Announcements Gate.io Supports Revomon (REVO) Token Migration and to Delist Revomon (REVO)

Gate.io Supports Revomon (REVO) Token Migration and to Delist Revomon (REVO)

2023-10-13 16:46:38 UTC 20586 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
According to the Revomon (REVO) team, Revomon (REVO) underwent a 1:1 token migration based on a snapshot taken on July 2, 2023, 12:00 P.M. UTC. However, for some addresses meeting the airdrop conditions, the project team did not execute the airdrop as expected. This includes two abnormal cases:
1) Addresses that met the airdrop conditions but received a 100:1 airdrop ratio (Address: https://etherscan.io/address/0x1323***24c569) 
2) Addresses that met the airdrop conditions but did not receive the airdrop (Address: https://bscscan.com/address/0x1b78***02bacf).
Despite multiple attempts to address these abnormal airdrop situations through communication, the project team did not cooperate, which prevents Gate.io from conducting a 1:1 airdrop to users.
Project team's airdrop: 2,137,301.46 
Gate.io balance: 3,935,472.966692620239338378
Based on the ratio of the project team's new token airdrop to Gate.io's balance of old tokens, Gate.io will airdrop new tokens to users at a ratio of 1 (old): 0.54 (new)
. Since this ratio falls short of 1:1, Gate.io will use its own funds to compensate users with the equivalent value in USDT based on the seven-day average closing price at the time of the announcement. Gate.io users do not need to take any specific actions to complete the swap.

After the airdrop is completed, Gate.io will no longer support new REVO tokens but will provide users with a one-month window for withdrawals.

Details:
1) Gate.io has already closed the deposit and withdrawal services for Revomon (REVO).
2) Gate.io will suspend the trading services for Revomon (REVO), including spot trading, liquidity mining, and quant trading, on October 16, 2023, 06:00 A.M. UTC.
3) Users who have in-progress Revomon (REVO) quant trading should adjust your trading strategies beforehand. Otherwise, the strategies will be terminated automatically before October 16, 2023, 06:00 A.M. UTC.
4) Users who have provided liquidity for Revomon (REVO) in the liquidity mining pool should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed before October 16, 2023, 06:00 A.M. UTC.

Please note that after the airdrop is completed, Gate.io will provide a one-month withdrawal service for new REVO tokens. Users are encouraged to withdraw new REVO tokens to your personal wallets as soon as possible to avoid any losses.

Project teams’s announcement: https://twitter.com/RevomonVR/status/1686710721986297856?s=20

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Gate.io Team
October 14,2023

Gate.io Supports Revomon (REVO) Token Migration and to Delist Revomon (REVO)

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