Subscription Of NMT On Gate Startup Completed, With Nearly 29M USDT Raised

According to the information posted on the official website of Gate.io, the subscription of NFTMart's token NMT on Gate Startup has been finished. The goal of fundraising is 75,000 USDT, and the actual fund raised during the process is 28,903,500 USDT, with the oversubscription marking 385%. 9,613 users participated in the subscription.

The IDO of NFTMart is going to be kicked off on Bounce Certified at 14:00 UTC today, May 24. The trading will be enabled at 08:00 UTC on May 25 on Uniswap, while it will be launched at 08:00 UTC on May 26 on Gate.io.

NMT was issued on Ethereum. The initial issuance is 100 million, and 8.65 million tokens now are in circulation. After the launch of NFTMart mainnet, the tokens will be migrated to the mainnet. As a mainchain token, NMT can be used to pay for trading fees, NFT works, and transaction tax, and allow users to participate in governance poll, NPOS Staking, etc.

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