According to the GXChain team, the GXChain is upgrading to REI Network. Gate will support the network upgrade and token split for users.
Split Ratio: 1 GXS=10 REI
Gate token split start date: March 8th, 2022
More details on GXChain to REI Network upgrade at Gate:
1）Gate has already closed GXS new loan in the margin trading markets. Existing GXS bowers should repay their GXS loan before March 8th, 2022.
2）Users who have GXS grid trading strategies should adjust their strategies beforehand, otherwise any active strategies will be forced terminated on March 8th.
3) Before March 8th, 4:00 AM UTC, Gate will close $GXS deposits and withdrawals.
4) Starting March 8th 4:00 AM UTC, Gate will take $GXS trading markets offline （including grid trading, margin trading and spot trading） and cancel all open orders; and then start to do token split.
5) When Gate completes the token split, we will commence $REI token trading, using the ticker $REI.The GXS tokens deposited to Gate after the split will be withdraw-able only. (The $REI trading commencement time will be announced as soon as we complete the token swap).
Important Notice: After this token split, the supply of the new token will become 10 times of the old one; and the value of the $REI token would be 1/10 of the GXS token, without considering other factors that might impact the price. Please pay close attention to the price when you place orders.
If your $GXS tokens are on Gate, you do not need to do anything in particular. After this token split, Gate will support the $REI tokens only. If you deposit the $GXS tokens to Gate, you may withdraw them to your personal wallet and swap yourself.
Deposit GXS at：https://www.gate.com/myaccount/deposit/GXS
Trade GXS at
https://www.gate.com/trade/GXS_USDT
https://www.gate.com/trade/GXS_BTC
Learn more:
https://medium.com/gxchain-project/announcement-gxc-rei-converter-is-now-open-for-token-swap-38812c1ac9bc
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March 1, 2022
