Gate Supports Props Token (PROPS) Renaming

Gate will implement the renaming of Props Token (PROPS) to Props Token (PROPSTOKEN) and plans to take the withdrawal and trading services for Props Token (PROPS) offline on April 16, 2024, 08:00 A.M. UTC. After the renaming is completed, Props Token will be relisted with the new token symbol PROPSTOKEN.

Details:

1. Gate has suspended the deposit service for Props Token (PROPS).
2. Before April 16, 2024, 08:00 A.M. UTC, Gate will disable new margin borrowing service for Props Token (PROPS).
3. On April 16, 2024, 08:00 A.M. UTC, Gate will suspend the withdrawal and trading services for Props Token (PROPS), including spot trading, quant grid trading, Simple Earn, and margin trading.
4. Users who have ongoing Props Token (PROPS) quant grid trading should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before April 17, 2024, 06:00 A.M. UTC.
5. Users who have assets in Simple Earn may manually redeem them in advance. Otherwise the assets will be liquidated before April 17, 2024, 06:00 A.M. UTC.
6. Users who have outstanding Props Token (PROPS) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before April 17, 2024, 06:00 A.M. UTC.

This renaming is merely a change in name and does not involve any blockchain migration.
Gate users don’t need to do anything in particular. If you wish to have your Props Token (PROPS) renamed on Gate, please deposit Props Token (PROPS) on our platform.

Deposit $PROPS：https://www.gate.com/myaccount/deposit/PROPS
Trade $PROPS：https://www.gate.com/trade/PROPS_USDT

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Gate Team
April 15th, 2024