Announcements Gate.io Supports MicroChains Gov Token (MCG) to LENA (LENA) Token Migration

Gate.io Supports MicroChains Gov Token (MCG) to LENA (LENA) Token Migration

2023-09-22 08:13:26 UTC 25409 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
According to the MicroChains Gov Token (MCG) team, $MCG tokens will be migrated to new LENA (LENA) tokens on a 1:1 ratio based on a snapshot to be taken on September 25, 2023, 16:00 UTC. Gate.io firmly supports the migration and will facilitate the seamless token swap for our users. If your $MCG tokens are currently on Gate.io, you don’t need to do anything in particular.

Snapshot Time: September 25, 2023, 16:00 UTC
Swap Ratio: 1:1

**Details:**
1) Gate.io will suspend the deposit, withdrawal, and trading services for $MCG, including spot trading, liquidity mining, and quantitative trading, starting from September 24, 2023, 03:00 UTC.
2) Users who have in-progress $MCG quantitative trading should adjust your trading plans beforehand. Otherwise, the plans will be terminated automatically before September 24, 2023, 03:00 UTC.
3) Users who have provided liquidity for $MCG in the liquidity mining market should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed before September 24, 2023, 03:00 UTC.
4) New contract address for $LENA:
0xfE38Fd8d710b0Ad367f60cB9fc4DE5e7Ba95633b (ETH)
Gate.io will no longer support $MCG tokens. The listing time of $LENA will be announced later when Gate.io completes the listing review.

Project team’s announcement: https://twitter.com/MicroChainsCbtc/status/1705122492120277298

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Gate.io Team
September 22,2023

Gate.io Supports MicroChains Gov Token (MCG) to LENA (LENA) Token Migration

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