Artificial intelligence continues to dominate global technology trends, and leading AI companies are attracting significant attention from capital markets. To offer users more diverse pre-IPO investment opportunities, Gate Pre-IPOs is launching its second phase with the official OpenAI (OPENAI) subscription event. This event supports participation with both USDT and GUSD. In addition to early access to OpenAI’s pre-IPO market value allocation, eligible users can enjoy multiple benefits, including GT rewards, VIP airdrops, and GUSD minting yields.
Gate Pre-IPOs Phase II Officially Launches OpenAI Subscription Event
As generative AI rapidly evolves, OpenAI has become one of the most closely watched AI companies worldwide. Gate Pre-IPOs Phase II introduces the OPENAI asset certificate subscription, giving qualified users the chance to participate in the company’s market value allocation before its official IPO.
This event offers subscription options in both USDT and GUSD. Beyond pre-IPO investment opportunities, it also includes GT rewards, VIP airdrops, and GUSD yield activities, providing users with a wider range of participation choices.
Why Is OpenAI Attracting So Much Market Attention?
OpenAI stands as one of the world’s most influential AI companies. Its flagship product, ChatGPT, has accelerated the adoption of generative AI, keeping the company in the spotlight across the global tech industry and capital markets. OpenAI has already received investments from several international tech giants. Based on information from this event, its implied valuation is estimated at $895 billion, making it one of the most representative unicorns of the AI era. The OPENAI product offered by Gate is not actual stock; instead, it is a Mirror Note issued prior to the company’s IPO. This mirror note is designed to track the market value of OpenAI’s common stock and Gate establishes corresponding hedging positions to support future holding or exit arrangements.
Gate Pre-IPOs Phase II OpenAI Subscription Details
Gate Pre-IPOs Phase II is officially launching the OpenAI (OPENAI) asset certificate subscription event. The project’s implied valuation is approximately $895 billion, with a total subscription value of about $20 million. A total of 27,700 OPENAI asset certificates will be issued: 19,390 allocated for USDT subscriptions and 8,310 for GUSD subscriptions. Each OPENAI certificate is priced at $722, and users can participate using either USDT or GUSD, with a minimum subscription amount of 100 USDT or 100 GUSD per order.
The subscription window is open from July 15, 2026, 07:00 UTC to July 17, 2026, 07:00 UTC, and pre-market trading is expected to begin on July 20, 2026, 08:00 UTC. No implied fees or custody fees will be charged during the event. The final allocation of OPENAI certificates per user will depend on individual subscription limits and the final distribution results.
OPENAI Will Be Unlocked and Distributed in Three Phases
OPENAI asset certificates successfully subscribed and allocated will be distributed in stages, gradually completing asset delivery. The first phase will release 25% of assets on July 17, 2026, 11:00 UTC. The second phase will release 35% on August 17, 2026, 11:00 UTC. The final phase will release the remaining 40% on September 17, 2026, 11:00 UTC. If any funds are not successfully allocated during this subscription, the system will refund unused funds to users’ accounts during the first asset distribution phase for flexible future use.
Enjoy Multiple Benefits During the Subscription Period
Besides participating in the OPENAI subscription, this event also offers several additional rewards:
VIP Exclusive OPENAI Airdrop Event
Gate is celebrating OpenAI’s launch on Gate Pre-IPOs with exclusive airdrop events for VIPs and Super Agents. Eligible users can claim OPENAI airdrop rewards according to event rules.GT Sunshine Rewards
Users who successfully subscribe more than $10,000 will receive 1 GT each. Those who subscribe less than $10,000 will share a total pool of 2,000 GT, with rewards distributed during the first asset release phase.GUSD Minting Yield
Users who choose GUSD for their subscription can enjoy a 3.8% annualized minting yield. Yields are paid daily, GUSD supports instant redemption, and related fees are handled per platform regulations.
