Gate.io Supports ZKSpace (ZKS) to ZKBase (ZKB) Token Migration

Announcements Gate.io Supports ZKSpace (ZKS) to ZKBase (ZKB) Token Migration

2024-01-12 07:40:49 UTC 25975 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
According to the ZKSpace (ZKS) team, the ZKSpace (ZKS) token will be swapped for ZKBase (ZKB) at a ratio of 1:1. Gate.io will provide seamless token swap services for users. If you currently hold $ZKS on Gate.io,  you don’t need to do anything in particular.

**Details:**
1) Before January 15, 2024, 06:00 A.M. UTC, Gate.io will disable new margin borrowing and crypto loan services for ZKSpace (ZKS).
2) Gate.io will suspend the deposit, withdrawal, and trading services for ZKSpace (ZKS) on January 16, 2024, 06:00 A.M. UTC, including spot trading, liquidity mining, quantitative trading, Lend & Earn, and margin trading.
3) Users who have in-progress $ZKS quantitative trading should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before January 16, 2024, 06:00 A.M. UTC.
4) Users who have assets in Lend & Earn may manually redeem them in advance. Otherwise the assets will be liquidated before January 16, 2024, 06:00 A.M. UTC.
5) Users who have outstanding $ZKS loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before January 16, 2024, 06:00 A.M. UTC.
6) Users who have provided liquidity for $ZKS in the liquidity mining pool should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed before January 16, 2024, 06:00 A.M. UTC.
7) $ZKB Token ID: 
0xBBBbbBBB46A1dA0F0C3F64522c275BAA4C332636 (ETH)

**Please note that Gate.io will not support the old $ZKS token after the swap. The listing time of the new $ZKB token will be announced later when Gate.io completes the listing review.**

Project team's announcement: https://zkbaseofficial.medium.com/zkbase-is-undergoing-a-brand-new-upgrade-and-setting-sail-again-in-2024-3d71418a10e1

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Gate.io Team
January 12, 2024

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