Gate Pre-IPOs Phase 2: OpenAI (OPENAI) subscription will open soon. This phase supports subscription in both USDT and GUSD, allowing users to get in early on value opportunities before the listing of a top global AI unicorn, while also enjoying multiple subscription benefits including GT Sunshine Airdrop rewards and GUSD Minting returns. Subscribe to OPENAI to participate in the development of the global AI industry.
Pre-IPOs Subscription Basic Information
OpenAI is one of the most influential artificial intelligence companies globally, driving the rapid development of generative AI through products such as ChatGPT and continuing to attract significant attention from global capital markets. OpenAI has received ongoing investment from international tech companies including Microsoft, with an implied valuation of approximately $895 billion, and is regarded as one of the most representative unicorn companies of the AI era.
OpenAI Asset Certificates are mirror notes issued before the OpenAI IPO, used to mirror the market value of OpenAI before and after its listing. They are a type of contingent payout note. Gate provides users with multiple exit or long-term holding methods that align with the reasonable market value of the target company by obtaining hedging exposure to OpenAI stock in the market.
Project Name: OpenAI
Asset Token Symbol: OPENAI
OpenAI Implied Market Cap: $895 Billion
Total subscription value: approximately $20,000,000
Total Subscription: 27,700 OPENAI
USDT Total Subscription (70%): 19,390 OPENAI
GUSD Total Subscription (30%): 8,310 OPENAI
Commitment Price: 1 OPENAI = $722
Subscription Coin: USDT or GUSD (No GUSD yet? Mint Now )
Minimum Single Subscription: 100 USDT or 100 GUSD
Maximum tokens per user: 277 OPENAI
Subscription Fee: This subscription waives the implied Trading Fee and Custody Fee.
Subscription Period: July 15, 2026, 07:00 (UTC) – July 17, 2026, 07:00 (UTC)
Trading Method: Pre-IPOs Zone Pre-Market
Trade Time: July 20, 2026, 08:00 (UTC)
Distribution Method: The OPENAI you subscribe for will be distributed proportionally across 3 installments as it unlocks. The detailed schedule and unlock ratios are as follows:
| Distribution Time | Unlock Ratio |
Phase 1 | July 17, 2026, 11:00 (UTC) | 25% |
Phase 2 | August 17, 2026, 11:00 (UTC) | 35% |
Phase 3 | September 17, 2026, 11:00 (UTC) | 40% |
Subscription Settlement: The first unlocked OPENAI tokens for successful subscriptions, along with refunds of any unsubscribed USDT and GUSD, will be distributed and returned by July 17, 2026, 11:00 (UTC).
Subscription Reward 1: VIP Exclusive — OpenAI (OPENAI) Airdrop
To celebrate the launch of OpenAI (OPENAI) on Gate Pre-IPOs, an exclusive airdrop campaign for VIP users and Affiliate Ultras is being introduced. Eligible participants can join according to the event rules and have the opportunity to receive OPENAI airdrop rewards. Join Now
Subscription Reward 2: GT Sunshine Airdrop
Users who subscribe and have a total successful subscription amount exceeding $10,000 will each receive 1 GT; users with a successful subscription amount below 10,000 USDT can jointly shareout 2,000 GT prize pool, and rewards will be distributed uniformly during the first unlock distribution.
Subscription Reward 3: GUSD Minting Return
Users who subscribe with GUSD will also receive a 3.8% annualized minting return, with returns distributed automatically daily. GUSD can be redeemed at any time. Redemption fees, if applicable, will be charged based on the actual conditions. For more details, please visit the GUSD Mint page and refer to the FAQ.
Subscription Process
Web/App:
[Home] - [Earn] - [Launch] - [Pre-IPOs]
Choose OpenAI and subscribe with USDT or GUSD. Click [Subscribe Now]
Note: The earlier you subscribe, the higher the allocation weight.
Pre-IPO Distribution Rules
The system will calculate and allocate asset certificates based on the ratio of the user's hourly average locked amount during the subscription period to the project's overall average total subscription amount. The earlier the subscription, the higher the allocation weight.
Calculation Method
Hourly average locked amount = sum of hourly locked amount snapshots / total subscription period hours (48 h)
Example Explanation:
Assume the subscription period is 48 h, and users A, B, and C each plan to invest 100,000 USDT to participate in the subscription:
User A: Completes the deposit within the first hour of the subscription period and maintains the lock-up throughout the entire period
Average locked amount = 100,000 × 48 / 48 = 100,000 USDT
User B: Completed the investment 24 hours after the start of subscription and held it until the end of subscription
Average locked amount = 100,000 × 24 / 48 = 50,000 USDT
User C: completed the subscription in the last 1 hour of the subscription period
Average staked amount = 100,000 × 1 / 48 ≈ 2,083 USDT
Distribution Instructions
The actual number of asset certificates obtained depends on the percentage of the user's average locked amount among all participating users, and is subject to restrictions such as the total project subscription amount and the upper limit of asset certificates obtainable per person.
This example only illustrates the allocation logic and does not represent the final number of asset certificates obtainable.
