Gate Announcement: The SUN Perps Delisting Due to Impact of SUN Re-denomination on Index Price

Gate Announcement: The SUN Perps Delisting Due to Impact of SUN Re-denomination on Index Price

Due to different progresses on SUN re-denomination in exchanges around the world, the old SUN are still currently trading in spot markets in some major exchanges. Gate has completed the re-denomination in the spot market, but the perpetual contracts still use the pricing before the re-denomination. To avoid possibly drastic index price fluctuation as more exchanges complete the re-denomination, Gate will delist the current SUN perpetual contracts. Gate has now stopped allowing new positions on SUN perpetual contracts, after 12th of Jun, 2021, 4:00 AM UTC, we will close all open SUN positions at the market price. If you have any SUN perpetual contracts position, please close your positions before 12th of Jun, 2021, 4:00 AM UTC.

After all major exchanges complete the SUN re-denomination, we may re-uate the SUN relisting on perpetual contract markets based on market conditions.
Please note, the SUN prices might fluctuate drastically during the process of re-denomination, please be aware of the risks.

Gate is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.

Gate Team
June 9, 2021

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