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    Gate.io Will Support COCOS 1: 1000 Reverse Split

    Creation Time:2021-01-18 10:54:36 UTCRead:65649

    According to Cocos-BCX team, the COCOS is going to have a mainnet upgrade and a 1: 1000 reverse split. The 1000 COCOS(old) will be swapped for 1 new COCOS. Learn more details at: https://shimo.im/docs/tgrxgHKpy89Qjtkg/

    We will conduct the reverse split for our users. You don’t have to do anything in particular. Below you will find how we will do it:

    1)The COCOS trading will be suspended starting from around 4:00 AM UTC January 19th, 2021 for the reverse split. Any open orders will be canceled.
    2) The COCOS Deposits and withdrawals will be temporarily suspended during the process.
    3) Gate.io will credit users 1 COCOS for every 1000 COCOS they are holding. The new COCOS will continue to use the symbol ticker COCOS.
    4) After the reverse split(estimated at 10:00 AM UTC January 19th, 2021), Gate.io will resume trading with the new COCOS.
    Please note,after the reverse split is completed, the new COCOS’ value is expected to be 1000 times of that before the reverse split, without considering other factors that may impact the price. Please pay attention to the price changes when you placing order.

    The COCOS/USDT market: https://www.gate.io/trade/COCOS_USDT

    Learn more: https://shimo.im/docs/tgrxgHKpy89Qjtkg/read

    Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.

    Gate.io Team
    January 18, 2021

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