Gate P2P Now Supports Two Reference Prices for Floating Price Ads

Calling all P2P merchants!

We're glad to announce that we have enabled two reference prices for the floating price function for P2P ads. With this new change, merchants can choose the reference price based on their needs and maximum the profits.

Two reference prices:

1. Platform Reference Price: Calculated by weighting the P2P order books of multiple exchanges.
2. Spot Reference Price: Obtained from exchange rate data from multiple central banks worldwide. Reminder: If you are using Gate APP, please make sure to update your APP version to the latest to see this change.

How to switch the reference price?

1. Go to P2P and post an advertisement
2. Select [Float price] and click on the switch icon beside [Platform Reference Price]
3. Choose the reference price you prefer and follow the next steps to finish posting the ad

Frequently Asked Questions:

1. What are Fixed Price advertisements? The price of fixed-price ads is fixed and does not move with the crypto market price.
2. What are Floating Price Advertisements? The price of floating-price ads fluctuates with the market and is refreshed every 5 minutes.
3. What is the Floating Percentage? The Floating Percentage is the premium the ad publisher charges to calculate the price they would like to buy/sell their assets.
4. Can you provide an example to show the difference between fixed price and float price?
   • Fixed price includes the price of the Fiat currency you choose and the profit you want to earn. For example, if you plan to trade the RUB/USDT trading pair and the reference price of RUB is 72, and you would like to earn 5% profit (3.6), you would set up a fixed price of 75.6.
   • On the other hand, the floating price will fluctuate with the reference price, with pricing that refreshes every 5 minutes. For example, if you want to buy the asset at a lower price, you can set up an ad with a floating price margin of 10% (pricing formula: 72 x 90% = 63). *The highest floating percentage you can set is 20%.

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Gate.io Team September 13th, 2024