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Gate Opens Pre-IPO Phase 3 for Moonshot AI, Offering KIMI Asset Certificates

Gate Opens Pre-IPO Phase 3 for Moonshot AI, Offering KIMI Asset Certificates

What the KIMI Asset Certificates Are

" - translate heading: "Mitä KIMI-omaisuustodistukset ovat" or "KIMI-omaisuustodistusten tarkoitus". Let's use "Mitä KIMI-omaisuustodistukset ovat?" but it's a heading, so "Mitä KIMI-omaisuustodistukset ovat" without question mark? Actually it's a heading, we can keep as "Mitä KIMI-omaisuustodistukset ovat" but it's a question. In Finnish, headings can be questions. We'll do "Mitä KIMI-omaisuustodistukset ovat?" but the original doesn't have a question mark. We'll keep it as "Mitä KIMI-omaisuustodistukset ovat" - but it's fine. Then: "The certificates are Mirror Notes — contingent payout notes designed to mirror Moonshot AI's market value. Moonshot AI focuses on large language models and artificial general intelligence. Its Kimi assistant is known for long-context understanding, multimodal capabilities, and intelligent Agent technology. The subscription price ranges from $105 to $115 per share, implying a valuation of roughly $50 billion." Translation: "Todistukset ovat Mirror Notes -tyyppisiä ehdollisia maksulainoja, jotka on suunniteltu heijastamaan Moonshot AI:n markkina-arvoa. Moonshot AI keskittyy suuriin kielimalleihin ja yleiseen tekoälyyn. Sen Kimi-avustaja tunnetaan pitkän kontekstin ymmärtämisestä, monimuotoisista ominaisuuksista ja älykkäästä Agent-teknologiasta. Tilaushinta vaihtelee 105–115 dollarin välillä osakkeelta, mikä tarkoittaa noin 50 miljardin dollarin arvostusta." We need to handle "Mirror Notes" - we can keep as "Mirror Notes" or translate as "peililainat". But since it's a specific product, we can keep it in English. However, the requirement says to use appropriate Finnish terminology, but for proper nouns we keep original. "Mirror Notes" is a product name, so we can keep it. But we can also explain: "Todistukset ovat Mirror Notes -tyyppisiä ehdollisia maksulainoja" - that's fine. "contingent payout notes" - "ehdollisia maksulainoja" - that's a good translation. "large language models" - "suuret kielimallit" - standard. "artificial general intelligence" - "yleinen tekoäly" - standard. "long-context understanding" - "pitkän kontekstin ymmärtäminen" - fine. "multimodal capabilities" - "monimuotoiset ominaisuudet" - or "multimodaaliset ominaisuudet" - but "monimuotoiset" is fine. "intelligent Agent technology" - "älykäs Agent-teknologia" - keep "Agent" as is. "implying a valuation of roughly $50 billion" - "mikä tarkoittaa noin 50 miljardin dollarin arvostusta" - good. Next: "

Subscription Details and Fees

" - "Tilausyksityiskohdat ja maksut" or "Tilauksen tiedot ja palkkiot". Let's use "Tilausyksityiskohdat ja palkkiot" - but "palkkiot" is fees. Actually "fees" can be "maksut" or "palkkiot". In financial context, "palkkiot" is common. We'll use "Tilausyksityiskohdat ja palkkiot". Then: "Investors can subscribe using USDT or GUSD, with a minimum of 10,000 of either stablecoin. An underwriting service fee of 5% applies, plus a performance fee — or carry — of 20% on any excess returns. Certificates will be distributed on August 17, 2026, at 07:00 UTC, fully unlocked. They are expected to enter a dedicated market in about one month. That market charges a maker fee of 0.5%, a taker fee of 1.5%, and a secondary trading