Gate Will Support BoringDAO Split and Token Swap

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 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 token swap date: Jun 20



Gate’s BOR token redenomination and swap planning:

1. Gate 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 will close $BOR deposits and withdrawals.
   
3. Starting Jun 20th, 4:00 AM UTC, Gate will take $BOR trading offline and cancel all open orders and swap the $BOR tokens to the new $BORING tokens.
   
4. When Gate 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 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, you do not need to do anything in particular. If you want to get your old $BOR swapped effortlessly on Gate, please deposit your old $BOR token to Gate before Jun 20th.
   
   After this swap, Gate will support the new $BORING tokens only. If you deposit the old $BOR tokens to Gate, you may withdraw them to your personal wallet and swap.
   
   
   
   Deposit BOR at：https://www.gate.com/myaccount/deposit/BOR
   
   
   
   Trade BOR at
   
   https://www.gate.com/trade/BOR_USDT
   
   https://www.gate.com/trade/BOR_ETH
   
   
   
   Learn more: https://docs.boringdao.com/boring-economy/bor-contract
   
   
   
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   Jun 7, 2021
   
   
   
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