[//]:content-type-MARKDOWN-DONOT-DELETE According to the official announcement from the Frax Share (FXS) team, Frax Share (FXS) tokens have been migrated to Frax (FRAX) at a ratio of 1 : 1. Gate has successfully completed the asset swap, and users can now view the details in your Transaction History. Gate will soon enable deposits for FRAX, with trading set to commence at 06:00 (UTC) on June 25, 2025. Withdrawal services will follow shortly after. Swap Ratio: 1 FXS : 1 FRAX **Trading Start Time: June 25, 2025, at 06:00 UTC** Frax (FRAX) Token ID: Mainnet Please note that once the migration is complete, the new token will enter an inflation phase. Starting from the first year after migration, the annual inflation rate will be 8%, decreasing by 1% annually for five years, and stabilizing at 3%. The total inflation is estimated to be around 40%. Gate no longer supports the old Frax Share (FXS) tokens. Deposit and withdrawal services for the new Frax (FRAX) tokens will be supported. Once trading resumes, please be aware of potential market volatility and exercise caution when placing orders. Deposit Frax (FRAX) at: https://www.gate.com/myaccount/deposit/FRAX Trade Frax (FRAX) in USDT Market Via: https://www.gate.com/trade/FRAX_USDT Official announcement: https://x.com/fraxfinance/status/1917204290906820682 Thank you for your support and trust in Gate. If you have any questions or require assistance, please feel free to contact our customer support team. Gate Team June 24th, 2025 **Gateway to Crypto** Trade over 3,500 cryptocurrencies safely, quickly, and easily on Gate **Take Action Now** Sign up and claim up to $10,000 in welcome rewards Invite friends and earn a 40% commission **Stay Connected** Visit Gate's official website Download the Gate App | Desktop Follow us on X (Twitter) to get more bonuses Join our Telegram community to discuss trending topics Engage with our global community for the latest insights **Transparency & Security** Check our 100% Proof of Reserves

Gate Has Completed Frax Share (FXS) Migration to Frax (FRAX)