According to the official announcement from the Launch coin on Believe (LAUNCHCOIN) team, the current LAUNCHCOIN tokens will be migrated to Believe (BELIEVE) token at a 1 LAUNCHCOIN : 1 BELIEVE ratio. Gate will support this token migration and provide swap service for users. User’s LAUNCHCOIN tokens on Gate will be automatically swapped.
Gate Will Take the Following Steps:
- Gate has suspended the deposit service for Launch coin on Believe (LAUNCHCOIN).
- By 07:30 UTC on October 25, 2025, the LAUNCHCOIN/USDT futures trading will be set to “reduce-only” mode. If you have active positions, please adjust your strategy in advance.
- At 08:00 UTC on October 25, 2025, All LAUNCHCOIN/USDT positions will be automatically settled based on the average index price from the last 30 minutes before suspension. All unfilled orders will be canceled. Please close your positions before this time to avoid forced settlement.
- Gate will suspend leveraged tokens LAUNCHCOIN3S and LAUNCHCOIN3L at 08:00 UTC on October 25, 2025, while simultaneously removing quantitative trading bots and all unfilled orders. The platform will repurchase users' held tokens based on the net asset value of the tokens at the time trading is halted. Users' leveraged token holdings will be automatically converted to USDT and distributed to their accounts within 7 business days. It is recommended that users proactively manage their assets in advance.
- For users with active quantitative trading strategies involving LAUNCHCOIN, please adjust strategies in advance. All active strategies will be forcibly terminated before 08:00 UTC on October 25, 2025.
- At 03:00 UTC on October 26, 2025, Gate will suspend LAUNCHCOIN withdrawal and trading services, including the LAUNCHCOIN_USDT spot pair and quantitative grid trading.
- New Believe (BELIEVE) ID: BLVxek8YMXUQhcKmMvrFTrzh5FXg8ec88Crp6otEaCMf (SOL)
For more details on this token migration, please refer to the official announcement:
https://x.com/believeapp/status/1978518886166245463
Please note that Gate will no longer support the old LAUNCHCOIN tokens after the migration. The listing time for Believe (BELIEVE) will be announced separately after Gate completes the listing review.
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.
Thank you for your support and trust in Gate . If you have any questions or need assistance, please feel free to contact our customer service team.
Gate Team
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