According to the BoringDAO team, the BoringDAO is migrating their tokens from $BOR to $BORING, at the ratio of 1 $BOR : 10,000 $BORING. Gate.io will support the token redenomination and will swap the old $BOR tokens for new $BORING tokens for users.
Swap Ratio: 1:10,000
Old token ($BOR) contract
The New token ($BORING )contract :
Gate.io token swap date: Jun 20
Gate.io’s BOR token redenomination and swap planning:
1) Gate.io has already closed $BOR loan in the margin trading markets. Existing $BOR borrowers should repay their BOR loan before Jun 20th .
2) Starting Jun 20th 1:00 AM UTC, Gate.io will close $BOR deposits and withdrawals.
3) Starting Jun 20th, 4:00 AM UTC, Gate.io will take $BOR trading offline and cancel all open orders and swap the $BOR tokens to the new $BORING tokens.
3) When Gate.io completes the token swap, we will commence new $BORING token trading . The new token will use the ticker $ BORING .The old tokens deposited to Gate.io after the swap will be credited as $BOR. (The $BORING trading commencement time will be announced as soon as we complete the token swap).
Important Notice: After this token swap, the value of the new $BORING token would be 1/10000 that of the old BOR token, without considering other factors that might impact the price. Please pay close attention to the price when you place orders.
If your $BOR tokens are on Gate.io, you do not need to do anything in particular. If you want to get your old $BOR swapped effortlessly on Gate.io, please deposit your old $BOR token to Gate.io before Jun 20th.
After this swap, Gate.io will support the new $BORING tokens only. If you deposit the old $BOR tokens to Gate.io, you may withdraw them to your personal wallet and swap.