Gate Will Distribute New Token to Cover Holders at the Ratio of 1:1

Following the recent attack to the Cover Protocol, the Cover Protocol is going to distribute a new token based on a snapshot taken before block #11541219. At this moment, the snapshot time is not decided. Gate promises to distribute the upcoming new token to all COVER holders at the ratio of 1:1 based on snapshot time of December 30th, 4:00 AM UTC, 2020.

Gate will use the COVER ticker to represent the new token and continue providing trading service.

After the new token distribution, the old COVER token will change to COVER_OLD and can be withdrawn to a personal wallet.



Trade COVER via：https://www.gate.com/trade/COVER_USDT







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Gate Team

December 29, 2020



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