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Home Gate.io Will Support the SafeMoon (SAFEMOON) Token Migration

Gate.io Will Support the SafeMoon (SAFEMOON) Token Migration

2022-01-05 11:32:59 UTC 188702 Read
According to the SafeMoon team,the SafeMoon has started the SAFEMOON V1 to SAFEMOON V2 migration, the SAFEMOON v1 tokens will be swapped for the V2 tokens at the swap rate of 1000 V1=1V2. Gate.io will support this token swap and swap tokens for users.

Swap Ratio: 1000 SAFEMOONV1 = 1 SAFEMOONV2
For every 1000 SAFEMOON v1, you will get 1 SAFEMOON v2
Gate.io token swap starting date: in the coming days, to be determined

Below are more details on how we will swap the tokens:

1) First, Gate.io will close SAFEMOON deposits and withdrawals.
2) Then, Gate.io will take SAFEMOON trading (spot, margin and grid trading included) offline and cancel all open orders and conduct token swap.
Users who have borrowed SAFEMOON should repay the loan and close the outstanding positions beforehand.
Users who have SAFEMOON quantitative trading (grid trading included) should adjust their trading strategies beforehand.
3) Finally, When Gate.io completes the token swap, we will commence SAFEMOON V2 token trading, using ticker $SAFEMOON.

If your SAFEMOON tokens are on Gate.io, you do not need to do anything in particular.

Deposit SAFEMOON via https://www.gate.io/myaccount/deposit/SAFEMOON
Trade SAFEMOON via https://www.gate.io/trade/SAFEMOON_USDT

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