GMMC activity rules updated

Since the launch of the GMMC campaign, the market has responded with great enthusiasm . To encourage more institutions to participate in the event and provide more liquidity to the market, we plan to optimize the assessment rules of the event. Effective date: 00:00, October 10, 2024 (UTC+8).

Know more about GMMC ：
https://www.gate.com/global-market-maker-program

The rules are adjusted as follows:

The original pending order rule: For each trading market, both the ask and bid sides must simultaneously meet the depth requirement in each minute snapshot for the target to be met.
Change the pending order rule: If the depth of any side of the snapshot of each trading market per minute meets the requirement, the target is reached.
To streamline the October assessment, the evaluation will be divided into two phases: from October 1 to October 9, the original rules will apply, and from October 10 onward, the new rules will apply. The scores from both phases will be combined to determine the total GMMC score.
The details are as follows:
October 1st - October 9th (according to the following rules, the original rules)

After October 10 (according to the following rules)

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Gate Team
September 30, 2024