Gate.io Supports Finschia (FNSA) Merger to Klaytn (KLAY) and Facilitates Rebranding

According to the Finschia (FNSA) project team, the Finschia (FNSA) tokens will merge into the new Klaytn (KLAY) tokens at a ratio of 1 FNSA : 148.079656 KLAY. Gate.io will support this merger plan and provide seamless token swap services for users. Additionally, Klaytn (KLAY) will be rebranded to KAIA (KLAY). Gate.io users holding the token do not need to take any specific actions.

Details:

1. Gate.io has closed the deposit and withdrawal services for Finschia (FNSA).
2. Gate.io will suspend the trading services for Finschia (FNSA), including FNSA_USDT and FNSA_BTC spot trading and quant grid trading, starting from August 27, 2024, 03:00 A.M. UTC.
3. Users with ongoing quant grid trading of Finschia (FNSA) should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before August 27, 2024, 03:00 A.M. UTC.

As the market for KLAY may experience significant fluctuations after the merger, we strongly advise users to be aware of the associated risks and exercise caution. It is important to note that Gate.io no longer supports Finschia (FNSA).

Official Source: https://medium.com/lineblockchain/its-official-kaia-mainnet-will-be-going-live-on-29-august-b0c09d1baa54