Announcements Gate.io Will Support the Polymath Network (POLY) to POLYX Token Migration

Gate.io Will Support the Polymath Network (POLY) to POLYX Token Migration

2023-01-31 03:15:35 UTC 24275 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
According to the Polymath Network announcements， POLY is migrating to POLYX tokens. Gate.io will support this token swap and swap tokens for users.

Conversation Ratios:
1POLY= POLYX

Below are more details:
Before January 31, 2023, 6:00 AM （UTC）, Gate.io will close new POLY margin borrowing, new POLY crypto loan.

1) On February 6, 2023, 04:00 AM （UTC), Gate.io will take POLY trading (spot, margin, and quantitative) offline and cancel all open orders.
2) Before February 6, 2023, 06:00 AM （UTC), Gate.io will close POLY lending and borrowing, and crypto loan. 
3) Starting  February 6, 2023, 04:00 AM （UTC), Gate.io will long longer support POLY deposits and withdrawals.

Users who have POLY quantitative trading (grid trading included) should adjust their trading strategies beforehand.Any POLY quantitative trading will be cancelled on February 6.
Users who have provided POLY liquidity in the liquidity pools should remove their liquidity beforehand, otherwise will be forced removed on October 9.
Users who have outstanding POLY loan and crypto loan should repay their loan beforehand, otherwise their outstanding loans will be automatically settled on February 6.
4)When Gate.io completes the POLY to POLYX token swap, we will commence POLYX token trading. The token will use the ticker $POLYX. (The POLYX’s  trading commencement time will be announced later)

Learn more: https://polymesh.network/blog/polymesh-mainnet-is-live
https://community.polymesh.live/hc/en-us/articles/4407509196690-How-to-Use-POLY-to-POLYX-Bridge

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Gate.io Team
January 31，2023

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Gate.io Will Support the Polymath Network (POLY) to POLYX Token Migration

Gate.io Will Support the Polymath Network (POLY) to POLYX Token Migration

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