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Binance Will Support the GXChain (GXS) Mainnet Swap & Redenomination Plan to REI Network (REI)

source-logo  binance.com 14 April 2022 13:48, UTC
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Fellow Binancians,
Binance will support the GXChain (GXS) mainnet token swap and redenomination plan to REI Network (REI). Further details about this change are shown in the timeline below:
  • At 2022-04-20 04:30 (UTC), Binance will suspend GXS/$BTC and GXS/$USDT isolated and cross margin borrowing.
  • At 2022-04-22 04:30 (UTC), Binance will close all GXS margin positions, conduct an automatic settlement and cancel all pending GXS margin orders, and then delist the GXS/$BTC and GXS/$USDT isolated and cross margin trading pairs. A separate announcement will be made for relisting.
  • Binance will delist all existing GXS spot trading pairs (GXS/$BTC, GXS/$USDT, GXS/$BNB and GXS/$ETH) and cancel all pending GXS spot orders at 2022-04-25 04:00 (UTC).
  • Deposits and withdrawals of GXChain (GXS) will be suspended at 2022-04-25 04:30 (UTC). Please ensure that you leave sufficient time for your GXS deposits to be fully processed prior to this time.
  • Following which, Binance will recover all GXS balances and begin the distribution of REI to all eligible users at a ratio of 1 GXS = 10 REI.
  • Trading will then open for REI/$USDT, REI/$BNB and REI/$ETH spot trading pairs at 2022-05-04 04:00 (UTC).
  • Binance will make a separate announcement after the mainnet swap is complete to notify users when deposits and withdrawals of REI will open.
  • Thereafter, users will be able to use the convert function to swap their GXS for REI tokens.
  • REI Network (REI) contract address: 0x3Eb7bb6BC3E85194A2Cb8C2f3d9d744dfd33B234
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For further information, please refer to the following:
  • Governance Proposal: From GXChain 2.0 to REI Network
  • REI: The Reborn of GXChain Starts with Native Token Split + Ecosystem Incentive + EVM Compatible
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
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