Gate Supports BinaryX (BNX) Migration to Four (FORM)

According to the official news from the BinaryX (BNX) project team, the BinaryX (BNX) tokens will be migrated to Four (FORM) at a ratio of 1:1. Gate will support this migration and provide seamless token swap services for users. BinaryX (BNX) holders on Gate do not need to take any action.

Gate will take the following steps for the migration:

1. For users who have active positions in the BinaryX (BNX) futures trading market, Gate encourages adjusting strategies in advance. Starting from March 17, 2025, at 08:00 UTC, the BNX/USDT futures trading market will switch to "Reduce-Only" mode.
2. On March 18, 2025, at 08:00 UTC, Gate 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 their strategies and close positions before March 18, 2025, at 08:00 UTC to avoid automatic settlement.
3. Starting from March 18, 2025, at 08:00 UTC, Gate will suspend the deposit, withdrawal, and trading services for BinaryX (BNX), including BNX_USDT and BNX_TRY spot trading pairs as well as quantitative grid trading.
4. Users who have active quantitative grid trading positions for BinaryX (BNX) should adjust their trading strategies beforehand. Otherwise, the trades will be terminated automatically before March 18, 2025, at 08:00 UTC.
5. New Four (FORM) Token ID: 0x5b73A93b4E5e4f1FD27D8b3F8C97D69908b5E284 (BSC)

Please note that Gate will no longer support BinaryX (BNX). The listing time for Four (FORM) will be announced separately after Gate completes the listing review.

Project Team’s Announcement: https://binary-x.medium.com/the-four-token-symbol-has-been-revised-to-form-for-greater-token-identity-on-bnb-chain-2db169fa4039

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Gate Team
February 27, 2025