Announcements Gate.io Supports Alex Lab (ALEX) Token Migration

Gate.io Supports Alex Lab (ALEX) Token Migration

2024-05-31 07:44:48 UTC 16102 Read

ALEX/USDT + 9.26%

[//]:content-type-MARKDOWN-DONOT-DELETE
According to [the Alex Lab (ALEX) project team](https://x.com/alexlabbtc/status/1794883894820384850 "the Alex Lab (ALEX) project team"), the Alex Lab (ALEX) token will be migrated to a new ID at a ratio of 1:1. Gate.io will support this migration and provide seamless token swap services for users. If you currently hold Alex Lab (ALEX) on [Gate.io](https://www.gate.io "Gate.io"), you do not need to take any specific actions.

Details:
1)[ Gate.io](https://www.gate.io " Gate.io") has suspended the deposit and withdrawal services for Alex Lab (ALEX).
2) After the swap is completed, Gate.io will resume the deposit and withdrawal services for the new Alex Lab (ALEX) token. 
3) User trading activities will not be affected during the token swap period.
4) New Alex Lab (ALEX) token ID: [SP102V8P0F7JX67ARQ77WEA3D3CFB5XW39REDT0AM.token-alex ](https://explorer.hiro.so/txid/SP102V8P0F7JX67ARQ77WEA3D3CFB5XW39REDT0AM.token-alex?chain=mainnet "SP102V8P0F7JX67ARQ77WEA3D3CFB5XW39REDT0AM.token-alex ")(SIP-010)
Please note that [Gate.io](https://www.gate.io "Gate.io") will no longer support the old Alex Lab (ALEX) token. The deposit and withdrawal services for the new Alex Lab (ALEX) token will be supported after the swap is completed.

Official Source: https://x.com/alexlabbtc/status/1794883894820384850

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Gate.io Team
May 31th, 2024

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