Gate.io announcement regarding support for Open Custody Protocol (OPEN) to Levva Protocol Token (LVVA) token migration

According to the official announcement of the Open Custody Protocol (OPEN), Open Custody Protocol (OPEN) will be migrated to Levva Protocol Token (LVVA) at a ratio of 1:1. Gate.io will support this token migration and provide token migration services to users. Users on the platform do not need to take any action to complete the migration.

Gate.io The following steps will be taken for the migration:

1. Gate.io will suspend the deposit, withdrawal, and trading services of the Open Custody Protocol (OPEN) at 11:00 on March 3, 2025 (UTC+8), including OPEN_USDT spot trading pairs and quantitative grid trading.
2. If there is a quantitative trading strategy in execution, please adjust the strategy in advance. Otherwise, it will be forcibly stopped before 11:00 on March 3, 2025 (UTC+8). 3）Levva Protocol Token (LVVA) new token contract address: 0x6243558a24CC6116aBE751f27E6d7Ede50ABFC76 (ERC20)

Please note that Gate.io will no longer support the old Token of Open Custody Protocol (OPEN). The new Token of Levva Protocol Token (LVVA) will be announced separately after the completion of the Token online audit.

Official Announcement: https://x.com/OpenCustody/status/1889605017004290353

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gate February 28, 2025