Announcements Gate.io Not Support LGCY Network (LGCY) to LGCY Network (LGXY) Migration & to Delist LGCY Network (LGCY)

Gate.io Not Support LGCY Network (LGCY) to LGCY Network (LGXY) Migration & to Delist LGCY Network (LGCY)

2024-04-23 11:09:32 UTC 16838 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
[According to the LGCY Network (LGCY) project team](https://lgcynetwork.medium.com/trans-lgxy-565833b3e068 "According to the LGCY Network (LGCY) project team"), LGCY Network (LGCY) will be swapped for LGCY Network (LGXY) at a ratio of 1:1. However, [Gate.io](https://www.gate.io "Gate.io") regrets to inform users that it cannot provide a seamless token swap service. We apologize for any inconvenience this may cause. Notably, [Gate.io](https://www.gate.io "Gate.io") has halted the trading service for $LGCY, including spot trading, quant grid trading, and liquidity mining, but will continue to offer withdrawal services for a period of 1 month.

Key Details:
1)[ Gate.io](https://www.gate.io " Gate.io") has suspended the deposit and trading services for $LGCY.
2) [Gate.io](https://www.gate.io "Gate.io") will suspend the quant gird trading for $LGCY from April 24, 2024, 06:00 A.M. UTC. 
3) Users who have in-progress $LGCY quant grid trading should adjust their trading strategies beforehand. Otherwise, the trades will be terminated automatically before April 24, 2024, 06:00 A.M. UTC.
4) Users providing liquidity for $LGCY in the liquidity mining market should withdraw their liquidity in advance. Otherwise the liquidity will be automatically redeemed before April 24, 2024, 06:00 A.M. UTC.
5) Users unwilling to participate in the buyback after delisting are advised to withdraw their $LGCY holdings as soon as possible to avoid any potential losses.
6) Users who still hold $LGCY on Gate.io after May 7, 2024 can apply for a buyback by filling out a form. [Gate.io](https://www.gate.io "Gate.io") will repurchase $LGCY at a price of 0.0000236 USDT, with a maximum compensation limit of 100 USDT per user.

To apply for compensation, users must fill out the provided form between May 7, 2024, 16:00 UTC and May 14, 2024, 16:00 UTC.
Form Link: https://www.gate.io/questionnaire/4422

Please note that the $LGCY token will be replaced by $LGXY. Holders are strongly advised to withdraw their $LGCY token to avoid any potential losses.

Withdraw $LGCY：https://www.gate.io/myaccount/withdraw/LGCY
Official Source: https://lgcynetwork.medium.com/trans-lgxy-565833b3e068

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Gate.io Team
April 23th, 2024

Gate.io Not Support LGCY Network (LGCY) to LGCY Network (LGXY) Migration & to Delist LGCY Network (LGCY)

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