[//]:content-type-MARKDOWN-DONOT-DELETE Gate's unique VIP tier system caters to the diverse needs of users based on token holdings, trading volume, and GT token holdings. It significantly reduces trading fees for users while offering free airdrop allocation opportunities for Startup projects and access to more exclusive privileges. For more information, please visit: https://www.gate.io/fee **The main updates to the VIP Level system upgrade include:** 1.The original VIP upgrade plan based on trading volume and GT holdings will remain unaffected. 2.Optimization of the VIP upgrade based on total asset value: **Different coefficients will be applied according to the market capitalization rankings of the various tokens held by users.** The details are as follows: | Token&Market Cap Ranking | Coefficient | VIP Upgrade Value Cap | | :----- | :---- | :---- | | GateToken(GT) | 1 | Unlimited | | Top 50 | 1 | Unlimited | | Rank 51 - 120 | 0.8 | $400,000 | | Rank 121 - 200 | 0.6 | $200,000 | | Rank 201 - 360 | 0.4 | $80,000 | | Rank 361 and below | 0.3 | $40,000 | Total account asset value = Sum of the USD value of held tokens * respective coefficients (if the value of any single token exceeds the upgrade value cap, it will be calculated according to the cap). Example: - **User A:** -Holds GateToken (GT) valued at 100,000 USD, with coefficient of 1, resulting in a value of 100,000 USD. -Holds tokens ranked 51-120 with a value of 100,000 USD, with coefficient of 0.8, resulting in a value of 80,000 USD. **Total account asset value for User A** = 100,000 USD + 80,000 USD = 180,000 USD **User B:** -Holds tokens ranked 51-120 with a value of 1,000,000 USD, with coefficient of 0.8, resulting in a value of 800,000 USD (exceeds the upgrade value cap of 400,000 USD). -Holds tokens ranked 361 and below with a value of 100,000 USD, with coefficient of 0.3, resulting in a value of 30,000 USD. **Total account asset value for User B** = 400,000 USD + 30,000 USD = 430,000 USD Check the token market cap rankings Notes 1.This update will take effect at 16:00PM on September 9, 2024(UTC). Please review and adjust your asset holdings accordingly to meet the VIP upgrade standards. 2.Asset values are calculated based on the token prices on the day of the asset calculation, with values in USD. 3.Each token's asset amount has a Value Cap for VIP Upgrade calculations and amounts exceeding the cap will not be included in the total asset value calculation. Accounts for the VIP Upgrade Value Cap combine the Sub-Accounts and a Master Account. Thanks for your understanding and support. Gateway to Crypto Trade over 1,700 cryptocurrencies safely, quickly, and easily on Gate Download Gate App / Web Client now>>> Follow us on Gate X (Twitter) to get more bonuses>>> Join our Telegram to discuss hot topics>>> Join our Global Community to get more updates>>> We provide 100% proof of reserve>>> Sign up to enjoy max. $6666 in rewards exclusively for new users Get 40% commission from referrals Gate Team September 9th, 2024

Gate Updates Asset Value Calculation Rule in VIP Upgrade

Gate Updates Asset Value Calculation Rule in VIP Upgrade