Gate announcement regarding support for SafeMoon (SFM) Token contract replacement

According to the latest announcement from the SafeMoon (SFM) project, the existing SafeMoon (SFM) Tokens will be exchanged for brand new contract Tokens at a ratio of 1:1. Gate.io will support this Token swap and provide seamless exchange services for platform users. Throughout the exchange process, you will not need to take any action.

The following are the specific steps that Gate.io will take:

1. gate has suspended the SafeMoon (SFM) deposit service.
2. Gate.io will close the SafeMoon (SFM) withdrawal service on March 8, 2025, at 10:00 (UTC+8)
3. After the exchange is completed, gate will restart the deposit and withdrawal services for the new SafeMoon (SFM) contract Token.
4. During the token exchange period, user transactions are not affected.
5. New SafeMoon (SFM) Token contract address: ELPrcU7qRV3DUz8AP6siTE7GkR3gkkBvGmgBRiLnC19Y (SOL)

We understand that this change may cause you some inconvenience, and we sincerely apologize for any inconvenience caused. We are committed to doing our utmost to ensure the smooth execution of the exchange process and will keep you informed of any updates in a timely manner.

For more detailed information regarding this token swap, please refer to the official announcement: https://x.com/safemoon/status/1890502431974518798?s=19

Thank you for your support and trust in gate. If you have any questions or need assistance, please feel free to contact our customer service team.

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Gate.io March 7, 2025