According to the SmaugsNFT (SMG) team，SmaugsNFT is migrating to Avalanche with a new token and new brand name. Gate.io will support this token migration and swap tokens for users. If your SMG tokens are on Gate.io, you don’t need to do anything in particular.

Below are more details:
1) Starting June 12,04:00 AM UTC, Gate.io will close the SMG deposits and withdrawals.
2) Starting June 12,04:00 AM UTC,Gate.io will take SMG trading (spot, grid trading and liquidity mining) offline and cancel all open orders and conduct token swap.
Users who have SMG liquidity provision should remove the liquidity before Jun 12.
Users who have SMG grid trading should adjust their trading strategies beforehand. Any SMG quantitative trading will be canceled on Jun 12.
3) When Gate.io receives the new tokens from the SMG team we will distribute them to eligible users.

Deposit SMG via
https://www.gate.io/myaccount/deposit/SMG
Trade SMG via
https://www.gate.io/trade/SMG_USDT
https://www.gate.io/trade/SMG_ETH
Learn more
https://t.me/smaugsannouncement/1239
https://smaugsnft.medium.com/smaugs-avalanche-subnet-migration-3699c78d8aa9



Gateway to Crypto
Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io

Sign up to enter the crypto gateway and get 40% commission from referrals
Download iOS/Android App right now.

Reach out to us!
Twitter: https://twitter.com/gate_io
Telegram: https://t.me/gateio
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Podcast: https://gateio.buzzsprout.com/?ch=buzzs

Gate.io Team
June 10, 2022