According to the Gate News bot message, the official announcement from Gate on June 20, 2025:
Gate will adjust the NULS contract and leveraged trading. The NULS/USDT contract trading will be adjusted to a closing-only mode on June 20, 2025, at 19:30 ( UTC+8, and will be automatically settled at the average index price of the last half hour before the contract trading stops at 20:00 ) UTC+8.
At the same time, Gate has closed the new leveraged lending business for NULS, and existing leveraged positions will be automatically settled and repaid before June 20, 2025, 20:00:0(UTC+8). This adjustment does not affect NULS spot trading.
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GateUser-b2fdd02c
· 07-01 16:03
Are there any places to trade?
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GateUser-b2fdd02c
· 07-01 16:03
What on-chain is this thing anyway?
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Kirin
· 06-20 14:37
Damn, such a high price made me close all positions, it's so disgusting.
NULS(NULS) will close contract and Margin Trading on June 20 at Gate, spot trading will not be affected.
According to the Gate News bot message, the official announcement from Gate on June 20, 2025:
Gate will adjust the NULS contract and leveraged trading. The NULS/USDT contract trading will be adjusted to a closing-only mode on June 20, 2025, at 19:30 ( UTC+8, and will be automatically settled at the average index price of the last half hour before the contract trading stops at 20:00 ) UTC+8.
At the same time, Gate has closed the new leveraged lending business for NULS, and existing leveraged positions will be automatically settled and repaid before June 20, 2025, 20:00:0(UTC+8). This adjustment does not affect NULS spot trading.
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