Gate Will Not Support SaitaChain (STCHAIN) Token Swap and Will Delist Trading Market

We have received notification from the SaitaChain (STCHAIN) team that the STCHAIN token will be swapped to the new ReZor (RZR) token at a 1:1 ratio. The specific snapshot time will be announced by the project team in due course. Please note that Gate will not support the automatic token swap. Users are required to complete the token swap via the designated channels provided by the project team (please refer to the project’s subsequent official announcements for details). We sincerely apologize for any inconvenience caused by not providing a seamless token swap service. Given the nature of this swap, we strongly advise users to withdraw STCHAIN tokens to your personal wallet and complete the swap independently before the deadline specified by the project team, in order to avoid any potential losses. After delistiing the trading market, Gate will continue to provide withdrawal services for users and the deadline is June 2, 2025.

Details:

1. Gate has suspended the deposit service for SaitaChain (STCHAIN).
2. Gate will delist the trading market for SaitaChain (STCHAIN) at 3:00 on May 2, 2025 UTC, including the STCHAIN_USDT spot trading pair and the grid trading.
3. If users have any ongoing quantitative trading strategies, please adjust them in advance. Otherwise, they will be forcibly stopped before 3:00 on May 2, 2025 UTC.
4. After the SaitaChain (STCHAIN) trading market is delisted, if users do not wish to participate in the buyback, please withdraw your tokens promptly and complete the swap through the channels designated by the project team (please refer to the project’s subsequent official announcements for details) to avoid any losses.
5. After 16:00 on May 15, 2025 UTC, users holding SaitaChain (STCHAIN) on Gate can submit a form to apply for a buyback. Gate will conduct the buyback at a price of 0.00004118 USDT, with a maximum compensation limit of 1000 USDT per person.
6. Users need to fill out the following form and submit the application between 16:00 on May 15, 2025 UTC and 16:00 on May 22, 2025 UTC.

Form Link: https://www.gate.com/questionnaire/6621

Please note that the STCHAIN token will be replaced by the new RZR token. We recommend users withdraw your STCHAIN tokens as soon as possible and wait for the project team's subsequent progress on the token swap and the specific swap methods. We understand this change may cause some inconvenience and sincerely apologize for any disruption caused. We are committed to ensuring a smooth swap process and will provide timely updates as needed. Thank you for your support and trust in Gate. If you have any questions or need assistance, please feel free to contact our customer service team.

For more details, please refer to the project’s official announcement: https://x.com/Rezor_Official/status/1914261502233629129

Withdraw SaitaChain (STCHAIN): https://www.gate.com/myaccount/withdraw/STCHAIN

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