Gate News bot message, according to the official announcement from Gate on July 18, 2025:
Gate will launch MBG token spot trading on July 22, 2025, at 16:00 ( UTC+8, with the trading pair MBG/USDT. At the same time, the platform will kick off the 269th HODLer Airdrop event, with a total airdrop amount of 37,500 MBG, and the event will end on July 22, 2025, at 14:00 ) UTC+8.
MBG is the first token supported by the MultiBank Group, a global financial institution. The MultiBank Group has total assets of $29 billion and an average daily trading volume of over $35 billion. The MBG token uses the ERC-20 standard with a total supply of 1 billion tokens, and the contract address is 0x45e02bc2875A2914C4f585bBF92a6F28bc07CB70.
The token distribution plan includes: ecosystem rewards and project 32%, MultiBank reserve 20%, team 10%, a total of 23% for four rounds of private placement, etc. Gate Labs did not participate in the MBG project investment.