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FAQs

As part of strategic repositioning, the GSX Group is selling GBX to Mine Digital, an Australian based digital asset exchange, in order to focus on its core competencies within digital securities markets starting with Labuan, Malaysia that we are working towards opening in H1 2021.

Mine Digital is a licensed Australian based digital asset exchange and brokerage firm. The exchange business aims to be one of the leading crypto-fiat exchanges in the APAC region and is developing a variety of derivative markets for both retail and wholesale investors. You can read more about Mine Digital Here: https://minedigital.exchange/about/

GBX will be sold to Mine Digital on 31 January 2021.  Mine Digital will not continue operations under the GBX banner, they will use their own platform technology, meaning several key changes to the GBX exchange platform in the lead up to 31 January 2021:

  • 13 January 2021:
  • STACS/GATE swapping will be halted 
  • New account registrations will be discontinued
  • Token and fiat deposits will be deactivated
  • 20 January 2021:
  • All trading will cease on the exchange
  • 29 January 2021:
  • GBX-DAX (Digital Asset Exchange) will be closed
  • Withdrawals will be stopped
  • All customer accounts will be closed

 

On 29 January 2021 all customer accounts will be closed.  Customers will be required to go to Mine Digital to activate their accounts. Information on account opening with Mine Digital can be found here: https://minedigital.exchange/faq/how-to-open-your-mine-account/ 

Customers have until 29 January 2021 to withdraw their tokens and fiat from their GBX account.  After 29 January 2021 any fiat and/or tokens that have not been withdrawn will be held by Mine Digital.  Customers will be required to open an account with Mine Digital to be allocated their token and/or fiat balances on their Mine Digital account.  Information on account opening with Mine Digital can be found here: https://minedigital.exchange/faq/how-to-open-your-mine-account/.  De minimus token and fiat balances on customer accounts below GBX’s minimum withdrawal amounts will be converted to GBP and will be donated to a Gibraltar charity after the GBX-DAX has been closed.

As from 13 January 2021 all STACS/GATE swapping will be halted, all new account registrations will be discontinued and token and fiat deposits will be deactivated.  On 20 January 2021 all trading will cease on exchange and on 29 January 2021 the GBX-DAX will be closed, withdrawals will be stopped and all customer accounts will be closed.

GBX will close on 29 January 2021, at that time all withdrawals will be stopped and customer accounts will be closed. Remaining assets will be transferred to Mine Digital

Trading pairs will cease on the exchange on 20 January 2021, and customers will no longer be able to trade.

Trading pairs will cease on the exchange on 20 January 2021, and customers will no longer be able to trade. 

A de minimus balance is any balance of tokens and/or fiat below GBX’s minimum withdrawal amounts.

You can withdraw your assets by logging into your GBX-DAX account and withdraw in the normal way.  If you are having problems withdrawing tokens and/or fiat from your account please contact [email protected]

Remaining assets held in GBX-DAX accounts when the GBX-DAX is closed that are above GBX’s minimum withdrawal amounts in value will be transferred to Mine Digital.  Persons can obtain an account at Mine Digital by following their registration process which can be found here: https://trade.minedigital.exchange/register, account holders will be reunited with their assets in their new Mine Digital account. 

You can register for an account at Mine Digital, in preparation for the closure of GBX here: https://trade.minedigital.exchange/register 

You cannot register/open an account with Mine Digital please contact us at [email protected].

If you have submitted KYC documentation in order to register for a new GBX-DAX account, all account creation has been discontinued, and no new accounts will be registered/opened. If your KYC was related to access an existing account, please contact [email protected] from the email address linked to your account.

Following feedback from our community, we have minted an ERC-20 GATE token: Ethereum Transaction Hash (Txhash) Details | Etherscan.   The ERC-20 GATE token will be the sole utility token of the GSX Group; uniting our community back under one utility token. 

We listen to our community who have told us that their preference is to have an ERC-20 utility token; they wish to be able to self-custody their tokens; they wish to be able to control the transmission of their tokens via a public blockchain network.

Mine Digital will list ERC-20 GATE tokens; they intend to do so during March 2021.

