Elon Musk's Tesla(Tesla) tokens are now available for subscription. Limited quantity, first come, first served. Subscription equals listing. If the subscription does not reach 1000 GT, it cannot be listed. If not listed, Gate will refund the full amount. If you have questions, you can contact Gate official customer service.

Token subscription(has 3 phases):

Phase One: Support users to participate in token subscription using spot account GT. During the subscription phase,(not in the last 15 minutes) users can subscribe and redeem at any time. The maximum subscription amount per account is 500 GT, with each subscription or redemption not less than 1 GT.

Phase Two: In the last 15 minutes before the end of the token subscription, only redemptions are supported; new subscriptions are no longer accepted.

Phase Three: After the token subscription ends, whether the token is listed depends on the number of GT subscribed. If the token is successfully listed, the page will automatically redirect to the corresponding Alpha token details page and open trading; if not listed, the subscription fails, and the page will automatically close.

Token Airdrop: Tokens will be airdropped proportionally based on each user's subscription share. Airdrops will be sent directly to the Alpha account(no manual claim needed), processed in the order of users' first subscription time.

Funds Refund: After the token subscription ends, if the total GT subscribed does not reach 1,000 GT, the user's subscription funds will be fully refunded. If the subscribed GT exceeds the target, the excess amount will be refunded. Refunds will be automatically returned to the spot account, no manual claim required.

Adding Liquidity: After the token subscription ends, if the total GT subscribed reaches 1,000 GT, the platform will automatically pair the actual subscribed GT(minus the refund amount) with 500 million KOL tokens( representing 50% of the total supply), and add them to Gate Swap's liquidity pool, enabling the official listing and free trading of KOL tokens. Participants in the subscription can also immediately buy and sell the airdropped tokens.

On-chain Fees: Each user operation of subscription or redemption requires paying on-chain token fees(fixed at 0.01 GT, supporting GT and USDT).

Note: The platform does not charge any fees other than the "on-chain fee." All GT participating in the subscription will be used to add liquidity on Gate Swap.

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