[//]:content-type-MARKDOWN-DONOT-DELETE According to the LABS Group (LABS) team, the LABS Group (LABS) token will be migrated to the new smart contract at a ratio of 1:1. Gate.io fully supports the migration and will implement the token swap for users. If your $LABS tokens are currently on Gate.io, you don’t need to do anything in particular. **Details:** 1) Gate.io has closed the deposit and withdrawal of $LABS. 2) The deposit and withdrawal of the new $LABS token will be available after the swap is completed. 3) During the swap, the trading of $LABS will not be affected. 4) New $LABS contract address: 0x510Ca7D22A84599e7d0f15F09E674056a6255389（BSC) **Note: After the swap, Gate.io will support the deposit and withdrawal of the new $LABS token. The old $LABS token will not be supported.** LABS Group (LABS) Official Announcement: https://labsgroupio.medium.com/token-swap-important-updates-c786c23c6acb Gateway to Crypto Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io [Sign up](https://www.gate.io/signup "Sign up") to enter the crypto gateway and get 40% commission from [referrals](https://www.gate.io/referral "referrals") [Download iOS/Android App](https://www.gate.io/mobileapp?ch=ann27560 "Download iOS/Android App") right now. Reach out to us! Twitter: https://twitter.com/gate_io GateVIP Twitter: https://twitter.com/GateioVIP Telegram: https://t.me/gate_io API Telegram: https://t.me/gateioapi Instagram: https://www.instagram.com/gateioglobal Medium: https://gateio.medium.com/ Podcast: https://gateio.buzzsprout.com/?ch=buzzs Gate.io Team March 16, 2023