Announcements Gate.io Supports Quickswap (QUICK) Contract Migration and Token Split

Gate.io Supports Quickswap (QUICK) Contract Migration and Token Split

2023-07-11 04:11:48 UTC 17475 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
According to the Quickswap (QUICK) team, Quickswap (QUICK) will be migrated to the new contract at a ratio of 1:1000. Gate.io fully supports the migration and will swap tokens for users. If your QUICK tokens are currently on Gate.io, you don’t need to do anything in particular.

**Details:**
1) Before July 11, 2023, 07:00 A.M. UTC, Gate.io will disable new margin borrowing and crypto loan services for Quickswap (QUICK).
2) If there are any in-progress trades in the futures trading market, please adjust your strategies in advance. Starting from July 12, 2023, 04:00 A.M. UTC, the QUICK/USDT futures trading market will only support "Reduce-only" mode.
3) On July 15, 2023, 08:00 A.M. UTC, Gate.io will automatically settle based on the average index price of the last half hour before trading suspension. Any open orders will be automatically canceled. If you have any in-progress trades in this market, please adjust your strategies and close positions before July 15, 2023, 08:00 A.M. UTC to avoid automatic settlement.
4) On July 17, 2023, 03:00 A.M. UTC, Gate.io will suspend the deposit, withdrawal, and trading services for Quickswap (QUICK), including liquidity mining, quant trading, Lend & Earn, and margin trading.
5) Users who have in-progress Quickswap (QUICK) quant trading should adjust your trading plans beforehand. Otherwise, the plans will be terminated automatically by July 17, 2023, 03:00 A.M. UTC.
6) Users who still hold assets in Lend & Earn may manually redeem them in advance. Otherwise the assets will be liquidated by July 17, 2023, 03:00 A.M. UTC.
7) Users who have outstanding Quickswap (QUICK) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically by July 17, 2023, 03:00 A.M. UTC.
8) Users who have provided liquidity for Quickswap (QUICK) in the liquidity mining market should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed by July 17, 2023, 03:00 A.M. UTC.

New Quickswap (QUICK) contract address: 
0xB5C064F955D8e7F38fE0460C556a72987494eE17 (Polygon)

**Please note that after the swap is completed, Gate.io will no longer support the old QUICK tokens, but will support the deposit and withdrawal of the new QUICK tokens.**

Project Team Announcement: 
https://quickswap-layer2.medium.com/old-quick-vs-new-quick-everything-you-need-to-know-about-the-token-split-419a61580d41

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Gate.io Team
July 11,2023

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Gate.io Supports Quickswap (QUICK) Contract Migration and Token Split

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