Announcements Gate.io Supports Stratis (STRAX) Token Split

Gate.io Supports Stratis (STRAX) Token Split

2024-03-13 13:33:47 UTC 42396 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
[According to the Stratis (STRAX) team](https://www.stratisplatform.com/2024/01/19/revised-token-schedule/ "According to the Stratis (STRAX) team"), the Stratis (STRAX) token would undergo a split into a new token at a ratio of 1:10 based on the snapshot taken on March 20, 2024, 18:00 UTC. [Gate.io](https://www.gate.io "Gate.io") will support the split and will provide seamless token swap services for users. If you currently hold Stratis (STRAX) on [Gate.io](https://www.gate.io "Gate.io"), you don’t need to do anything in particular.

**Details:**
1) Before March 14, 2024, 08:00 A.M. UTC, [Gate.io](https://www.gate.io "Gate.io") will disable new margin borrowing and crypto loan services for Stratis (STRAX).

2) Users who have ongoing trades in the futures trading market are encouraged to adjust your strategies in advance. Starting from March 15, 2024, 08:00 A.M. UTC, the STRAX/USDT futures trading market will switch to a "Reduce-only" mode.

3) On March 16, 2024, 08:00 A.M. UTC, [Gate.io ](https://www.gate.io "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. If you have open positions in the futures market, please adjust your strategy and close your positions before March 16, 2024, 08:00 A.M. UTC to avoid automatic settlement.

4) On March 19, 2024, 03:00 A.M. UTC, [Gate.io](https://www.gate.io "Gate.io") will suspend the deposit, withdrawal, and trading services for Stratis (STRAX), including quantitative trading, Lend & Earn, and margin trading.

5) Users who have ongoing Stratis (STRAX) quantitative trading should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before March 19, 2024, 03:00 A.M. UTC.

6) Users who have assets in Lend & Earn may manually redeem them in advance. Otherwise the assets will be liquidated before March 19, 2024, 03:00 A.M. UTC.

7) Users who have outstanding Stratis (STRAX) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before March 19, 2024, 03:00 A.M. UTC.

**Please note that [Gate.io](https://www.gate.io "Gate.io") will no longer support the old Stratis (STRAX) token after the swap. The listing time for the new Stratis (STRAX) token will be announced separately after [Gate.io](https://www.gate.io "Gate.io") completes the listing review.**

Project team's announcement: https://www.stratisplatform.com/2024/01/19/revised-token-schedule/

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Gate.io Team
March 13, 2024

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