MEXC Will Support the GXChain (GXC) Mainnet Token Swap and Redenomination Plan to REI Network (REI)

Dear users,

MEXC will support the GXChain (GXC) mainnet token swap and redenomination plan to REI Network (REI). Specific details and timeline are as follows:

• MEXC will suspend GXC/USDT isolated margin borrowing at 2022-04-22 04:30 (UTC). 
• MEXC will close all GXC margin positions, conduct an automatic settlement and cancel all pending GXC margin orders, and then delist the GXC/USDT isolated margin trading pairs at 2022-04-24 04:30 (UTC). Relisting will be announced in a separate announcement.
• MEXC will cease trading for GXC, delist GXC/USDT spot trading pairs and cancel all pending GXC spot orders at 2022-04-25 02:00 (UTC).
• MEXC will suspend GXChain (GXC) deposits and withdrawals at 2022-04-25 02:00 (UTC). Please ensure that you leave sufficient time for your GXC deposits to be fully processed prior to this time. Any deposits made after this period will not be credited to your account.
• MEXC will recover all GXC balances and begin the distribution of REI to all eligible users at a ratio of 1 GXC = 10 REI.
• Trading will then open for REI/USDT spot trading pairs at 2022-04-30 04:00 (UTC).
• MEXC will make a separate announcement after the mainnet token swap is completed to notify users when deposits and withdrawals of REI will open.
• REI Network (REI) contract address: 0x3Eb7bb6BC3E85194A2Cb8C2f3d9d744dfd33B234

For more details, please refer to the following:

• Governance Proposal: From GXChain 2.0 to REI Network
• REI: The Reborn of GXChain Starts with Native Token Split Ecosystem Incentive EVM Compatible

Risk Warning

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Global will make the best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, MEXC adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.

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The MEXC team

15 April 2022