An Explanation for the Solvent (SVT) Delisting and Conversion to USDC

Gate.io

Связанный тип: Others

2023-06-02 15:10

[//]:content-type-MARKDOWN-DONOT-DELETE At the request of the Solvent project team, Gate.io delisted the Solvent trading market on May 15, 2023, 03:00 a.m. UTC. For details, please refer to the previous announcement titled "[Gate.io To Delist Solvent ]")". According to the official announcement from the Solvent team, the team will buy back all the SVT tokens from SVT holders at a fixed price of 0.007 USDC per SVT before July 31, 2023. To facilitate the token exchange, please follow the steps below: 1) Withdraw SVT from Gate.io to the recommended wallets by the project team, either Phantom or Solflare. Phantom official website: https://phantom.app/ Solflare official website: https://solflare.com/ As an example, we will provide instructions for withdrawing to a Solflare wallet: ① Visit the official website of Solflare wallet and click on the "DOWNLOAD" button on the homepage. ![] ② Choose the desired extension type based on your personal preference. ![] ③ Copy the SVT deposit address from the Solflare wallet. Then go to the withdrawal page on Gate.io, select "SVT" as the withdrawal coin and "SOL" as the network, enter the SVT receiving address and withdrawal amount, and click "Next". ![] 2) Once the withdrawal is successful, follow the project team's recommended channel to sell SVT for USDC through the Prism app. On the Prism app, click on "Connect Wallet" to connect either the Phantom or Solflare wallet. Then follow the instructions to convert SVT to USDC. Link to the Prism app: https://prism.ag ![] For more detailed buyback information, please refer to the official announcement from Solvent : https://twitter.com/solventprotocol/status/1663935857328377856 Withdraw Solvent :https://www.gate.io/myaccount/withdraw/SVT Gateway to Crypto Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io [Sign up] to enter the crypto gateway and get 40% commission from [referrals] [Download iOS/Android App] right now. Reach out to us! Twitter: https://twitter.com/gate_io GateVIP Twitter:https://twitter.com/Gateio_Inst Telegram: https://t.me/gate_zh API Telegram: https://t.me/gateioapi Instagram: https://www.instagram.com/gateioglobal Medium: https://gateio.medium.com/ Podcast: https://gateio.buzzsprout.com/?ch=buzzs Gate.io Team June 2,2023