Gate Supports GuildFi (GF) to Zentry (ZENT) Token Migration

According to the GuildFi (GF) project team, the GuildFi (GF) token would undergo a migration to the new Zentry (ZENT) token at a ratio of 1:10. Gate will support the migration and will provide seamless token swap services for users. Users holding GuildFi (GF) on Gate are not required to take any specific actions.

Details:

1. Gate will disable new margin borrowing and crypto loan services for $GF before April 27, 2024, 08:00 A.M. UTC.
2. Users who have ongoing trades in the futures trading market are encouraged to adjust your strategies in advance. From April 27, 2024, 08:00 A.M. UTC, the GF/USDT futures trading market will switch to a "Reduce-only" mode.
3. On April 28, 2024, 08:00 A.M. UTC, Gate will automatically settle open positions at the average index price in the half-hour before the futures trading stops. Any outstanding orders will be canceled automatically. Users with open positions in the futures market should adjust your strategies and close positions before April 28, 2024, 08:00 A.M. UTC to avoid automatic settlement.
4. Starting from April 30, 2024, 03:00 A.M. UTC, Gate will suspend the deposit, withdrawal, and trading services for $GF, including quant grid trading, liquidity mining, Simple Earn, and margin trading.
5. Users who have ongoing $GF quant grid trading should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before April 30, 2024, 03:00 A.M. UTC.
6. Users who have provided liquidity for $GF in the liquidity mining market should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed before April 30, 2024, 03:00 A.M. UTC.
7. Users who have assets in Simple Earn may manually redeem them in advance. Otherwise the assets will be liquidated before April 30, 2024, 03:00 A.M. UTC.
8. Users who have outstanding $GF loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before April 30, 2024, 03:00 A.M. UTC.

Please note that Gate will no longer support the old $GF token after the swap. The listing time for the new $ZENT token will be announced separately after Gate completes the listing review.

Official Sources:
https://twitter.com/GuildFiGlobal/status/1782751808907346240
https://medium.com/zentry/introducing-zentry-the-gaming-superlayer-60ab6c9f8c90

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Gate Team
April 26th, 2024