- Gate.io has announced the delisting of DeSpace Protocol (DES) from its trading platform.
- This decision follows a comprehensive re-evaluation of the DeSpace Protocol project against Gate.io’s trading criteria.
- Gate.io will continue offering withdrawal services for DeSpace Protocol (DES) for a month post-delistment.
Gate.io announces the delisting of DeSpace Protocol (DES), impacting spot trading and other services, while ensuring user withdrawals for a month.
Implications of DeSpace Protocol (DES) Delisting on Gate.io
Gate.io has made a strategic decision to delist DeSpace Protocol (DES) from its exchange platform. Starting from July 15, 2024, the DES trading services, including spot trading, quant grid trading, and liquidity mining, will be suspended. The move underscores Gate.io’s commitment to maintaining rigorous standards for the tokens listed on its platform.
What is DeSpace Protocol (DES)?
DeSpace Protocol (DES) is a decentralized finance (DeFi) platform designed to enhance and simplify the DeFi user experience. It offers a range of DeFi services in one unified interface, allowing users to interact with multiple DeFi platforms seamlessly.
Token Economics of DeSpace Protocol (DES)
- Token Name: DeSpace Protocol
- Token Symbol: DES
- Max Supply: N/A
- Token Type: Utility
How to Buy DeSpace Protocol (DES)
- Begin by creating an account on our recommended exchange platform.
- Deposit an appropriate cryptocurrency (USDT) or fiat currency (Dollar, GBP, EURO).
- Search for the DeSpace Protocol (DES)/USDT trading pair and place your purchase order.
- Once your order gets executed, safeguard your DeSpace Protocol (DES) in your digital wallet.
Consequences for DeSpace Protocol (DES) Users on Gate.io
With the decision to delist DES, users who have ongoing quant grid trading or liquidity provided for DES must adjust their positions by July 15, 2024. Failure to do so will result in automatic termination and redemption of such activities. Additionally, those who do not withdraw their DES holdings by July 28, 2024, can apply for a buyback, with Gate.io offering compensation at a set rate of 0.0001378 USDT per DES token, with a cap of 100 USDT per user.
Conclusion
Gate.io’s delisting of DeSpace Protocol (DES) is a significant move aimed at maintaining high standards for its listed tokens. Users impacted by this decision should take proactive steps to manage their holdings and consider the outlined compensation options. This event highlights the dynamic and ever-evolving nature of the cryptocurrency market.
