Gate Will Support the Ellipsis (EPS) to EPX Token Migration

According to the Ellipsis team，the Ellipsis token EPS is migrating to EPX. Gate will support this token migration and swap tokens for users.



Swap rate:: 1 EPS=88 EPX

EPX Token contract (BSC)

0xAf41054C1487b0e5E2B9250C0332eCBCe6CE9d71

Gate token swap start date: May 7, 2022



Below are more details:

1. Gate has now closed the EPX lending and borrowing markets. Before May 7, 2022, 4:00 AM （UTC）, Gate will close EPS deposits and withdrawals.
   
2. Starting May 7, 2022, 4:00 AM （UTC）, Gate will take EPS trading (spot, margin, and quantitative trading) offline and cancel all open orders and conduct token swap.
   
3. Users who have borrowed EPS should repay the loan and close the outstanding positions beforehand. Otherwise, the loan will be auto-repaid and the outstanding positions will be closed on May 7
   
4. Users who have EPS quantitative trading (grid trading included) should adjust their trading strategies beforehand. Any EPS quantitative trading will be canceled on May 7.
   
5. When Gate completes the token swap, we will commence $EPX token trading. The new token will use the ticker $ EPX.
   
   
   
   Important Notice:
   
   After this token swap, the value of the new $EPX token would be 1/88 that of the EPS token, without considering other factors that might impact the price. Please pay close attention to the price when you place orders.
   
   If your $EPS tokens are on Gate, you do not need to do anything in particular. If you want to get your $EPS swapped effortlessly on Gate, please deposit your $EPS token to Gate before May 7, 2022. After this swap, Gate will support the $EPX tokens only.
   
   
   
   Deposit EPS via
   
   https://www.gate.com/myaccount/deposit/EPS
   
   Trade EPS via
   
   https://www.gate.com/trade/EPS_USDT
   
   https://www.gate.com/trade/EPS_ETH
   
   Learn more
   
   https://docs.ellipsis.finance/ellipsis-2.0/migrating-eps-to-epx
   
   https://ellipsisfinance.medium.com/a-new-ellipsis-97353377b2b9
   
   
   
   
   
   
   
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   Gate Team
   
   April 25, 2022