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Gate.io Will Support BoringDAO Split and Token Swap

2021-06-07 11:04:39Read:71020

According to the BoringDAO team, the BoringDAO is migrating their tokens from $BOR to $BORING, at the ratio of 1 $BOR : 10,000 $BORING. Gate.io will support the token redenomination and will swap the old $BOR tokens for new $BORING tokens for users.

Swap Ratio: 1:10,000
Old token ($BOR) contract
0x3c9d6c1C73b31c837832c72E04D3152f051fc1A9 (ERC20)
The New token ($BORING )contract :
0xBC19712FEB3a26080eBf6f2F7849b417FdD792CA (ERC20)
0xffEecbf8D7267757c2dc3d13D730E97E15BfdF7F (BEP20)
Gate.io token swap date: Jun 20

Gate.io’s BOR token redenomination and swap planning:

1) Gate.io has already closed $BOR loan in the margin trading markets. Existing $BOR borrowers should repay their BOR loan before Jun 20th .
2) Starting Jun 20th 1:00 AM UTC, Gate.io will close $BOR deposits and withdrawals.
3) Starting Jun 20th, 4:00 AM UTC, Gate.io will take $BOR trading offline and cancel all open orders and swap the $BOR tokens to the new $BORING tokens.
3) When Gate.io completes the token swap, we will commence new $BORING token trading . The new token will use the ticker $ BORING .The old tokens deposited to Gate.io after the swap will be credited as $BOR. (The $BORING trading commencement time will be announced as soon as we complete the token swap).

Important Notice: After this token swap, the value of the new $BORING token would be 1/10000 that of the old BOR token, without considering other factors that might impact the price. Please pay close attention to the price when you place orders.

If your $BOR tokens are on Gate.io, you do not need to do anything in particular. If you want to get your old $BOR swapped effortlessly on Gate.io, please deposit your old $BOR token to Gate.io before Jun 20th.
After this swap, Gate.io will support the new $BORING tokens only. If you deposit the old $BOR tokens to Gate.io, you may withdraw them to your personal wallet and swap.

Deposit BOR at:https://www.gate.io/myaccount/deposit/BOR

Trade BOR at

Learn more: https://docs.boringdao.com/boring-economy/bor-contract

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
Jun 7, 2021

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