Cryptocurrency change OKX has introduced its help for the upcoming RNDR token migration to RENDER, in response to the official plan set by Render Community. The migration will happen at a 1:1 ratio and follows a structured schedule to make sure a easy transition for customers.
Migration Schedule
The migration course of is slated to begin on July 9, 2024. As a part of the process, all pending orders for RNDR tokens can be canceled, and the RNDR spot buying and selling pairs RNDR/USDT and RNDR/USDC can be suspended at 8:00 am UTC on the identical day. Subsequently, RNDR transfers, deposits, and withdrawals can be halted at 10:00 am UTC.
An account snapshot, which is essential for the migration, will happen at 4:00 pm UTC. This snapshot will embody each OKX funding and buying and selling accounts. Following the migration, new token RENDER deposits, withdrawals, and spot buying and selling can be enabled, with the precise opening time to be introduced individually.
Essential Issues
OKX has outlined a number of key factors for customers to notice in the course of the migration:
- RNDR tokens which can be within the means of being withdrawn or aren’t efficiently deposited on the time of the snapshot won’t be included within the migration.
- For RNDR tokens held in sub-accounts, the migrated RENDER tokens can be transferred to the principle account as soon as the method is full.
- Holdings of lower than 1 RNDR (excluding open orders) won’t be included within the migration.
Threat Warning
OKX has issued a danger warning to its customers, emphasizing that the knowledge offered is for informational and academic functions solely. The change doesn’t assure the accuracy or completeness of the knowledge and advises customers to conduct their very own analysis and assess their danger urge for food earlier than buying and selling digital property. Digital property are extremely speculative and topic to vital volatility, and buyers might lose all the worth of their funding.
For additional particulars, customers can discuss with OKX’s Phrases of Service and Threat & Compliance Disclosure.
The OKX crew has made it clear that they don’t seem to be liable for any losses incurred from buying and selling digital property. For inquiries, customers can contact the help middle or join with OKX on varied platforms.
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