Gate Supports DeRace (DERC) to zkRace (ZERC) Token Migration

According to the DeRace (DERC) project team, the DeRace (DERC) token will be swapped for zkRace (ZERC) at a ratio of 1:1. Gate will provide seamless token swap services for users. Users holding DeRace (DERC) on Gate do not need to take any specific actions.

Details:

1. Gate will suspend the deposit, withdrawal, and trading services for $DERC, including spot trading, liquidity mining, and quant grid trading, starting from May 16, 2024, 08:00 A.M. UTC.
2. Users who have in-progress $DERC quant grid trading should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before May 16, 2024, 08:00 A.M. UTC.
3. Users who have provided liquidity for $DERC in the liquidity mining market should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed before May 16, 2024, 08:00 A.M. UTC.
4. $ZERC Token ID:
   0xf8428A5a99cb452Ea50B6Ea70b052DaA3dF4934F (ETH)

Please note that Gate will no longer support the $DERC token after the swap. The listing time for $ZERC will be announced separately after Gate completes the listing review.

Official Source: https://zkrace.medium.com/welcome-to-the-new-era-zkrace-emerges-from-derace-250ddd829c41

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Gate Team
May 15th, 2024