[//]:content-type-MARKDOWN-DONOT-DELETE According to the PARSIQ Token (PRQ) project team, the PARSIQ Token (PRQ) will be migrated to Reactive Network (REACT) at a ratio of 1 : 1. Gate will support this migration and provide seamless token swap services for users. If you hold PARSIQ Token (PRQ) on Gate, no action is required on your part. **Gate will take the following steps for the migration**: 1) Gate will close the new margin borrowing and crypto loan services for PARSIQ Token (PRQ) before February 21, 2025, at 08:00 UTC. 2) For users with active positions in the PARSIQ Token (PRQ) futures trading market, we encourage adjusting strategies in advance. Starting from February 22, 2025, at 08:00 UTC, the PRQ/USDT futures trading market will switch to "Reduce-only" mode. 3) On February 23, 2025, at 08:00 UTC, Gate will automatically settle open futures trading positions at the average index price in the half-hour before the futures trading stops. Any outstanding orders will be canceled automatically. Users with open positions in this market should adjust their strategies and close positions before February 23, 2025, at 08:00 UTC to avoid automatic settlement. 4) Starting from February 23, 2025, at 08:00 UTC, Gate will suspend the deposit, withdrawal, and trading services for PARSIQ Token (PRQ), including PRQ_USDT spot trading pair, quantitative grid trading, Simple Earn, and margin trading. 5) Users who have active quantitative grid trading positions for PARSIQ Token (PRQ) should adjust their trading strategies beforehand. Otherwise, the trades will be terminated automatically before February 23, 2025, at 08:00 UTC. 6) Users who have PARSIQ Token (PRQ) assets in Simple Earn may manually redeem them in advance. Otherwise, the assets will be liquidated before February 23, 2025, at 08:00 UTC. 7) Users who have outstanding PARSIQ Token (PRQ) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before February 23, 2025, at 08:00 UTC. 8) New Reactive Network (REACT) Token ID: 0x817162975186d4D53dBF5a7377dd45376e2D2fc5 (ERC20) It is important to note that Gate will no longer support PARSIQ Token (PRQ). The listing time for Reactive Network (REACT) will be announced separately after Gate completes the listing review. Project Team’s Announcement: https://blog.reactive.network/reactive-mainnet-launch-react-tge/ **Gateway to Crypto** Trade over 3,700 cryptocurrencies safely, quickly, and easily on Gate • Visit our Official Website • Download Gate App / Web now • Follow us on Gate X (Twitter) to get more bonuses • Join our Telegram to discuss hot topics • Join our Global Community to get more updates • We provide 100% proof of reserves • Sign up to enjoy max. $10,000 in rewards exclusively for new users • Get 40% commission from referrals Gate Team February 20, 2025

Gate Supports PARSIQ Token (PRQ) Migration to Reactive Network (REACT)

Gate Supports PARSIQ Token (PRQ) Migration to Reactive Network (REACT)