Token sales on Gate.io exchange is not first come first serve.
Participants have 2 hours to place their orders and all orders are treated equally. It is quite possible that participants ordered several times more than the total token offering for the sale.
After placing order time, a purchase factor (F) will be calculated.Each participants get a portion of their ordered quantity based on F.
Project ABC is going to offer 1 billion ABC tokens on Startup token sale.
Participants ordered 10 billions ABC tokens in total.
Purchase factor (F)= 1/10=10%
If Participant A ordered 1 million ABC tokens, he will receive 1 million X10%=100, 000 token.
If the token price is set as 0.001 USDT per token
Participant A pays for 0.001 USDT x100,000 =100 USDT.
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