Announcements Gate.io Not Support BG Trade (BGT) to Real World Assetss (RWAS) Token Migration & to Delist BG Trade (BGT)

Gate.io Not Support BG Trade (BGT) to Real World Assetss (RWAS) Token Migration & to Delist BG Trade (BGT)

2024-01-19 08:25:54 UTC 25579 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
According to the BG Trade (BGT) project team, BG Trade (BGT) will be swapped for Real World Assetss (RWAS) at a ratio of 3:1. However, Gate.io is unable to provide seamless token swap service for users. Gate.io users will need to swap your tokens yourselves through the official swap portal provided by the project party. We apologize for not being able to offer a convenient and effortless exchange service for all users, and will suspend the trading service for $BGT, including liquidity mining and quant trading, on January 20, 2024, 06:00 A.M. UTC. After the delisting, Gate.io will continue to offer withdrawal services for a period of 1 month.

To ensure a smooth transition, users are advised to withdraw your $BGT token to your personal wallets as soon as possible.
Token swap link:
https://www.bgt.zone/bgtexchange/index#/
For detailed swap information, please refer to the project team’s announcement:
https://twitter.com/RWA_Finance_/status/1747217547718516805
https://twitter.com/RWA_Finance_/status/1747955490074849612

**More Details:**
1) Gate.io has suspended the deposit service for $BGT.
2) Gate.io will suspend the trading service for $BGT, including spot trading and quant trading, on January 20, 2024, 06:00 A.M. UTC.
3) Users who have in-progress $BGT quant trading should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before January 20, 2024, 06:00 A.M. UTC.
4) For users who do not wish to participate in our buyback after the delisting, we strongly encourage you to withdraw your $BGT holdings as soon as possible to avoid any potential losses.
5) Users who still hold $BGT on Gate.io after January 23, 2024 can submit a form to participate in our buyback. Gate.io will repurchase $BGT at a price of 0.02834 USDT. The maximum compensation amount a single user can apply for is 100 USDT.

To apply for the compensation, users are requested to fill out the following form between January 23, 2024, 16:00 UTC and January 27, 2024, 16:00 UTC.

Please note that the $BGT token will be replaced by $RWAS. Holders are advised to withdraw your $BGT token and perform the swap on the official exchange channels to avoid any potential losses.

Link to the form: https://www.gate.io/questionnaire/4039
Withdraw $BGT: https://www.gate.io/myaccount/withdraw/BGT

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Gate.io Team
January 19, 2024

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Gate.io Not Support BG Trade (BGT) to Real World Assetss (RWAS) Token Migration & to Delist BG Trade (BGT)

Gate.io Not Support BG Trade (BGT) to Real World Assetss (RWAS) Token Migration & to Delist BG Trade (BGT)

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