Gate Launches Full Refund Program for Underperforming BOB Token

According to Gate’s latest announcement, the exchange will fully refund BOB Launchpad participants and offer random GT airdrops to verified Web3 Launchpad users as compensation.

GT

Summary

Gate officially announced it will fully refund all BOB Launchpad participants and distribute random GT token airdrops to users from Phase 1 of its Web3 Launchpad. KYC-verified users will automatically receive GT tokens or can submit their wallet or UID details by November 27, with distributions completed within three business days. The move follows the platform’s earlier voluntary refund program for the underperforming BOB token.

Terms & Concepts
  • GT: GateToken, the native utility token of the Gate.io exchange, used for trading fee discounts, staking, and platform rewards.
  • Web3 Launchpad: A platform feature that enables users to participate in early-stage token launches within the decentralized Web3 ecosystem.
  • KYC: Know Your Customer, a verification process required by exchanges to confirm users’ identities before participating in financial activities.