STACS Swap to GATE Goes Live

As the GSX Group gets ready for the launch of the GSX Group Native STACS Mainnet, the creation of the Global Asset Tokenised Ecosystem (G.A.T.E) token is now complete.  

The GATE token has been developed as an upgrade to the existing ERC20 STACS token in order for it to be  utilised on the GSX Group Native STACS Network, and brings the token in-line with future growth plans of the GSX Group. 

STACS token to GATE token swap (ERC20 to STACS Mainnet) is now available

STACS SWAP DETAILS

STACS token to GATE token swap ratio is 1:1.

There is no deadline for the token swap.  

In order to swap tokens persons simply log onto the GBX-DAX, then follow the link and instructions as per the swap page (https://exchange.gbx.global/swap).

The total global GATE token total supply is 900 million which is the same as the total global STACS token supply of 900 million.  GATE tokens will not go into circulation until they have been swapped from STACS tokens via the STACS to GATE swap. STACS token to GATE token swap is irreversible.  STACS tokens will be burned post swap such that the total global STACS token supply will reduce in correspondence with the number of STACS tokens swapped for GATE. For example,  if 100 million STACS tokens are swapped for GATE tokens the total global supply of STACS tokens will be 800 million and the total global circulating supply of GATE tokens will be 100 million, such that the combined total global supply of STACS tokens and total global circulating supply of GATE tokens will always equal 900 million.

When the GATE token goes live GBX will de-list STACS pairs from the GBX DAX and will list GATE verses ETH, BTC and USD.

The following pairs have been delisted: 

STACS/USD

STACS/ETH

STACS/BTC

The following pairs have been created:

GATE/USD

GATE/ETH

GATE/BTC

GATE UTILITY 

When the GATE token goes live it will replace the STACS token.  GATE tokens will have the same utility as STACS tokens (as GATE tokens will replace STACS tokens as GBX’s and the GSX Group’s utility token) and will have additional utilities, including but not limited to staking rewards, that are going to be introduced in due course.

If you have any questions or queries relating to the STACS Swap, please contact: [email protected]