Announcements Gate.io Supports the Renaming of The Open Network (TONCOIN) to The Open Network (TON)

Gate.io Supports the Renaming of The Open Network (TONCOIN) to The Open Network (TON)

2023-03-08 01:36:30 UTC 26894 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
Gate.io supports the renaming of The Open Network (TONCOIN) to The Open Network (TON), which will be implemented on March 8, 2023, 08:00 am UTC. By then, Gate.io will take the deposit, withdrawal and trading services of The Open Network (TONCOIN) offline, including liquidity mining, quantitative trading, Lend & Earn, and margin trading. After the renaming is successfully completed, The Open Network will be relisted on Gate.io with the new symbol TON.

**Details:**
1) Gate.io has closed the new margin borrowing and crypto loan services of $TONCOIN.
2) Gate.io will close the deposit, withdrawal and trading of $TONCOIN, including liquidity mining, quantitative trading, Lend & Earn, and margin trading, on March 8, 2023, 08:00 am UTC.
3) Users who have in-progress $TONCOIN quantitative trading should adjust their trading plans beforehand. Otherwise, the plans will be terminated automatically by March 8, 2023, 08:00 am UTC.
4) Users who have assets in Lend & Earn may manually redeem them in advance. Otherwise the assets will be liquidated by March 8, 2023, 08:00 am UTC.
5) Users who have outstanding $TONCOIN loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically by March 8, 2023, 08:00 am UTC.
6) Users who have provided liquidity for $TONCOIN in the liquidity mining market should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed by March 8, 2023, 08:00 am UTC.

The renaming does not involve any blockchain migration process. Gate.io users don’t need to do anything in particular.

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Gate.io Team
March 8, 2022

Gate.io Supports the Renaming of The Open Network (TONCOIN) to The Open Network (TON)

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