAJOR) |
0.44 USDT |
5000 MAJOR POINTS (MAJOR) |
2200 USDT |
2200 USDT |
|
Major(MAJOR) |
44 USDT |
50 Major(MAJOR) |
2200 USDT |
2200 USDT |
|
Changes |
MAJOR POINTS (MAJOR) price × 100 |
MAJOR POINTS (MAJOR) quantity × 1/100 |
No change |
No change |
Disclaimer
Cryptocurrencies are subject to high market risk and volatility, despite their high growth potential. Users are strongly advised to conduct their own research and invest at their own discretion. Thank you for supporting Bitget.
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