Gate Supports BitDAO (BIT) to Mantle (MNT) Token Migration

According to the BitDAO (BIT) team, BitDAO (BIT) will be migrated to Mantle (MNT) at a ratio of 1:1. Gate fully supports the migration and will swap tokens for users. If your BitDAO (BIT) tokens are currently on Gate, you don’t need to do anything in particular.

Details:

1. Before July 20, 2023, 03:00 A.M. UTC, Gate will disable new margin borrowing and crypto loan services for BitDAO (BIT).
2. On July 27, 2023, 03:00 A.M. UTC, Gate will suspend the deposit, withdrawal, and trading services for BitDAO (BIT), including liquidity mining, quant trading, Lend & Earn, and margin trading.
3. Users who have in-progress BitDAO (BIT) quant trading should adjust their trading strategies beforehand. Otherwise, the strategies will be terminated automatically by July 27, 2023, 03:00 A.M. UTC.
4. Users who still hold assets in Lend & Earn may manually redeem them in advance. Otherwise the assets will be liquidated by July 27, 2023, 03:00 A.M. UTC.
5. Users who have outstanding BitDAO (BIT) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically by July 27, 2023, 03:00 A.M. UTC.
6. Users who have provided liquidity for BitDAO (BIT) in the liquidity mining pool should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed by July 27, 2023, 03:00 A.M. UTC.

New MNT contract address: 0x3c3a81e81dc49A522A592e7622A7E711c06bf354 (ETH)

Please note that Gate will not support BitDAO (BIT) after the swap. The listing time of Mantle (MNT) will be announced later when Gate completes the listing review.

If you wish to participate in the swap, please deposit BIT tokens before July 27, 2023, 03:00 A.M. UTC.

Deposit BIT:
https://www.gate.com/myaccount/deposit/BIT

Project Team Announcement:
https://snapshot.org/#/bitdao.eth/proposal/0x950dac4d5715b8aa8eab29c484b1c9dd0eed161141262b0425874f65be4d9f8e

Gateway to Crypto
Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate

Sign up to enter the crypto gateway and get 40% commission from referrals

Download iOS/Android App right now.

Reach out to us!
Twitter: https://twitter.com/gate_io
GateVIP Twitter:https://twitter.com/Gateio_Inst
Telegram: https://t.me/gate_zh
API Telegram: https://t.me/gateioapi
Instagram: https://www.instagram.com/gateioglobal
Medium: https://gateio.medium.com/
Podcast: https://gateio.buzzsprout.com/?ch=buzzs

Gate Team
July 13,2023