 

ERC-20 GATE tokens will have a number of utilities within the GSX Group’s digital securities markets strategy, including but not limited to, on-chain fees, staking and rewards.  Full details of ERC-20 GATE token utility will be provided within the GATE Token Whitepaper that will be released during Q1 2021.

The total global supply of ERC-20 GATE tokens is 900 million; the same as the total circulating global supply of STACS and GATE Mainnet tokens. 

STACS and GATE Mainnet tokens will be swapped to ERC-20 GATE tokens via a 1:1 swap ratio, and will processed via a combination of airdrop or transfer to Mine Digital summarised as follows:

  • If you hold STACS tokens outside of the GBX-DAX in an ERC-20 wallet, no action is required; ERC-20 GATE tokens will be airdropped into your ERC-20 wallet.
  • If you hold STACS tokens on the GBX-DAX, you have a choice, you can either: 
  • withdraw your STACS tokens following which we will airdrop your ERC-20 GATE tokens into your ERC-20 wallet; or 
  • do nothing and your ERC-20 GATE tokens will be transferred to Mine Digital.
  • If you hold GATE Mainnet tokens on the GBX-DAX, you have a choice, you can either:
  • submit a withdrawal request and we will airdrop your ERC-20 GATE tokens into your ERC-20 wallet; or 
  • do nothing and your ERC-20 GATE tokens will be transferred to Mine Digital.

 

As from 13 January 2021, STACS and GATE Mainnet tokens cease to be utility tokens of the GSX Group; the ERC-20 GATE token is the new utility token of the GSX Group.  

As from 13 January 2021, STACS and GATE Mainnet tokens cease to be utility tokens of the GSX Group; the ERC-20 GATE token is the new utility token of the GSX Group reuniting all token holders under a ERC-20 GATE token.  

If you hold STACS tokens outside of the GBX-DAX in an ERC-20 wallet, no action is required; ERC-20 GATE tokens will be airdropped into your ERC-20 wallet.  

If you hold STACS tokens on the GBX-DAX, you have a choice, you can either: 

  • withdraw your STACS tokens following which we will airdrop your ERC-20 GATE tokens into your ERC-20 wallet; or 

do nothing and your ERC-20 GATE tokens will be transferred to Mine Digital.

As from 13 January 2021, STACS and GATE Mainnet tokens cease to be utility tokens of the GSX Group; the ERC-20 GATE token is the new utility token of the GSX Group reuniting all token holders under a ERC-20 GATE token. 

If you hold GATE Mainnet tokens on the GBX-DAX, you have a choice, you can either:

  • submit a withdrawal request and we will airdrop your ERC-20 GATE tokens into your ERC-20 wallet; or 
  • do nothing and your ERC-20 GATE tokens will be transferred to Mine Digital.

As from 13 January 2021, STACS and GATE Mainnet tokens cease to be utility tokens of the GSX Group; the ERC-20 GATE token is the new utility token of the GSX Group.   Mainnet GATE tokens, issued on the GSX Group Native STACS Network, cannot be withdrawn.

The ERC-20 GATE token airdrop is the distribution of the ERC-20 GATE token to all STACS token holders who hold their STACS tokens outside the GBX-DAX.  If you hold STACS tokens and/or GATE Mainnet tokens on the DAX you have the option to withdraw/submit a withdrawal request and receive an ERC-20 GATE token airdrop or do nothing and your ERC-20 GATE token will be transferred to Mine Digital

The airdrop does not cost you anything.  GBX pays for the airdrop. 

There are a number of independent wallet providers available, one example is My Ether Wallet (MEW): https://www.myetherwallet.com/  The set-up process is quick and easy to follow, allowing you to set up a private wallet within minutes. 

The GSX Group management team that drives the digital securities strategy including GATE token utility, led by Nick Cowan, CEO, is focused on delivering the digital securities strategy and remains 100% committed to GATE tokens, and GATE token holders.

For enquiries regarding GBX, customer accounts, tokens/fiat on your account, and/or STACS and GATE tokens, please contact us via email at [email protected].