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AscendEX Supports STAKE’s Rebranding to GNO and Its Token Swap Plan
Veröffentlichen um 2022-05-26
Dear users,
In support of STAKE (STAKE)’s rebranding to Gnosis Token (GNO) and its token swap plan, as well as the change from xDai Chain to Gnosis Chain, AscendEX will make the following adjustments:
1. From May 30, 2:00 p.m. UTC, 2022, AscendEX will suspend the deposit and withdrawal functions of STAKE and change xDai Chain to Gnosis Chain.
2. From May 30, 8:00 p.m. UTC, 2022, AscendEX will remove the STAKE/USDT trading pair. All unfilled orders will be canceled.
3. On May 31, 2:00 a.m. UTC, 2022, AscendEX will take snapshots of users’ STAKE holdings in their cash and investment accounts and swap the STAKE ticker to the GNO ticker at the ratio of 1 STAKE = 0.0326292707 GNO. STAKE Staking will be swapped to GNO Staking. Users who participated in STAKE Staking will continue to earn returns in GNO token without any operations.
4. After the rebranding, the STAKE deposit, withdrawal and trading functions will no longer be available on AscendEX. Any withdrawals or unbonding of STAKE must be completed before May 29, 2:00 p.m. UTC, 2022, otherwise the unstaked STAKE cannot be credited into users’ accounts.
See new GNO Staking Rules below:
Deposit Token | GNO |
Reward Token | GNO |
Minimum Deposit Amount | 0.5 GNO |
Maximum Deposit Amount | N/A |
Minimum Staking Period | Deposit and redeem anytime |
Reward Calculation Starting Time | T+1 Days |
Reward Distribution Starting Time | T+2 Days |
Reward Distribution Cycle | Daily |
Minimum Redemption Amount | 0.5 GNO |
Regular Unbonding Period | 3 Days |
Instant Unbonding (Real-time arrival) | Supported |
Instant Unbonding Fee | 1% |
Compound Mode | Not Supported |
Staked Assets as Margin Collateral | Not Supported |
Learn more about the STAKE-GNO swap here.
Thank you for your continued support!
The AscendEX Team