Announcement from Gate.io regarding the delisting and buyback of NADA Protocol Token (NADA)

According to the latest announcement from NADA Protocol Token (NADA) officials, NADA will conduct a 1:1 token exchange. After receiving the relevant announcement, Gate.io strives to provide users with convenient exchange services. After multiple communications with the project party, we regret to inform you that the project party will not provide token exchange services for platform users. Therefore, Gate.io has decided to delist all trading markets of NADA Protocol Token (NADA), including NADA/USDT spot trading pairs, quantitative grids, Simple Earn, and margin trading. We will pursue the losses caused to the platform and users by NADA team's violation of commercial contracts and other violations. In order to protect the interests of users, Gate.io will provide a 100% NADA token buyback service.

Gate.io will take the following steps:

1. Gate.io has suspended the recharge and trading service of NADA Protocol Token (NADA). 2）Gate.io has closed the addition of leverage lending and collateral lending for NADA Protocol Token (NADA).
2. Gate.io will delist the NADA Protocol Token (NADA) trading market, including the NADA_USDT Spot trading pair, Quantitative Grid, Simple Earn, and Margin Trading.
3. If there is a quantitative trading strategy that is currently being executed, it will be forcibly stopped after the announcement is issued.
4. If you still have assets in Simple Earn, it will be forcibly stopped after the announcement is issued.
5. Users who have outstanding NADA Protocol Token (NADA) loans in the Margin Trading market will be automatically settled and repaid after the announcement.
6. After the delisting of NADA Protocol Token (NADA) from the trading market, if users who hold positions do not want to participate in the buyback, please make sure to withdraw your tokens as soon as possible to avoid losses.
7. Please submit a 100% repurchase form application before 0:00 on December 7, 2024 (UTC+8). We will convert all NADA Token in the account to USDT based on the average price in the 30 days before the suspension. Form link: https://www.gate.io/en/questionnaire/5464

We apologize for the inconvenience of not being able to provide more convenient services for all users this time. Thank you for your understanding and support.

Withdraw NADA: https://www.gate.io/zh/myaccount/withdraw/NADA

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Gate.io November 7, 2024