Gate Not Supporting NFTX (NFTX) Token Swap and Initiating a Delisting & Buyback Plan

According to the NFTX (NFTX) project team, NFTX (NFTX) tokens will undergo a token swap process at a ratio of 1 NFTX：1089.756794998989524828 FLAY. Gate will delist NFTX (NFTX) from the trading market, including NFTX_USDT and NFTX_ETH spot trading pairs, quant grid trading, and liquidity mining. However, withdrawal services for NFTX (NFTX) will remain available for one month.

Details:

1. Gate has suspended the deposit service for NFTX (NFTX).
2. Gate will delist NFTX (NFTX) from the trading market, including NFTX_USDT and NFTX_ETH spot trading pairs, quant grid trading, and liquidity mining, starting from October 4, 2024, 03:00 UTC.
3. Users with ongoing quant grid trading of NFTX (NFTX) should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before October 4, 2024, 03:00 UTC.
4. Users who have provided liquidity for NFTX (NFTX) in the liquidity mining market should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed before October 4, 2024, 03:00 UTC.
5. Users unwilling to participate in the buyback after the delisting are advised to withdraw your NFTX (NFTX) holdings as soon as possible to avoid potential losses.
6. Users holding NFTX (NFTX) on Gate after October 17, 2024 can apply for a buyback by filling out a form. Gate will buy back NFTX (NFTX) at a price of 2.353 USDT, with a maximum compensation limit of 100 USDT per user.

To apply for the compensation, users must fill out the provided form between October 17, 2024, 16:00 UTC and October 24, 16:00 UTC.
Form Link: https://www.gate.com/questionnaire/5204

Withdraw NFTX (NFTX): https://www.gate.com/myaccount/withdraw/NFTX

Official Source: https://x.com/NFTX_/status/1815688429784481884

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Gate Team
September 27,2024