Announcements Gate.io Supports Litentry (LIT) Migration to Heima (HEI)

Gate.io Supports Litentry (LIT) Migration to Heima (HEI)

2025-01-27 07:23:42 UTC 32501 Read

LIT/USDT + 0.26%

[//]:content-type-MARKDOWN-DONOT-DELETE
According to the Litentry (LIT) project team, the Litentry (LIT) tokens will be migrated to Heima (HEI) at a ratio of  1 : 1. <a href="https://www.gate.io" target="_blank">Gate.io</a> will support this migration and provide seamless token swap services for users. If you hold Litentry (LIT) on <a href="https://www.gate.io" target="_blank">Gate.io</a>, no action is required on your part.

<a href="https://www.gate.io" target="_blank">Gate.io</a> will take the following steps for the migration:
1) <a href="https://www.gate.io" target="_blank">Gate.io</a> will close the new margin borrowing and crypto loan services for Litentry (LIT) before February 6, 2025, at 08:00 UTC.
2)  Users who have active positions in the Litentry (LIT) futures trading market are encouraged to adjust your strategies in advance. Starting from February 7, 2025, at 08:00 UTC, the LIT/USDT futures trading market will switch to a "Reduce-only" mode.
3) On February 8, 2025, at 08:00 UTC,<a href="https://www.gate.io" target="_blank"> Gate.io</a> will automatically settle open futures trading 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 this market should adjust your strategies and close positions before February 8, 2025, at 08:00 UTC to avoid automatic settlement.
4) Starting from February 8, 2025, at 08:00 UTC, Gate.io will suspend quantitative grid trading for Litentry (LIT). If you have any ongoing quantitative grid trading strategies, please adjust them in advance. Otherwise, the trades will be terminated automatically before 08:00 UTC on February 8, 2025.
5) Starting from February 10, 2025, at 03:00 UTC, <a href="https://www.gate.io" target="_blank">Gate.io</a> will suspend the deposit, withdrawal, and trading services for Litentry (LIT), including LIT_USDT and LIT_TRY spot trading pairs, Simple Earn, and margin trading.
6) Users with Litentry (LIT) assets in Simple Earn may manually redeem them in advance. Otherwise, the assets will be liquidated before February 10, 2025, at 03:00 UTC.
7) Users with outstanding Litentry (LIT) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before February 10, 2025, at 03:00 UTC.
8) New Heima (HEI) Token ID:
0xf8f173e20e15f3b6cb686fb64724d370689de083 (ETH)
0xf8f173e20e15f3b6cb686fb64724d370689de083 (BSC)

It is important to note that <a href="https://www.gate.io" target="_blank">Gate.io</a> will no longer support Litentry (LIT). The listing time for Heima (HEI) will be announced separately after <a href="https://www.gate.io" target="_blank">Gate.io</a> completes the listing review.

Project Team’s Announcement: https://litentry.medium.com/litentry-rebranding-introducing-hei-and-updated-smart-contracts-7ed98397b649

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Gate.io Team
January 27th, 2025

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Gate.io Supports Litentry (LIT) Migration to Heima (HEI)

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