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Blum(BLUM): Gate Announcement on Confirming BLUM POINTS and BLUM Tokens Conversion Ratio in Pre-Market OTC Trading
Blum(BLUM): Gate Announcement on Confirming BLUM POINTS and BLUM Tokens Conversion Ratio in Pre-Market OTC Trading
2025-06-26 07:12:51 UTC101.069 views
Due to the total token supply disclosed by the Blum(BLUM) Project, Pre-Market OTC trades will undergo a proportional conversion process. Details are as follows:
Blum(BLUM) Point Total Supply: 100,000,000,000
Blum(BLUM) Token Total Supply: 1,000,000,000
Conversion Ratio: Blum(BLUM) Token : Blum(BLUM) POINTS = 1:100
What is a Pre-Market OTC Trading Points Order?
- Pre-Market OTC Points Orders follow the principle of maintaining total market cap equivalence BLUM POINTS has a projected issuance of 100,000,000,000, serving as the token credential for Pre-Market OTC trades of BLUM. The Total Supply of BLUM Token is locked at 1,000,000,000, establishing a conversion ratio of 1:100
- All completed BLUM POINTS Pre-Market OTC trades will be converted to BLUM Tokens at the specified ratio. The total order settlement amount will remain consistent.
Example: User A sells 5000 BLUM POINTS for 0.01 USDT per point. The total order amount is 50 USDT, with a deposit guarantee of 50 USDT. After the conversion at the ratio of 1:100, the total settlement amount remains 50 USDT, but the token quantity will reduce from 5,000 BLUM POINTS to 50 BLUM (5,000 ÷ 100 = 50). Users can check their Post-Conversion token quantity in the history of Pre-Market OTC transactions for BLUM POINTS.
| User A | Settlement Price | Points Quantity Traded | Total Settlement Amount | Deposit Guarantee |
|---|---|---|---|---|
| BLUM Points | 0.01 USDT | 5000 | 50 USDT | 50 USDT |
| BLUM Tokens | 1 USDT | 50 | 50 USDT | 50 USDT |
| Changes | BLUM POINTS price × 100 | BLUM POINTS quantity / 100 | No change | No change |
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