Gate News bot message, according to the official announcement from Gate on October 4, 2023:
Gate Fun will host a Formula Racing themed token creation and trading event, from October 4, 2025, 12:00 to October 11, 2025, 23:59 (UTC+8). During the event, creators can create Formula Racing themed tokens on the Gate Fun platform to participate in the competition.
The event sets up two leaderboards: the trading volume leaderboard and the number of traders leaderboard, with a prize pool of 200 GT for each leaderboard. The first place can receive 60 GT, the second place 40 GT, the third place 30 GT, and the fourth to tenth places each receive 10 GT. In addition, the first token creator to complete the liquidity migration will receive an extra reward of 100 GT.
Tokens participating in the trading volume leaderboard must accumulate a trading volume of over 10 GT during the event period, and the number of participants for the trading participants leaderboard must exceed 5 independent KYC trading individuals. All rewards will be distributed within 7 working days after the event ends.