According to the BitTorrent team， the 1000- for- 1 BTT split will be activated on Dec 12, 2021. Gate will support this redenomination and swap tokens for users.
Split Ratio: 1000： 1
The New token contract: TAFjULxiVgT4qWk6UZwjqwZXTSaGaqnVp4
Gate token split date: Dec 16
Below are more details:
- Starting Dec 16, 2:00 AM （UTC）, Gate will close $BTT deposits and withdrawals.
- Starting Dec 16, 4:00 AM （UTC）, Gate will take BTT trading (spot, margin, quantitative and perpetual contract trading) offline and cancel all open orders and conduct token split.
3 Users who have borrowed BTT should repay the loan and close the outstanding positions beforehand. Otherwise, the loan will be auto-repaid and the outstanding positions will be closed on Dec 16
- Users who have outstanding BTT perpetual contract position should close their positions beforehand. Otherwise, any outstanding positions will be force closed on Dec16
- Users who have BTT quantitative trading(grid trading included) should adjust their trading strategies beforehand.Any BTT quantitative trading will be cancelled on Dec 16
- When Gate completes the token split, we will commence new $BTT token trading. The new token will use the ticker $ BTT.
Important Notice: After this token swap, the value of the new $BTT token would be 1/1000 that of the old BTT token, without considering other factors that might impact the price. Please pay close attention to the price when you place orders.
If your $BTT tokens are on Gate, you do not need to do anything in particular. If you want to get your old $BTT swapped effortlessly on Gate, please deposit your old $BTT token to Gate before Dec16, 2021. After this swap, Gate will support the new $BTT tokens only. If you deposit the old $BTT tokens to Gate, you may withdraw them to your personal wallet and swap.
Learn more
https://medium.com/@BitTorrent/launch-of-bttc-mainnet-and-btt-redenomination-plan-2eacfe26d22
https://weibo.com/ttarticle/p/show?id=2309404711497547776097
