Gate.io Completed LINK (LN) Mainnet Transition and to Rename LINK (LN) to FINSCHIA (FNSA)

Duyurular Gate.io Completed LINK (LN) Mainnet Transition and to Rename LINK (LN) to FINSCHIA (FNSA)

2023-06-02 06:30:57 UTC 11050 Okundu

[//]:content-type-MARKDOWN-DONOT-DELETE
According to the LINK (LN) project team, the mainnet upgrade was successfully completed on May 25, 2023, 14:30 p.m. UTC, starting with 55,791,218 block height. Gate.io has completed the mainnet transition and, as per the project team's request, will be renaming LINK (LN) to FINSCHIA (FNSA).

Gate.io plans to implement the renaming from LN to FNSA on June 6, 2023, 03:00 a.m. UTC. During this time, Gate.io will suspend the deposit, withdrawal, and trading services for LINK (LN), including quantitative trading and liquidity mining. After the renaming is completed, FINSCHIA (FNSA) will be listed as the new token symbol.

**Details:**
1) Starting from June 6, 2023, 03:00 a.m. UTC, Gate.io will suspend deposit, withdrawal, and trading services for LN, including quantitative trading and liquidity mining.
2) Users who have active quantitative trading strategies should make the necessary adjustments beforehand. Otherwise, these strategies will be automatically terminated by June 6, 2023, 03:00 a.m. UTC.
3) Users who have provided liquidity for LN in the liquidity mining market are advised to withdraw their liquidity in advance. Otherwise the liquidity will be automatically redeemed by June 6, 2023, 03:00 a.m. UTC.

It is important to note that the renaming does not involve any blockchain migration. 
Currently, Gate.io already supports the upgraded mainnet and will no longer support deposits for the old chain or the old coin.

Official Announcement: https://medium.com/lineblockchain/announcing-the-successful-transition-to-the-3rd-generation-mainnet-finschia-b773d57eee41

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Gate.io Team
June 2,2023

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