Announcements Gate.io Supports Render (RNDR) to Render (RENDER) Token Migration

Gate.io Supports Render (RNDR) to Render (RENDER) Token Migration

2024-07-11 02:54:58 UTC 55669 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
According to the Render (RNDR) project team, Render (RNDR) tokens will be migrated to Render (RENDER) at a ratio of  1:1. [Gate.io](https://www.gate.io "Gate.io") will facilitate this migration and provide seamless token swap services for users. If you currently hold Render (RNDR) on Gate.io, no action is required on your part.

**Details:**
1) [Gate.io](https://www.gate.io "Gate.io") will disable new margin borrowing and crypto loan services for Render (RNDR) before July 13, 2024, 09:00 A.M. UTC. 
2) Users with ongoing trades in the futures trading market are encouraged to adjust your strategies in advance. From July 14, 2024, 09:00 A.M. UTC, the RNDR/USDT futures trading market will switch to a "Reduce-only" mode.
3) On July 15, 2024, 09:00 A.M. UTC, Gate.io 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 July 15, 2024, 09:00 A.M. UTC to avoid automatic settlement.
4) Starting from July 16, 2024, 06:00 A.M. UTC, [Gate.io](https://www.gate.io "Gate.io") will suspend the deposit, withdrawal, and trading services for Render (RNDR), including spot trading, quant grid trading, Simple Earn, margin trading, and liquidity mining.
5) Users with ongoing Render (RNDR) quant grid trading should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before July 16, 2024, 06:00 A.M. UTC
6) Users with assets in Simple Earn may manually redeem them in advance. Otherwise, the assets will be liquidated before July 16, 2024, 06:00 A.M. UTC.
7) Users with outstanding Render (RNDR) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before July 16, 2024, 06:00 A.M. UTC.
8) Users who have provided liquidity for Render (RNDR) in the liquidity mining market should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed before July 16, 2024, 06:00 A.M. UTC.
9) New Render (RENDER) Token ID: https://solscan.io/token/rndrizKT3MK1iimdxRdWabcF7Zg7AR5T4nud4EkHBof

Please note that there are risks of additional issuance and freezing associated with Render (RENDER) tokens. Gate.io will no longer support Render (RNDR). The listing time for new Render (RENDER) tokens will be announced separately after [Gate.io](https://www.gate.io "Gate.io") completes the listing review.

Official Source: https://know.rendernetwork.com/general-render-network/rndr-to-render-what-you-need-to-know

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Gate.io Team
July 11, 2024

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