Gate to open third Pre-IPOs subscription for Moonshot AI's KIMI certificates

Subscriptions run Aug. 11-13, 2026 using USDT or GUSD, with full issuance on Aug. 17 and a dedicated secondary market planned about one month later.

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Summary

Gate said it will open the third project in its Pre-IPOs series for AI company Moonshot AI, offering KIMI asset certificates structured as Mirror Notes tied to changes in Moonshot AI's enterprise value. Subscriptions are scheduled from Aug. 11, 2026 at 15:00 to Aug. 13, 2026 at 15:00 (UTC+8), with indicative pricing of $105-$115 per share, implying a roughly $50 billion valuation and accepting USDT or GUSD. Gate said certificates will be 100% unlocked and distributed on Aug. 17, 2026 at 15:00 (UTC+8), with a dedicated secondary trading market expected about one month later. The platform said GUSD subscribers can also receive a 3.8% current U.S. Treasury yield, and that if Moonshot AI completes an IPO in the future, follow-up asset handling could include stock asset exchange or stock token exchange methods, depending on actual conditions.

Terms & Concepts
  • Mirror Note: A note structured to track changes in the valuation or enterprise value of an underlying company rather than representing direct equity ownership.
  • Pre-IPO asset certificate: A platform-issued certificate giving users economic exposure to a private company before any public listing, subject to the platform's terms and exit arrangements.
  • RWA: Real-world assets represented or referenced on blockchain-based platforms.