[//]:content-type-MARKDOWN-DONOT-DELETE According to the Stepwatch (SWP) project team, SWP tokens will be migrated to the new contract on a 1:1 ratio based on a snapshot to be taken on August 14, 2023, 08:00 A.M. UTC. Unfortunately, Gate.io will not be able to facilitate this token swap for users. To prevent any potential losses, users are advised to withdraw their SWP tokens before the official snapshot time of August 14, 2023, 08:00 A.M. UTC and conduct the swap themselves. We apologize for any inconvenience caused by not being able to offer a convenient and effortless swap service for all users. We will suspend the trading services for SWP, including liquidity mining and quantitative trading, starting from August 11, 2023, 03:00 A.M. UTC. After the delisting, Gate.io will continue to provide withdrawal services for SWP for one month. To ensure a smooth transition, users are advised to withdraw your Stepwatch (SWP) tokens to your personal wallets as soon as possible. **Details:** 1) Gate.io has disabled the deposit service for SWP. 2) Gate.io will suspend the trading service for SWP, including liquidity mining and quantitative trading, on August 11, 2023, 03:00 A.M. UTC. 3) Users who have in-progress SWP quantitative trading should adjust your trading strategies beforehand. Otherwise, the strategies will be terminated automatically by August 11, 2023, 03:00 A.M. UTC. 4) Users who have provided liquidity for SWP in the liquidity mining pool should withdraw the liquidity in advance. Otherwise the liquidity will be automatically redeemed by August 11, 2023, 03:00 A.M. UTC. 5) After the SWP trading market is delisted, Gate.io will continue to provide withdrawal services for SWP for one month. Tokenomics: Total Supply of the old SWP: 500 million Total Supply of the new SWP: 1 billion Allocation of the old SWP tokens: Investment：25% IDO/IEO: 1% Partner: 2% Tournament: 5% Marketing: 5% Rewards M2E: 40% Liquidity Pool: 10% Development: 2% Team: 10% Allocation of the new SWP tokens: Investment：12.5% IDO/IEO: 0.5% Partner: 1% Tournament: 5% Marketing: 5% Rewards M2E: 60% Liquidity Pool: 10% Development: 1% Team: 5% **Please be aware that after the swap, the tokenomics of the SWP project will change, resulting in a different total supply of new tokens. Users who do not wish to participate in the swap are recommended to consider selling your SWP tokens before trading is closed. Gate.io will no longer support the old SWP tokens. Users are strongly advised to withdraw your SWP tokens promptly and conduct the swap on your own before the official snapshot time of August 14, 2023, 08:00 A.M. UTC.** Withdraw SWP: https://www.gate.io/myaccount/withdraw/SWP Project team announcement: https://medium.com/stepwatchglobal/stepwatch-rebranding-announcement-1bdc4b0b9071 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 10,2023