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Bitfinex’s Support for Contract Conversion of Stargate Finance (STG) Cancelled

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According to the official announcement, Bitfinex previously announced its support for the contract conversion of Stargate Finance (STG), which is expected to ta

Bitfinex’s Support for Contract Conversion of Stargate Finance (STG) Cancelled

According to the official announcement, Bitfinex previously announced its support for the contract conversion of Stargate Finance (STG), which is expected to take place on March 15. Therefore, STG token recharge and withdrawal will be suspended on March 13. However, after the initial announcement, the Stargate Foundation proposed a new proposal to cancel the reissue of any STG, which was unanimously approved after a vote. Therefore, the STG contract with the contract address on the Ethereum network remains unchanged.

Bitfinex has resumed Stargate Finance (STG) recharge and withdrawal

Analysis based on this information:


Bitfinex, a popular cryptocurrency exchange, had previously announced its support for the contract conversion of Stargate Finance (STG) on March 15. However, due to a new proposal from the Stargate Foundation, Bitfinex subsequently cancelled its plan to support the conversion. The new proposal was unanimously approved by the Foundation’s members. As a result, the STG contract with the contract address on the Ethereum network remains unchanged.

The announcement suggests that Bitfinex’s initial plans for the contract conversion were impacted by the decision made by the Stargate Foundation. The Foundation’s proposal to cancel the reissue of any STG tokens was deemed more suitable and apt by its members. Since Bitfinex had already shown its support for the contract conversion of STG, it was essential to provide clarity to its users regarding the changes in the plan.

Bitfinex, being a popular exchange platform, guarantees the security and transparency of transactions made on its platform. The exchange’s support for the contract conversion of STG was significant to its users. This decision was rendered significant, especially since it contributed to the smooth running of cryptocurrency transactions on its platform. Despite Bitfinex’s decision to cancel its plan, the Foundation’s proposal ensured that the STG contract on the Ethereum network remained unaffected.

In conclusion, the Stargate Foundation’s proposal to cancel the reissue of any STG tokens was unanimously approved after a vote. As a result, Bitfinex’s support for the contract conversion of STG was cancelled. However, this decision would not have an impact on cryptocurrency transactions on its platform. The Ethereum network’s STG contract address remains unchanged, ensuring that the users of the STG remain unaffected.

Therefore, the title is “Bitfinex’s Support for Contract Conversion of Stargate Finance (STG) Cancelled”, and the keywords are Bitfinex, Stargate Finance (STG), Contract Conversion, and Ethereum Network.

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