Dear Bitunix users,
Bitunix will support the Galxe (GAL) token swap, redenomination, and rebranding to Gravity (G). For more information about the rebranding, please refer to the announcement from the project team.
Deposit and Withdrawal
Bitunix will suspend the deposit and withdrawal service for Galxe (GAL) token at 09:30 on July 14, 2024 (UTC). Please note that any deposit of GAL token after will not be credited to your account.
Bitunix will make a separate announcement when the swap and redenomination completes.
Bitunix will no longer support the deposit and withdrawal for GAL token after.
Token Swap and Redenomination
GAL tokens will assume the ticker of G for the token swap.
All GAL tokens will be swapped to G at a ratio of 1 GAL = 60 G.
Spot Trading
Bitunix will delist GAL/USDT trading pair from spot market at 09:00 on July 14 2024 (UTC).
All orders will be automatically removed after trading ceases in each respective trading pair.
Bitunix will list G/USDT trading pair to spot market at 09:00 on July 19 2024 (UTC).
Futures Trading
Bitunix will close all positions on the GAL/USDT USDⓈ-M Perpetual Futures trading pair at 08:00 on July 11, 2024(UTC). All unfilled orders will be cancelled. GAL/USDT trading pair will be delisted after the settlement is complete. Users are advised to close any open positions prior to delisting to avoid automatic settlement.
In order to protect users and prevent potential risks in extremely volatile market conditions, Bitunix may undertake additional protective actions toward the GAL/USDT trading pair without further announcement, including but not limited to adjusting the risk limit tiers, maximum leverage value, position value, and maintenance margin rate, updating funding rates, such as the interest rate and funding rate, and using the Last Price Protected mechanism to update the Mark Price.
A separate announcement will be made regarding the listing time of G/USDT perpetual futures trading pair.
*Risk Warning:
The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. Bitunix attempts to screen all projects before they come to market. However, even with the best due diligence, there are still possible risks when investing. Bitunix is not liable for investment gains or losses.
Regards,
Bitunix Team
July 8 2024
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