Announcements Gate.io Supports MAGA (TRUMP) Rebranding to MAGA (MAGATRUMP)

Gate.io Supports MAGA (TRUMP) Rebranding to MAGA (MAGATRUMP)

2025-01-18 07:01:03 UTC 58133 Read

MAGATRUMP/USDT + 1.09%

[//]:content-type-MARKDOWN-DONOT-DELETE
<a href="https://www.gate.io" target="_blank" title="Gate.io">Gate.io</a> will support the rebranding of MAGA (TRUMP) to MAGA (MAGATRUMP). As part of this process, <a href="https://www.gate.io" target="_blank" title="Gate.io">Gate.io</a> will suspend the deposit, withdrawal, and trading services for MAGA (TRUMP), including spot trading and quant grid trading, starting from January 18, 2025, 09:00 UTC. After the rebranding, MAGA will be relisted on <a href="https://www.gate.io" target="_blank" title="Gate.io">Gate.io</a> with the new trading symbol MAGATRUMP.

Details:
1)<a href="https://www.gate.io" target="_blank" title=" Gate.io"> Gate.io</a> has disabled new margin borrowing and crypto loan services for MAGA (TRUMP). 
2) Users with ongoing trades in the futures trading market are encouraged to adjust your strategies in advance. <a href="https://www.gate.io" target="_blank" title="Gate.io">Gate.io</a> has switched the TRUMP/USDT futures trading market to a "Reduce-only" mode.
3) On January 18, 2025, 14:00 UTC, <a href="https://www.gate.io" target="_blank" title="Gate.io">Gate.io</a> 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. Users with open positions in the futures market should adjust your strategies and close positions before January 18, 2025, 14:00 UTC to avoid automatic settlement.
4) Starting from January 18, 2025, 09:00 UTC, <a href="https://www.gate.io" target="_blank" title="Gate.io">Gate.io</a> will suspend the deposit, withdrawal, and trading services for MAGA (TRUMP), including liquidity mining, quant grid trading, Simple Earn, and margin trading.
5) Users with ongoing MAGA (TRUMP) quant grid trading should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before January 18, 2025, 09:00 UTC.
6) Users with assets in Simple Earn may manually redeem them in advance. Otherwise, the assets will be liquidated before January 18, 2025, 09:00 UTC.
7) Users with outstanding MAGA (TRUMP) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before January 18, 2025, 09:00 UTC.

It is important to note that this rebranding is merely a change in name and does not involve any blockchain migration.

<a href="https://www.gate.io" target="_blank" title="Gate.io">Gate.io</a> users do not need to take any specific action.

Deposit MAGATRUMP ：<a href="https://www.gate.io/myaccount/deposit/MAGATRUMP" target="_blank" title="">https://www.gate.io/myaccount/deposit/MAGATRUMP</a>
Trade MAGATRUMP: <a href="https://www.gate.io/trade/MAGATRUMP_USDT?ch=ann42738" target="_blank" title="">https://www.gate.io/trade/MAGATRUMP_USDT</a>

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Gate.io Team
January 18th, 2025

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Gate.io Supports MAGA (TRUMP) Rebranding to MAGA (MAGATRUMP)

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