Gate Completes DeRace (DERC) to zkRace (ZERC) Token Migration

According to the DeRace (DERC) project team, the DeRace (DERC) token has been swapped for zkRace (ZERC) at a 1:1 ratio. Gate has successfully completed the asset swap, and users can now view the details in their Transaction History. Trading for the new $ZERC token will commence on May 21, 2024, 10:00 A.M. UTC.

Swap Ratio: 1:1
Trading Start Time: May 21, 2024, 10:00 A.M. UTC
New $ZERC Token ID:
0xf8428A5a99cb452Ea50B6Ea70b052DaA3dF4934F (ETH)

For more information, please refer to our previous announcement titled “Gate Supports DeRace (DERC) to zkRace (ZERC) Token Migration”.

It is important to note that Gate no longer supports the old $DERC token. However, the deposit and withdrawal services for the new $ZERC token will be supported. As the market for new $ZERC token may experience significant fluctuations after trading resumes, we strongly advise users to be aware of the associated risks and exercise caution.

Deposit $ZERC: https://www.gate.com/myaccount/deposit/ZERC
Trade $ZERC: https://www.gate.com/trade/ZERC_USDT

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Gate Team
May 20th, 2024