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Home Gate.io Will Support the xDAI STAKE (STAKE) to Gnosis (GNO) Token Swap

Gate.io Will Support the xDAI STAKE (STAKE) to Gnosis (GNO) Token Swap

2022-01-05 09:46:28 UTC 42640 Read
According to the xDA team, the Gnosis and the xDAI community should merge their tokens and together develop the xDAI Blockchain under the name “Gnosis Chain” . The STAKE token will be swapped for GNO at a fixed rate of 1 STAKE = 0.0326292707 GNO. Gate.io will support this token swap and swap tokens for users.

Swap Ratio: 1 STAKE = 0.0326292707 GNO
For every 1 STAKE, you will get 0.0326292707 GNO
Gate.io token swap starts: Jan 19, 2022

Below are more details:

1) Starting Jan 19, 2022 at 2:00 AM (UTC), Gate.io will close STAKE (STAKE) deposits and withdrawals.
2) Starting Jan 19, 2022 at 4:00 AM (UTC), Gate.io will take STAKE (STAKE) trading (spot, margin and grid trading included) offline and cancel all open orders and conduct token swap.
3) Users who have borrowed STAKE should repay the loan and close the outstanding positions beforehand. Otherwise, the loan will be auto-repaid and the outstanding positions will be closed on Jan 19.
4) Users who have STAKE (STAKE) quantitative trading(grid trading included) should adjust their trading strategies beforehand. Any STAKE (STAKE) quantitative trading will be cancelled on Jan 19.
5) When users get the GNO tokens after the swap, they can trade them on the GNO markets.


If your STAKE tokens are on Gate.io, you do not need to do anything in particular. If you want to get your STAKE tokens swapped effortlessly on Gate.io, please deposit your STAKE token to Gate.io before Jan 19, 2022. After this swap, Gate.io will not support STAKE tokens any longer. If you deposit the STAKE tokens to Gate.io, you may withdraw them to your personal wallet and swap.

Deposit STAKE via https://www.gate.io/myaccount/deposit/STAKE
Trade STAKE via https://www.gate.io/trade/STAKE_USDT


Learn more
https://forum.gnosis.io/t/gip-16-gnosis-chain-xdai-gnosis-merge/1904

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