Gate Will Support the Tokyo AU (TOKAU) Token Swap

According to the Tokyo AU (TOKAU) team， Tokyo AU (TOKAU) is acquired by Tlabs and a new token will be issued to replace the existing tokens. Gate will support this token swap for users. If your TOKAU tokens are on Gate, you don’t need to do anything in particular.

Token swap ratio:100,000 TOKAU=1 TBS



Below are more details:

1. Gate has now closed TOKAU deposits.
   
2. Starting June 20,14:00 UTC, Gate will take TOKAU trading (spot, grid trading and liquidity mining) offline and cancel all open orders and conduct token swap.
   
   Users who have TOKAU liquidity provision should remove the liquidity beforehand.
   
   Users who have TOKAU grid trading should adjust their trading strategies beforehand.
   
3. When Gate receives the new tokens from the team we will distribute them to eligible users.
   
   
   
   Trade OKAU via https://www.gate.com/cn/trade/TOKAU_USDT
   
   Withdraw OKAU via https://www.gate.com/myaccount/withdraw/TOKAU
   
   
   
   More about the new token:
   
   New Token Name: TBS
   
   New token Issue volume: 10 billion
   
   New Contract Address:0x45fffed8d9651fe9ea0321fcc9b15ee5e052a208
   
   25% of the new token will be reserved for TOKAU’s existing holders to exchange for the new token.
   
   
   
   Learn more
   
   https://tlabs.medium.com/new-token-swapping-announcement-897ac870073e
   
   
   
   
   
   
   
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   Gate Team
   
   June 20, 2022