SpaceX IPO Update: How to Choose Binance, Gate, Bitget? How to translate When writing about SpaceX IPO opening a new entrance, a kind-hearted netizen reminded: How did you forget Gate? Indeed, this wave is not just Kraken and Bybit, but Binance, Gate, and Bitget have also successively provided their own Space X update plans. So this is a separate version of the Binance/Gate/Bitget event introduction. Below is a breakdown from several dimensions: product type, quota, cost, guaranteed allocation, and direct shareholding. one ️⃣ Binance: Last day of boarding, maximum credit limit Binance caught the last train of SpaceX's IPO this time and launched a SOCXxIPO campaign with a total quota of about $50M on Binance Wallet on the last day before the listing. On the threshold of participation, the subscription limit for a single user is linked to Alpha Points: those who have points can participate, and the higher the points, the higher the subscription limit, ranging from 20000 USDC to 500000 USDC. ️ Product type: SPCXx/xStocks tokenized stock exposure New price: $135 Minimum subscription: 100 USDC Cost: 5% underwriting service fee Guaranteed allocation: Not guaranteed ️ Whether to directly hold shares: No, only price exposure, no voting rights two ️⃣ Gate: Direct to IPO, the most traditional experience for new product launches Gate is doing SpaceX IPO Access this time. Users can search for "IPO Access" or SpaceX projects within the Gate app and submit their intention to subscribe using USDT. It is more like a direct IPO portal in Gate stock accounts. If the final allocation is obtained, Gate Stocks spot shares will be received shortly after the IPO and can be traded on Gate's US stock products. The allocation rule of Gate is weighted based on the average locked in amount during the subscription period. Simply put, the earlier the lock is placed, the higher the amount, and the greater the weight, but it may still result in full, partial, or zero distribution in the end. ️ Product Type: Direct IPO/Gate Stock Account New price: $135 Minimum subscription: 100 USDC Cost: 5% underwriting service fee Guaranteed allocation: Not guaranteed, weighted allocation based on average locked amount ️ Whether to directly hold shares: Yes, the after-sales service will enter the Gate stock account three ️⃣ Bitget: The lowest threshold, but the minimum amount This time, Bitget is accessing xStocks through Bitget Wallet and opening up SPCXx subscription. Its threshold is very low, with a minimum of 10 USDC to participate, but the total limit is only 1.3 million USDC, with a maximum of 5000 USDC per account, so it is more like a small limit supplementary entrance. ️ Product type: SPCXx/xStocks tokenized stock exposure New price: $135 Minimum subscription: 10 USDC Cost: 5% underwriting service fee Guaranteed allocation: Not guaranteed ️ Whether to directly hold shares: No, only price exposure, no voting rights How should investors choose? one ️⃣ If you want to increase your credit limit, choose Binance. Binance's credit limit this time is about $50M, which is the largest among the three. But the subscription limit is linked to Alpha Points, which is suitable for users who are already browsing Alpha and have high wallet activity. However, according to on chain data, there are currently about 98 million USDC participants, with approximately 4300 participants, which is nearly double the oversubscription. The specific amount that can be divided depends on the final allocation. two ️⃣ If you want to try a small amount, you can choose Gate. If you only want to participate at low cost and don't want to take up too much capital. Gate is more suitable for small users, as its threshold is relatively low and it is not as competitive as Binance. Kind reminder: This round of SpaceX CEX renewal is almost over today!!! So if you still have plans to participate in SpaceX's IPO and launch new products, Biteye recommends choosing a Pre IPO platform based on your own funds and existing accounts.