Gate.io announcement on the refund of BAC Games (BACGAMES) shares pre-order and delist

GateAnnouncement · 2025-03-06T04:52:33+00:00

gate terminates the Startup share reservation activity for the BAC Games project due to the Token price being lower than the reserved price. gate will bear the loss and fully refund the participants. Token deposit and trading services are temporarily suspended, and Token delisting is underway. Holdings users can apply for buyback. Users are reminded to withdraw in time to avoid losses. gate will stop the withdrawal service on April 5th. gate indicates that it will more strictly screen projects to provide more potential investment opportunities.

GateAnnouncement

2025-03-06 04:52:33

Abstract generation in progress

Due to the project party of BAC Games (BACGAMES) failing to meet the expected milestones or being affected by other uncontrollable factors, the original Startup Share Reservation event as planned has not proceeded. After careful evaluation, Gate.io has decided to terminate this reservation event. Currently, the market performance of BAC Games (BACGAMES) has not met expectations, and its Token price has fallen below the reserved price. In order to maximize the security of your assets, Gate.io will bear all related losses and refund the full amount of Tokens you participated in reserving to your account within 7 working days. You can check the bill details for refund information. Considering the current progress of the project and market performance, Gate.io has decided to delist the BAC Games (BACGAMES) Token.

Gate.io will take the following steps:

Gate.io has suspended the deposit service for the related Token.
Gate.io will suspend the trading service of relevant Tokens, including relevant spot trading pairs and quantitative grid, at 11:00 on March 12, 2025 (UTC+8).
If there is a quantitative trading strategy in progress, please adjust the strategy in advance. Otherwise, it will be forcibly stopped before 11:00 on March 12, 2025 (UTC+8).
After the delisting of the trading market, users holding Token should withdraw their Token as soon as possible if they do not want to participate in the buyback, in order to avoid any losses. After March 20, 2025, users who still hold positions in Gate.io can submit a form to apply for repurchase. Gate.io will repurchase at a price of 0.0006USDT, and the maximum individual compensation amount is 1000USDT. Users please fill out the following form to submit the application from 00:00 (UTC+8) on March 20, 2025, to 00:00 (UTC+8) on March 27, 2025.

Form link: https://www.gate.io/zh/questionnaire/6298

Please note that Gate.io will stop the withdrawal service on April 5, 2025. After the service stops, the asset will be delisted in the wallet. To avoid affecting your asset usage, please withdraw as soon as possible. Gate.io has always been committed to providing you with high-quality and secure digital asset trading services. In the future, we will be more strict in screening projects to bring you more potential investment opportunities. We sincerely thank you for your understanding and support.

**Gate of Cryptocurrency** Safe, fast, and easy trading of over 3,700 cryptocurrencies

• Visit the Gate.io official website • Download Gate.io App / PC version • Follow X (Twitter) to receive welfare benefits • Join the Telegram community to discuss hot topics • Join the global community to get the latest information • View 100% Proof of Reserves • New users Sign up now to enjoy up to $10,000 in welcome gifts • Existing users can get 40% commission by inviting others to register Invite

Gate.io March 5, 2025

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.