During the first phase of the event, we received enthusiastic participation and valuable feedback from many users. The event was originally planned to run across five phases throughout the year. However, with the upcoming brand upgrade of Gate Wallet and the launch of our brand-new Ecosystem Week series, we have decided to bring the F1 Victory Race event to an early conclusion. This change will allow us to better allocate resources and align with our evolving ecosystem strategy, offering users more diverse and interactive reward experiences.

To show our appreciation, we will be distributing rewards to the top 20 users in the current overall points ranking. At the same time, a refreshed ecosystem incentive campaign will officially launch in mid-June.

Reward Details:

• Ranking scope: Based on users’ total points as of June 2025
• Reward recipients: Top 20 addresses by total points
• Total reward pool: Originally set at 5,900 USDT for the full year; adjusted proportionally for one completed phase, totaling 1,180 USDT
• Distribution time: Rewards will be distributed within 7 working days after the publication of this announcement

For details on the reward distribution for the phase-1 of the event, please refer to this announcement:
https://www.gate.com/announcements/article/44999

Gate Team
Jun 03rd, 2025

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