According to the Enjin Coin (ENJ) team, Enjin Coin (ENJ) tokens will be migrated to the Enjin Blockchain’s mainnet on a 1:1 basis. Gate.io will support this mainnet migration and provide users with token swap services. If your Enjin Coin (ENJ) tokens are currently on Gate.io, you don’t need to do anything in particular.

Details:
1) Before September 14, 2023, 03:00 A.M. UTC, Gate.io will disable new margin borrowing and crypto loan services for Enjin Coin (ENJ).
2) On September 19, 2023, 06:00 A.M. UTC, Gate.io will delist the leveraged tokens ENJ3S and ENJ3L and redeem them based on their net asset value before delisting. If you hold any one of these leveraged tokens, please adjust your trading strategy in advance.
3) If there are any in-progress trades in the futures trading market, please adjust your strategies in advance. Starting from September 18, 2023, 08:00 A.M. UTC, the ENJ/USDT futures trading market will only support “Reduce-only” mode.
4) On September 19, 2023, 08:00 A.M. UTC, Gate.io will delist the ENJ perpetual futures trading market and automatically settle open positions at the average index price in the half-hour before the trading stops. If you have on-going trading activity in these markets, please adjust your strategy and close your positions before September 19, 2023, 08:00 A.M. UTC, to avoid automatic settlement.
5) On September 19, 2023, 10:00 A.M. UTC, Gate.io will suspend Enjin Coin (ENJ) deposit, withdrawal, and spot trading services, including liquidity mining, quant trading, Lend & Earn, and margin trading.
6) Users who have in-progress Enjin Coin (ENJ) quant trading should adjust your trading plans beforehand. Otherwise, the plans will be terminated automatically before September 19, 2023, 10:00 A.M. UTC.
7) Users who have assets in Lend & Earn may manually redeem them in advance. Otherwise the assets will be liquidated before September 19, 2023, 10:00 A.M. UTC.
8) Users who have outstanding Enjin Coin (ENJ) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before September 19, 2023, 10:00 A.M. UTC.
9) Users who have provided liquidity for Enjin Coin (ENJ) in the liquidity mining market should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed before September 19, 2023, 10:00 A.M. UTC.

Tokenomics:
Original Supply of ENJ Tokens: 1 billion (100% in circulation)
Total Supply of New ENJ Tokens: Initially 1.75 billion

Allocation of Old ENJ Tokens:
Presale Purchasers: 40% (unlocked in full)
Crowdsale Purchasers: 40% (unlocked in full)
Incentives for the Community, Testers, Marketing, and Strategic Partners: 10% (unlocked in full)
Team and Advisors: 10% (unlocked in full)

Allocation of New Native ENJ Tokens:
57.1%: for ENJ migration (1:1 ratio)
28.6%: for Efinity Token (EFI) swaps (4:1 ratio)
14.3%: for “early bird” migration and other incentives.
There will be a 5% yearly inflation on the total supply from which rewards for validators and nominator pools will be drawn, to promote governance and network security.

Please note that after the swap is completed, the Enjin Coin (ENJ) project’s tokenomics will change, with a variation in the total supply of the new tokens. Users who do not wish to participate in the migration should sell their tokens before the trading closure. Gate.io will no longer support the old ENJ tokens and will support deposit and withdrawal services for the new Enjin Coin (ENJ) tokens.

Project team’s announcement: https://enjin.io/news/enjin-blockchain

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Gate.io Team
September 13,2023