Invested Amount is not equivalent to the value or quantity of the asset certificate ultimately obtained. The final allocation result is based on system calculation.
Asset certificates committed for subscription will be locked and cannot be redeemed during the subscription period. After the subscription ends, the user's committed funds will be deducted based on the actual number of project asset certificates obtained, and the remaining funds will be returned. If the actual asset certificate amount obtained by the user is less than the invested amount, the remaining committed funds will be unlocked and automatically returned to your Spot Account after distribution.
If the number of asset certificates actually obtained by the user is less than 0.00000001 asset certificates, the asset certificates will not be issued, and the user's subscription funds will also be fully refunded.
Explanation of Pre-IPO Trading and Settlement Mechanisms
About Exit Methods
After the subscription is completed, asset vouchers will be unlocked and distributed in 3 phases, entering the Pre-Market trading phase (see the distribution announcement for the specific opening time). After the target company's IPO lock-up period, any user holding positions can swap them for stock assets, tokenized stocks, or swap for USDT at the real-time market price of the stock after its actual listing to exit their investment.
Users who hold assets can choose to exit through Pre-Market at real-time market value before the lock-up period, or exit through the Pre-Market at a suitable price. Before listing and the lock-up period, Gate will provide Pre-Market trading, allowing holders to freely buy and sell their held assets 24/7.
After the lock-up period (the asset lock-up period for this event is 6 months after listing), Gate will provide users with a dedicated exit page, where holders can convert their assets into tokenized stocks or into USDT based on the real-time market price of the stock after listing.
Because the target company is not yet officially listed, Pre-Market trading uses a temporary trading symbol and a corresponding total supply for circulation. Once the target company is listed, adjustments will be made based on actual conditions.
Handling of Corporate Bankruptcy
If the target company enters bankruptcy reorganization proceedings, the reference value of this product will be adjusted based on the actual disposal result of the target company's common stock in the reorganization proceedings and settled for users according to the actual value.
If the target company enters bankruptcy liquidation proceedings, causing the value of its common stock to go to zero, the reference value of this product will also go to zero. Investors may lose all of their principal and will not be able to assert any claims against the target company for their losses.
Expiration Date Settlement Rules
The Maturity Date is December 31, 2035. If, after the Maturity Date, the target company has still not gone public, or has been acquired, merged, or gone bankrupt, Gate will settle the account in USDT based on the Fair Market Value of OpenAI's common stock.
Rules for Valuation and Additional Issuance Processing
OpenAI implied market cap of $895 billion is derived from the current commitment price and the corresponding total shares of 1.23 billion – 1.24 billion. If the company issues additional shares or cancels shares in the future, the total number of shares may change, affecting the estimated implied market cap.
This asset is a Mirror Note that tracks the value of the company's common stock based on the stock price. If the company issues additional shares in the future, it may dilute the current per-share value. If the company's stock undergoes a stock split, reverse stock split, or other reclassification of its common stock in the future, we will make corresponding calculations and adjustments to user holdings based on the actual situation, and will post an announcement with details at that time.
Risk Reminder
Since the target company is not currently listed and the listing date has not been determined, this investment carries significant uncertainty and high risk. If the company successfully lists in the future, or is acquired or merged, Gate will provide an exit channel at the corresponding reasonable market price.
If the company's value declines due to poor management or other factors, or if it cannot go public and there are no other exit channels such as acquisition or merger, or if it goes bankrupt and its value becomes zero, this investment may face the risk of loss. Please make sure you understand this clearly and consider carefully before participating.
Crypto asset investments carry high risk. This subscription is conducted on an open and fair basis, but there may still be price volatility, insufficient market liquidity, and other conditions. Before participating, please carefully review the project background and risks.
Borrowed funds may not be used to participate in Gate Pre-IPO subscriptions. Institutional accounts and subaccounts may not participate in Gate Pre-IPO subscriptions.
Understanding blockchain startup projects and assessing their inherent risks requires advanced technical and financial knowledge.
Due to technical, legal, regulatory, market, s other factors, the price of the project you are participating in may experience significant fluctuations and may decrease or increase substantially.
Crypto projects carry high risk, and prices are highly volatile. Project parties do not set margin and do not provide any price guarantees or guarantees against the token price falling below its initial offering price. Please ensure you fully understand the risks and can bear them before participating. The platform strongly cautions about the risks but cannot assume any liability for guarantees or compensation for investment activities.
If there is any discrepancy between the translated version and the original English text, the English version shall prevail.
Gate reserves the right of final interpretation.
Users in restricted regions cannot use all or part of the services. For detailed information about restricted regions, please read User Agreement .
Disclaimer
This product is a Mirror Note and does not represent actual stocks or shares of OpenAI, nor does it represent any legal relationship between investors and OpenAI. This offering has no connection with OpenAI. OpenAI did not participate in, authorize, or endorse any content of this product or marketing materials. OpenAI will not receive any funds raised and has not provided any information to Gate.
This content does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please note that Gate may restrict or prohibit all or part of its services from restricted regions. Please read User agreement for more information.
Gate Team
July 13, 2026
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