Announcements Gate.io to Delist Basis Share (BAS)

Gate.io to Delist Basis Share (BAS)

2024-10-18 08:48:15 UTC 35756 Read

BAS/USDT + 6.99%

[//]:content-type-MARKDOWN-DONOT-DELETE
[Gate.io](https://www.gate.io "Gate.io") has conducted a thorough reevaluation of Basis Share (BAS) and determined that it no longer meets our platform's trading criteria. As a result, Gate.io will delist Basis Share (BAS) from the trading market, including BAS_USDT and BAS_ETH spot trading pairs, quant grid trading, Simple Earn, margin trading, and liquidity mining. However, withdrawal services for Basis Share (BAS) will continue to be provided for one month.

**Details:**
1) Gate.io has closed the deposit service for Basis Share (BAS).
2) [Gate.io](https://www.gate.io "Gate.io") will disable new margin borrowing and crypto loan services for Basis Share (BAS) before October 19, 2024, 06:00 UTC. 
3) Gate.io will delist Basis Share (BAS) from the trading market, including BAS_USDT and BAS_ETH spot trading pairs, quant grid trading, Simple Earn, margin trading, and liquidity mining, starting from October 25, 2024, 06:00 UTC. 
4) Users with ongoing quant grid trading of Basis Share (BAS) should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before October 25, 2024, 06:00 UTC. 
5)  Users with assets in Simple Earn may manually redeem them in advance. Otherwise, the assets will be liquidated before October 25, 2024, 06:00 UTC. 
6) Users with outstanding Basis Share (BAS) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before October 25, 2024, 06:00 UTC. 
7) Users who have provided liquidity for Basis Share (BAS) in the liquidity mining market should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed before October 25, 2024, 06:00 UTC. 
8) Users unwilling to participate in the buyback after the delisting are advised to withdraw your Basis Share (BAS) holdings as soon as possible to avoid potential losses.
9) Users holding Basis Share (BAS) on Gate.io after Novermber 7, 2024 can apply for a buyback by filling out a form. Gate.io will buy back BAS at a price of 0.028786 USDT, with a maximum compensation limit of 100 USDT per user.

To apply for the compensation, users must fill out the provided form between Novermber 7, 2024, 16:00 UTC and Novermber 14, 16:00 UTC.
Form Link: https://www.gate.io/questionnaire/5326

Withdraw BAS: https://www.gate.io/myaccount/withdraw/BAS

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Gate.io Team
Oct 18th, 2024

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