Announcements Gate.io Supports Dypius (DYP) Token Migration

Gate.io Supports Dypius (DYP) Token Migration

2023-11-29 08:01:11 UTC 20016 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
According to the Dypius (DYP) team, $DYP tokens would be migrated to a new ID at a ratio of 1:1. Gate.io will provide seamless token swap services for users. If your $DYP tokens are currently on Gate.io, you don’t need to do anything in particular.

**Details:**
1) Gate.io has suspended the deposit services for $DYP.
2) Gate.io will suspend the withdrawal and trading services for $DYP, including spot trading and quantitative trading, staring from November 30, 2023, 06:00 A.M. UTC.
3) Users who have in-progress $DYP quantitative trading should adjust your trading plans beforehand. Otherwise, the plans will be terminated automatically before November 30, 2023, 06:00 A.M. UTC.
4) New $DYP Token ID:
0x39b46B212bDF15b42B166779b9d1787A68b9D0c3 (ETH)

Tokenomics:
Total supply of the old $DYP: 79,926,862
Total supply of the new $DYP: 229,926,862

Old Tokenomics：
Community: 48.3%
Ecosystem Development: 18.8%
Bridges: 13.3%
Liquidity Pools: 10.4%
Users: 6.3%
Team: 3%

New Tokenomics：
Community: 79.99%
Ecosystem Development: 10.71%
Users: 6.3%
Team: 3%

**Please note that the total supply of $DYP tokens will increase from 79,926,862 to 229,926,862 after the swap. Gate.io will no longer support the old $DYP tokens, and the listing time for the new $DYP will be announced later when Gate.io completes the listing review. **

Project team’s announcement: 
https://dypius.medium.com/should-dypius-do-a-token-migration-to-upgrade-the-smart-contract-for-the-bridge-and-other-related-a97315841969

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Gate.io Team
November 29,2023

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