Gate Not Support Gather Network (GTH) to Hydro (HYD) Migration & to Delist Gather Network (GTH)

According to the Gather Network (GTH) project team, the Gather Network (GTH) token will be swapped for Hydro (HYD) at a ratio of 5 (GTH) : 1 (HYD). However, Gate is unable to provide seamless token swap service for users. Gate users will need to swap your tokens yourselves through the official swap portal provided by the project party. We apologize for not being able to offer a convenient and effortless swap service for all users, and will suspend the trading service for $GTH, including spot trading, quant trading, and liquidity mining, starting from March 22, 2024, 06:00 A.M. UTC. After the delisting, Gate will continue to offer withdrawal services for a period of 1 month.

More Details:

1. Gate has suspended the deposit service for $GTH.
2. Gate will suspend the trading service for $GTH, including spot trading, quant trading, and liquidity mining, starting from March 22, 2024, 06:00 A.M. UTC.
3. Users who have in-progress $GTH quant trading should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before March 22, 2024, 06:00 A.M. UTC.
4. Users who have provided liquidity for $GTH in the liquidity mining market should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed before March 22, 2024, 06:00 A.M. UTC.
5. For users who do not wish to participate in our buyback after the delisting, we strongly encourage you to withdraw your $GTH holdings as soon as possible to avoid any potential losses.
6. Users who still hold $GTH on Gate after April 2, 2024 can submit a form to participate in our buyback. Gate will repurchase $GTH at a price of 0.0005336 USDT. The maximum compensation amount a single user can apply for is 100 USDT.

To apply for the compensation, users should fill out the following form between April 2, 2024, 16:00 UTC and April 9, 2024, 16:00 UTC.
Link to the form: https://www.gate.com/questionnaire/4273

Please note that the $GTH token will be replaced by $HYD. Holders are advised to withdraw your $GTH token and perform the swap on the official swap channels to avoid any potential losses.

Withdraw $GTH: https://www.gate.com/myaccount/withdraw/GTH
Project Team’s Announcement: https://www.hydro.online/blog/hydro-round-up

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Gate Team
March 20, 2024