How to Participate in Gate Pre-IPOs Phase II Subscription
The process is the same for both web and app. After entering the homepage, select Finance, New Listings, Pre-IPOs, then choose the OPENAI project. Complete your subscription using USDT or GUSD. Since allocation is based on average locked amount, subscribing earlier allows you to accumulate a higher average locked weight.
How Are Assets Allocated?
Asset allocation is not based directly on the amount invested, but on the proportion of each participant’s hourly average locked amount relative to the total average locked amount of all participants during the subscription period. The earlier you invest, the higher your average locked amount, which may increase your share of asset certificates. However, the actual quantity obtained will also be affected by overall subscription demand, project quotas, and individual limits. Therefore, the amount invested does not guarantee the final quantity received. Funds invested during the subscription period will remain locked. After the event ends, the system will deduct the corresponding funds based on actual allocation results, and any unused portion will be refunded to your spot account.
OPENAI Subsequent Trading and Exit Options
After completing the subscription and each unlocking phase, holders can freely trade asset certificates in Gate’s pre-market. Pre-market trading is available 24/7, allowing holders to decide whether to exit early based on market conditions. Once the target company completes its IPO and the six-month post-listing lock-up period has passed, Gate will provide a dedicated exit page. Holders can then choose to redeem for stock tokens or exchange for USDT at the post-listing market price. If the company does not go public by the maturity date, or in cases of acquisition, merger, or bankruptcy, the platform will settle according to product rules and the reasonable market value of common stock.
Mirror Note Valuation and Adjustment Mechanism
OPENAI is a Mirror Note product, tracking the market value of OpenAI’s common stock. If the company undergoes capital increases, share cancellations, stock splits, or reverse splits in the future, the platform will adjust asset calculation methods accordingly and announce details separately. The implied valuation disclosed here is calculated based on the current subscription price and corresponding share count. If the total share count changes in the future, the implied valuation may also be adjusted.
Risks to Consider Before Participating
Since OpenAI has not yet gone public, the IPO timeline remains uncertain, making this product a high-risk investment. If the company successfully goes public or completes an acquisition or merger, the platform will provide appropriate exit arrangements as per product rules. However, if the company’s value declines, fails to go public, or enters bankruptcy proceedings, the product value may decrease or even become worthless, and investors may lose their entire principal. Additionally, crypto assets are highly volatile, and factors such as market liquidity, regulations, technology, and external events may impact product prices. Participants should fully understand how the product works and its associated risks before investing. Please note, this product is a Mirror Note and not actual OpenAI stock. It does not confer shareholder rights in OpenAI, nor does it represent OpenAI’s participation, authorization, or endorsement of this event.
Head to Gate Pre-IPOs now to participate in the OpenAI (OPENAI) subscription event: https://www.gate.com/ipos/21
Summary
Gate Pre-IPOs Phase II is launching the OpenAI (OPENAI) subscription event, offering users a new opportunity to participate in the pre-IPO market of a global AI unicorn. This event supports subscriptions in both USDT and GUSD, and combines GT rewards, VIP airdrops, and GUSD yields. Through pre-market trading and subsequent exit mechanisms, Gate provides a comprehensive product arrangement. Since OPENAI is a Mirror Note and the underlying company has not yet gone public, uncertainties remain regarding valuation, IPO timing, and market volatility. Participants should fully understand the product rules and risks, and carefully assess their own needs before deciding to invest.
FAQ
Is the OPENAI in Gate Pre-IPOs Phase II actual OpenAI stock?
No. OPENAI is a Mirror Note asset certificate, not actual OpenAI stock or shares. It does not confer shareholder rights in OpenAI.
Which currencies can be used to participate in this subscription?
This event supports subscriptions in USDT and GUSD, with a minimum subscription amount of 100 USDT or 100 GUSD per order.
Why is subscribing earlier potentially more advantageous?
Allocation is based on average locked amount. The earlier you subscribe, the longer your average locked time, which may increase your allocation weight. However, the final quantity is determined by the system’s calculation results.
