Gate.io Has Enabled Deposit of Polkadot’s（IOU）DOT and Will Support Split of 100X

Announcements Gate.io Has Enabled Deposit of Polkadot’s（IOU）DOT and Will Support Split of 100X

2020-08-18 12:42:45 UTC 81185 Read

Polkadot blockchain restarted the transfers on August 19th, 2020 (UTC+8). DOT deposits have been enabled on Gate.io immediately. Users are able to deposit DOT at https://www.gate.io/myaccount/deposit/DOT

Gate.io also supports Spot trading, Margin trading and Borrowing & Lending of DOT:
Spot and Margin trading: https://www.gate.io/trade/DOT_USDT
Borrowing & Lending: https://www.gate.io/margin/lend/DOT

It’s expected that Polkadot’s 'Denomination Day' will be on the 21st of August. By then, the split will be conducted automatically by Gate.io.

Below are the details on Spot, Margin, Perpetual Contract trading and Borrow & Lending, of （IOU）DOT （old） during the 100X split:
1) Auto-borrowing of （IOU）DOT （old） after 4:00 AM GMT on August 7th, 2020 was suspended. Users who had borrowed DOT via Margin Trading must have the amount paid back by then or a forced position liquidation might occur.

2) Opening positions after 4:00 AM GMT on August 16th, 2020 was suspended, closing positions was allowed; please close your positions before 4:00 AM GMT on August 21st, 2020, or a forced position liquidation might occur.

3) Lending orders will not be subject to the split changes; the fund in users’ Lending orders will be counted into their Spot account entirely.

4) （IOU）DOT （old） deposits and withdrawals will be suspended from August 21st, 2020 to August 22nd, 2020 until the split finishes.

5) （IOU）DOT （old） Spot, Margin, and Perpetual Contract Trading will be suspended from August 21st, 2020 to August 22nd, 2020 until the split finishes and all related orders will be cancelled during this time span.

6) From August 22nd, 2020 to August 23rd, 2020, the（IOU）DOT ）amount in Gate.io users’ account will be increased to be 100 times the previous balance so as to implement the 100X split.

7) （IOU）DOT （old） Spot, Margin, and Perpetual Contract Trading will be resumed from August 22nd, 2020 to August 23rd, 2020 after the split is finished.

*Please note that the New（IOU）DOT amount in Gate.io users’ Spot account will be 100X larger than the previous balance. The amount of their Perpetual Contracts and Borrowing & Lending orders will not be affected. After the trading of New DOT has commenced on Gate.io, the price of the token will see a dramatic change (new price is expected to be 1% of the old one). Users should be cautious when placing orders after the split.

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Spot Trading on Gate.io (200+ tokens):https://www.gate.io/trade/BTC_USDT
Margin Trading on Gate.io (Long or Short):https://www.gate.io/margin_trade/BTC_USDT
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