Announcements Gate.io to Delist OctoFi (OCTO)

Gate.io to Delist OctoFi (OCTO)

2024-03-27 07:18:34 UTC 27470 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
After a reevaluation about the OctoFi (OCTO) project, [Gate.io](https://www.gate.io "Gate.io") has determined that it no longer meets the criteria for trading on our platform. As a result, [Gate.io](https://www.gate.io "Gate.io") plans to delist OctoFi (OCTO) from the trading market, including spot trading, quant trading, and liquidity mining, but will continue to provide withdrawal services for users for a period of 1 month.

Details:
1) [Gate.io](https://www.gate.io "Gate.io") has suspended the deposit service for OctoFi (OCTO).
2) [Gate.io](https://www.gate.io "Gate.io") will suspend the trading service for OctoFi (OCTO), including spot trading, quant trading, and liquidity mining, on March 28, 2024, 08:00 A.M. UTC.
3) Users who have in-progress OctoFi (OCTO) quant trading should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before March 28, 2024, 08:00 A.M. UTC.
4) Users who have provided liquidity for OctoFi (OCTO) in the liquidity mining market should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed before March 28, 2024, 08:00 A.M. UTC.
5) For users who do not wish to participate in our buyback after the delisting, we strongly encourage you to withdraw your OctoFi (OCTO) tokens as soon as possible to avoid any potential losses.
6) Users who still hold OctoFi (OCTO) on Gate.io after April 11, 2024 can submit a form to participate in our buyback. [Gate.io](https://www.gate.io "Gate.io") will repurchase OctoFi (OCTO) at a price of 0.07456 USDT. The maximum compensation amount a single user can apply for is 100 USDT.
To apply for the compensation, users are requested to fill out the following form between April 11, 2024, 16:00 UTC and April 18, 2024, 16:00 UTC.

Link to the form: https://www.gate.io/questionnaire/4304
Withdraw OCTO：https://www.gate.io/myaccount/withdraw/OCTO

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Gate.io Team
March 27, 2024

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