According to the latest official announcement from the Centrifuge (CFG) team, the current Centrifuge (CFG) tokens will be swapped for new tokens at a 1:1 ratio. Gate will support this token swap and provide a seamless swap service for users, and users are not required to take any action during the process.

Gate will proceed with the following steps:

1. At 3:00 UTC on May 22, 2025, Gate will suspend deposit and withdrawal services for the current Centrifuge (CFG) tokens.
2. Once the token swap is completed, deposit and withdrawal services for the new Centrifuge (CFG) tokens will be resumed.
3. The trading market will not be affected during the swap process.
4. New Centrifuge (CFG) Token ID : 0xcccCCCcCCC33D538DBC2EE4fEab0a7A1FF4e8A94 (ETH)

Please note that the new token maintains the original 3% annual inflation rate. The circulating supply will increase from 562,881,202 to 675,000,000. Please make sure to conduct your own research and fully understand the associated risks before participating in market trading. Gate will no longer support deposits or withdrawals for the old Centrifuge (CFG) tokens after the token swap is complete.

We understand this change may cause some inconvenience and sincerely apologize for any disruption caused. We are committed to ensuring a smooth swap process and will provide timely updates as needed.

For more details on this token swap, please refer to the Centrifuge official announcement : https://gov.centrifuge.io/t/cp149-migration-of-centrifuge-governance-token-cfg-to-evm/6810/

Thank you for your support and trust in Gate.io. If you have any questions or need assistance, please feel free to contact our customer service team.

Gate Team
May 21, 2025

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