[//]:content-type-MARKDOWN-DONOT-DELETE According to the Cryptofi (CRYPTOFI) team, Cryptofi (CRYPTOFI) will be migrated to the new smart contract at a ratio of 1:1 based on the snapshot to be taken on August 4, 2023, 06:00 A.M. UTC. Gate.io fully supports the migration and will swap tokens for users. If your Cryptofi (CRYPTOFI) tokens are currently on Gate.io, you don’t need to do anything in particular. **Details:** 1) Gate.io has suspended the deposit and withdrawal services for Cryptofi (CRYPTOFI). 2) Gate.io will suspend Cryptofi (CRYPTOFI) trading services, including spot trading and quantitative trading, on August 2, 2023, 06:00 A.M. UTC. 3) Users who have in-progress Cryptofi (CRYPTOFI) quantitative trading should adjust their trading plans beforehand. Otherwise, the plans will be terminated automatically by August 2, 2023, 06:00 A.M. UTC. 4) Contract address for new Cryptofi (CRYPTOFI): 0x42fe18001d1fc598fb28ad98d1bbd0b290b952a6 (ETH) Tokenomics: Total Supply of the old CRYPTOFI: 1,000,000,000,000 Total Supply of the new CRYPTOFI: 1,000,000,000,000,000 Allocation of old CRYPTOFI tokens: Gaming wallet: 9% (Unlocked) Airdrop for community rewards: 9% (Unlocked) Rewards: 9% (Unlocked) NFT: 9% (Unlocked) Development: 9% (Unlocked) Locked: 50% Initial circulation: 5% Allocation of new CRYPTOFI tokens: Airdrop swap: 0.0605% (Unlocked) Gaming wallet: 0.0125% (Locked for 12 months, monthly release thereafter) Development: 0.007% (Locked for 12 months, monthly release thereafter) Team: 0.003% (Locked for 12 months, monthly release thereafter) NFT Roster: 0.006% (Locked for 12 months, monthly release thereafter) Airdrop for community rewards: 0.011% (Locked for 12 months, monthly release thereafter) Locked: 99.9% (Locked for 6 months, 2% release monthly after that) **Please note that after the swap, the tokenomics of Cryptofi (CRYPTOFI) project will change, and the total supply of the new token will increase by 1,000 times. The 99.9% new Cryptofi (CRYPTOFI) tokens will be locked, with only 0.1% circulating. The lockup period will be 6 months, with 2% release monthly after that. Users who do not wish to participate in the swap are advised to sell their tokens before the trading closes. Gate.io will no longer support the old Cryptofi (CRYPTOFI) tokens. The listing time for the new Cryptofi (CRYPTOFI) tokens will be announced later when Gate.io completes the listing review.** Project team announcement: https://twitter.com/CFI_Token/status/1678412090086764546 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/Gateio_Inst 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 August 1,2023