Announcements Gate.io Supports RedFOX Labs (RFOX) to JUICE (JUC) Token Migration

Gate.io Supports RedFOX Labs (RFOX) to JUICE (JUC) Token Migration

2024-07-09 08:20:57 UTC 27003 Read

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

Details:
1) [Gate.io](https://www.gate.io "Gate.io") will disable new margin borrowing and crypto loan services for RedFOX Labs (RFOX) before July 10, 2024, 03:00 A.M. UTC. 
2) Gate.io will suspend the deposit, withdrawal, and trading services for RedFOX Labs (RFOX), including spot trading, quant grid trading, Simple Earn, margin trading, and liquidity mining, from July 11, 2024, 03:00 A.M. UTC.
3) Users who have in-progress RedFOX Labs (RFOX) quant grid trading should adjust your trading plans beforehand. Otherwise, the trades will be terminated automatically before July 11, 2024, 03:00 A.M. UTC.
4) Users who have assets in Simple Earn may manually redeem them in advance. Otherwise the assets will be liquidated before July 11, 2024, 03:00 A.M. UTC.
5) Users who have outstanding RedFOX Labs (RFOX) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before July 11, 2024, 03:00 A.M. UTC.
6) Users who have provided liquidity for RedFOX Labs (RFOX) in the liquidity mining market should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed before July 11, 2024, 03:00 A.M. UTC.
7) New JUICE (JUC) Token ID: 0xd5d053d5b769383e860d1520da7a908e00919f36 (AVAX)

Please note that following this token swap, the tokenomics of JUICE (JUC) change. An additional 580M JUC will be issued for staking and liquidity provision (LP). Gate.io will no longer support RedFOX Labs (RFOX) tokens after the swap. The listing time for JUICE (JUC) will be announced separately after [Gate.io](https://www.gate.io "Gate.io") completes the listing review.

Official Source: https://www.rfox.com/blogs/rfox-vfox-token-migration-announcement

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Gate.io Team
July 8, 2024

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