Gate Supports Kaia (KLAY) Rebranding to Kaia (KAIA)

Gate will support the rebranding of Kaia (KLAY) to Kaia (KAIA). As part of this process, Gate will suspend the deposit, withdrawal, and trading services for Kaia (KLAY), including KLAY_USDT spot trading pair, KLAY3S and KLAY3L leveraged tokens, quant grid trading, Simple Earn, and margin trading, starting from October 26, 2024, 03:00 UTC. After the rebranding, Kaia will be relisted on Gate with the new trading symbol KAIA, and KLAY3S and KLAY3L leveraged tokens will be relisted on Gate with the new trading symbols KAIA3S and KAIA3L.

Details:

1. Gate will disable new margin borrowing and crypto loan services for Kaia (KLAY) before October 23, 2024, 08:00 UTC.
2. Users with ongoing trades in the futures trading market are encouraged to adjust your strategies in advance. From October 24, 2024, 08:00 UTC, the KLAY_USDT futures trading market will switch to a "Reduce-only" mode.
3. On October 25, 2024, 08:00 UTC, Gate will automatically settle open positions at the average index price in the half-hour before the futures trading stops. Any outstanding orders will be canceled automatically. Users with open positions in the futures market should adjust your strategies and close positions before October 25, 2024, 08:00 UTC to avoid automatic settlement.
4. Starting from October 26, 2024, 03:00 UTC, Gate will suspend the deposit, withdrawal, and trading services for Kaia (KLAY), including KLAY_USDT spot trading pair, KLAY3S and KLAY3L leveraged tokens, quant grid trading, Simple Earn, and margin trading.
5. Users with ongoing Kaia (KLAY) quant grid trading should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before October 26, 2024, 03:00 UTC.
6. Users with assets in Simple Earn may manually redeem them in advance. Otherwise, the assets will be liquidated before October 26, 2024, 03:00 UTC.
7. Users with outstanding Kaia (KLAY) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before October 26, 2024, 03:00 UTC.

It is important to note that this rebranding is merely a change in name and does not involve any blockchain migration.
Gate users do not need to take any specific action.

Deposit KLAY: https://www.gate.com/myaccount/deposit/KLAY
Trade KLAY: https://www.gate.com/trade/KLAY_USDT

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Gate Team
Oct 22nd, 2024