Gate Supports Covalent (CQT) to Covalent (CXT) Token Migration

According to the Covalent (CQT) project team, Covalent (CQT) tokens will be migrated to Covalent (CXT) at a ratio of 1:1. Gate will facilitate this migration and provide seamless token swap services for users. If you currently hold Covalent (CQT) on Gate, no action is required on your part.

Details:

1. Gate 1) has closed the deposit, withdrawal, new margin borrowing and crypto loan services for Covalent (CQT).
2. Starting from July 11, 2024, 12:00 P.M. UTC, Gate will suspend the trading services for Covalent (CQT), including spot trading, quant grid trading, Simple Earn, and margin trading.
3. Users with ongoing Covalent (CQT) quant grid trading should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before July 11, 2024, 12:00 P.M. UTC.
4. Users with assets in Simple Earn may manually redeem them in advance. Otherwise, the assets will be liquidated before July 11, 2024, 12:00 P.M. UTC.
5. Users with outstanding Covalent (CQT) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before July 11, 2024, 12:00 P.M. UTC.
6. New Covalent (CXT) Token ID: https://etherscan.io/token/0x7ABc8A5768E6bE61A6c693a6e4EAcb5B60602C4D (ETH)

Please note that Gate will no longer support Covalent (CQT) tokens. The listing time for new Covalent (CXT) tokens will be announced separately after Gate completes the listing review.

Official Source: https://www.covalenthq.com/blog/day-zero-of-the-new-dawn-welcome-cxt/

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Gate Team
July 11, 2024