Dear CoinEx users,
According to the official announcement, CoinEx will support the token merger of TOWN (Town Star) and GALA (Gala), and the conversion ratio is 1 TOWN = 0.8 GALA. To ensure our user's asset security, deposit and withdrawal services of TOWN will be suspended for a designated period. The details are as follows:
1. CoinEx will suspend the deposit and withdrawal services of TOWN at 08:00 on Jul 24, 2023 (UTC).
2. AMM fund in TOWN/USDT trading pair will be refunded at 07:30 on Jul 24, 2023 (UTC).
3. TOWN/USDT market will be delisted and ALL orders in this market will be canceled at 08:00 on Jul 24, 2023 (UTC).
4. CoinEx will take a snapshot for all TOWN holders, and allocate the GALA token to relevant users according to the ratio of 1 TOWN = 0.8 GALA without further notice.
GALA (ERC20) smart contract address
1. The deposits of TOWN after 08:00 Jul 24, 2023 (UTC) will NOT be credited, please deposit in advance if needed.
2. During the suspended period, all unexecuted TOWN orders will be systematically closed, and related assets will be returned to your spot account.
3. Deposit, withdrawal and trading services of GALA on CoinEx will NOT be affected during this period.
4. All TOWN tokens will be merged to the GALA token. CoinEx will no longer support TOWN on the platform.
5. For more token swap info, please refer to Sunset Over TOWN and a New Beginning for Town Star
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the right of final interpretation of this announcement.
Jul 19, 2023