PirateChain(ARRR) Net Buy Compensation & New Market Opening Time

The PirateChain is a privacy featured
independent blockchain, with its unique transaction structures and
features, which make it more difficult to do wallet integration and
implementation. Initially, we completed the integration using Memo
(payment id) deposit method. The ARRR was then listed after a successful
listing vote, with airdrop rewards(worth about 15k USD at fair market
price and 150K USD at gate.io opening price)distributed to 5034 users.



After the market opening, we found some users were depositing in a new
method, resulting in delayed deposits. Due to a limited amount of liquid
tokens and high demand in the ARRR markets at the opening time, the
prices were much higher than other exchanges. Some users sold their
airdrop rewards with significant profits, while some users bought at a
high price and thus entering the market unfavorably. as more deposits
being credited, it was quite predictable that the price would fluctuate
drastically and early buyers might suffer a loss. To avoid such a
situation, we paused ARRR markets and at the same time, we made a plan
to buyback and subsidies the early net buyers who suffered a loss during
Jun11， 8:00-8:30 UTC. Users who had any positive net-buy (sells minus
buys) during this period can fill the form below to claim compensation.
We will buyback your ARRR and compensate your losses.



Claim Buyback and compensation here ：https://www.bquan.live/en/questionnaire/515



Reminder:

When a new market open, the limited liquidity and high demand might
drive the price much higher than fair price.Please refer to the stable
global prices when trading and trade rationally. Don’t just ape in.



The ARRR Re-opening

The ARRR market reopen time: Jun 12th, 8:00 am UTC



Deposit ARRR at：https://www.gate.com/myaccount/deposit/ARRR

ARRR/USDT market：https://www.gate.com/trade/ARRR_USDT

ARRR/ETH market：https://www.gate.com/trade/ARRR_ETH



Gate is an established exchange that holds integrity, transparency,
and fairness to a very high standard. We charge zero listing fees and
only choose quality and promising projects. Our exchange consists only
of 100% real trading volume. Thanks to everyone who has joined us in our
journey. We always intend to improve and innovate to reward our users
for their continuous support.



Gate Team

June 12, 2021



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