According to the MicroChains Gov Token (MCG) team, $MCG tokens will be migrated to new LENA (LENA) tokens on a 1:1 ratio based on a snapshot to be taken on September 25, 2023, 16:00 UTC. Gate firmly supports the migration and will facilitate the seamless token swap for our users. If your $MCG tokens are currently on Gate, you don’t need to do anything in particular.
Snapshot Time: September 25, 2023, 16:00 UTC
Swap Ratio: 1:1
Details:
- Gate will suspend the deposit, withdrawal, and trading services for $MCG, including spot trading, liquidity mining, and quantitative trading, starting from September 24, 2023, 03:00 UTC.
- Users who have in-progress $MCG quantitative trading should adjust your trading plans beforehand. Otherwise, the plans will be terminated automatically before September 24, 2023, 03:00 UTC.
- Users who have provided liquidity for $MCG in the liquidity mining market should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed before September 24, 2023, 03:00 UTC.
- New contract address for $LENA:
0xfE38Fd8d710b0Ad367f60cB9fc4DE5e7Ba95633b (ETH)
Gate will no longer support $MCG tokens. The listing time of $LENA will be announced later when Gate completes the listing review.
Project team’s announcement: https://twitter.com/MicroChainsCbtc/status/1705122492120277298
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Gate Team
September 22,2023
