Gate Will Support the SafeMoon (SAFEMOON) Token Migration

According to the SafeMoon team，the SafeMoon has started the SAFEMOON V1 to SAFEMOON V2 migration, the SAFEMOON v1 tokens will be swapped for the V2 tokens at the swap rate of 1000 V1=1V2. Gate will support this token swap and swap tokens for users.



Swap Ratio: 1000 SAFEMOONV1 = 1 SAFEMOONV2

For every 1000 SAFEMOON v1, you will get 1 SAFEMOON v2

Gate token swap starting date: in the coming days, to be determined





Below are more details on how we will swap the tokens:

1. First, Gate will close SAFEMOON deposits and withdrawals.
   
2. Then, Gate will take SAFEMOON trading (spot, margin and grid trading included) offline and cancel all open orders and conduct token swap.
   
   Users who have borrowed SAFEMOON should repay the loan and close the outstanding positions beforehand.
   
   Users who have SAFEMOON quantitative trading (grid trading included) should adjust their trading strategies beforehand.
   
3. Finally, When Gate completes the token swap, we will commence SAFEMOON V2 token trading, using ticker $SAFEMOON.
   
   
   
   
   
   If your SAFEMOON tokens are on Gate, you do not need to do anything in particular.
   
   
   
   Deposit SAFEMOON via https://www.gate.com/myaccount/deposit/SAFEMOON
   
   Trade SAFEMOON via https://www.gate.com/trade/SAFEMOON_USDT
   
   
   
   
   
   Learn more
   
   https://twitter.com/safemoon/status/1470078043469275141