[//]:content-type-MARKDOWN-DONOT-DELETE **1 Phoenix (PHB)Token Sale Result** The Gate.io Startup Phoenix (PHB)sale result is as follows: PHB Startup Sale Amount: 25,424 PHB Total value of orders (in USDT): 45,076,580 USDT Total value of qualified orders (in USDT): 44,498,320 USDT Number of orders:15,899 Number of Qualified orders: 15,691 Percentage of qualified orders: 98.69174161897 % Percentage of succeeded purchases: 98.717160884876 % Number of participants: 15,899 Number of qualified participants: 15,691 Average qualified order value per user (in USDT): 2835.9135810337 USDT Average distribution value per user (in USDT): 1.9119240328851 USDT Average distributed PHB per user: 1.6202918838825 PHB F (distribution ratio) = 0.000674182755664 Per the previous announcement, all qualified orders will obtain the token on sale equally. To guarantee transparency and fairness, all original records are stored for possible third-party auditing. Attention: Most unqualified orders occurred due to insufficient balance in the user account. Please ensure there is sufficient balance (exceeding the purchasing value) for the order by UTC 08:00 A.M. The insufficient balance will result in the cancellation of the purchase order. **2 PHB Listing** We will commence PHB trading at Mar 27th, AM 10:00 UTC. The withdrawal service will be available afterwards. （1）Deposit PHB at:[https://www.gate.info/myaccount/deposit/PHB](https://www.gate.info/myaccount/deposit/PHB "https://www.gate.info/myaccount/deposit/PHB") （2）Trade PHB at:[https://www.gate.info/trade/PHB_USDT](（2）交易地址为：https://www.gate.info/trade/PHB_USDT "https://www.gate.info/trade/PHB_USDT") **3 Gate.io Startup Initial Offer** Gate.io Startup has become increasingly more popular among users, with an excellent performance since its launch. In 2020, Gate.io Startup Initial Offer has upgraded to version 2.0. We are providing more flexible and diversified services to attract more promising projects. At the same time, we are aiming at providing more protections to our users. If you are a project team and want to commence your initial token sale here, submit a request below. Apply at: [https://www.gate.io/listrequest](https://www.gate.io/listrequest "https://www.gate.io/listrequest") If you project has had initial token sale and wants to be listed at Gate.io, you may also apply to participate in our voting for listing activities. If you are our user and have a good project to recommend, please fill the application form and let us know. Let’s work together to boost the development of Gate.io and create more benefits to our users. Gate.io is a Cryptocurrency Trading Platform Since 2013 Top ranking, Trustworthy, Transparent [Sign up ]((https://www.gate.info/signup "Sign up ")to enter the crypto gateway and get 40% commission from [referrals](https://www.gate.info/referral "referrals") [Download iOS/Android App](https://www.gate.info/mobileapp "Download iOS/Android App") right now. Follow us on social Twitter：[https://twitter.com/gate_io](https://twitter.com/gate_io "https://twitter.com/gate_io") Telegram：[https://t.me/gate_io](https://t.me/gate_io "https://t.me/gate_io") Instagram：[https://www.instagram.com/gateioglobal](https://www.instagram.com/gateioglobal "https://www.instagram.com/gateioglobal") Medium：[https://medium.com/@gateio](https://medium.com/@gateio "https://medium.com/@gateio") Gate.io Team Mar 27th, 2023