KuCoin Will Support The Polkadot (DOT) Redenomination

2020/08/07 16:09:14

picture[data-cms-leading-picture="true"]{display:none!important}

Dear KuCoin Users,

KuCoin will support the Polkadot (DOT) redenomination. To ensure the smooth release of the DOT redenomination, KuCoin will suspend deposit and withdrawal services for DOT from 19:15 on 21 August, 2020 to 23:15 on 21 August, 2020 (UTC+8).

According to the Polkadot blog post, Polkadot (DOT) will undergo a redenomination from its original sale at 21:15 on 21 August, 2020 (UTC+8, Block 1,248,328). New DOT will be 100x smaller than the current DOT. Therefore, your DOT balance will be 100x higher and the price per DOT will be 100x lower. The number of DOT you own relative to total supply will be unchanged. This will not affect the total value of your position.

Polkadot (DOT) official announcement: https://medium.com/polkadot-network/the-results-are-in-8f6b1ca2a4e6

Related follow-up to this project will be announced separately.

Thank you all for your support!

The KuCoin Team