Honeywell xStock(HONX) will resume trading on Gate on July 3, completing technical maintenance and adjusting the pegging relationship.

Gate News, based on the official announcement from Gate on July 3, 2026, Gate has completed the technical maintenance of Honeywell xStock (HONX) and will resume HONX deposit, withdrawal, and trading services at 21:30 (UTC+8) on July 3, 2026.

During this maintenance, Gate handled the impact of corporate actions on the underlying asset, Honeywell (HON) stock. HON stock has completed a 2:1 reverse stock split, with every 2 shares of HON merged into 1 share of HON; simultaneously, Honeywell Aerospace (HONA) was spun off and listed, with shareholders of every 2 shares of HON receiving 1 share of HONA stock. Therefore, in the stock market, 2 shares of HON are adjusted to 1 share of HON plus 1 share of HONA.

To maintain market continuity and token system stability, the HONX token itself has not undergone any merge or split, and the total token supply and user holdings remain unchanged. The peg relationship of HONX has been adjusted: before the adjustment, 1 HONX token was approximately equal to 1 share of HON stock. After HON stock completed the 2:1 reverse stock split, the token issuer performed approximately a 1:2 forward split to adjust the peg relationship. After the adjustment, 1 HONX token continues to represent approximately 1 share of HON stock (currently approximately 0.99906 shares of HON stock). Users' HONX holdings and the net asset value represented by each token remain continuous.