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Gate.io has announced its support for the migration of $SOULS tokens. The move comes after The Unfettered project experienced a hacking incident. The token swap will happen in a ratio of 1:1. Gate.io will support the swap services via a new ID. Users of Gate.io who already hold the token will not have to do anything from their side.
At the time of drafting this article, the exchange platform had disabled $SOULS token deposits and withdrawals. The said services will resume after the migration process has concluded. A tentative timeline has not been shared; however, Gate.io is expected to make an announcement about it through official channels like social media and its website. Users can continue their trading activities, for they remain unaffected amid the migration of $SOULS tokens.
Gate.io will no longer support old $SOULS. The price of $SOULS has, in the last 24 hours, jumped by 1.09%. The token is listed at $0.005936 at the time of writing this piece.
Founded in 2013 and headquartered in George Town, Cayman Islands, Gate.io features over 800 cryptocurrencies on the exchange platform. It further supports 23 fiat currencies with more than a thousand trading pairs. Features of the exchange platform can be explored in the Gate.io review, which also sheds light on the countries that support its operations. The platform is ideally recognized for its speed, stability, safety, and reliability.
The announcement comes days after it shared details about Gate.io Affiliate Star. It encourages customers to register for the affiliate program and win 5,000 USDT each. All they have to do is share their affiliate invite link in public or in person and submit the entry through the official link.
Moving forward, Gate.io will appear at the Turkey Crypto and Blockchain Tour in Ankara. The first edition of the tour will help professionals in the blockchain industry to explore the elements of the sphere. Gate Türkiye and a blockchain educator named Mete Ali Baskaya will be responsible for it.
Gate.io has previously launched auto-renewal for fixed-rate loans, making it convenient to place an order for borrowing when it reaches maturity.
$SOULS tokens by The Unfettered Ecosystem are expected to begin withdrawals and deposits on Gate.io at the earliest. The migration will be carried out in a balanced ratio to ensure holders have a seamless token swap service. Users of Gate.io will not be affected by the development, except for functionalities that are restricted to trading only. This applies to them if they hold $SOULS tokens in their portfolios.
Questions or issues, if any, have to be directed to the technical team at Gate.io.