KuCoin Will Support the Dypius (DYP) Token Migration

KuCoin Will Support the Dypius (DYP) Token Migration

2023/11/29 04:00:40

Dear KuCoin Users,

KuCoin will support the Dypius (DYP) token migration and automatically complete the token swap from the old Dypius (DYP) to the new Dypius (DYP) for holders on KuCoin.

The arrangements are as follows:

1.The deposit and withdrawal service for DYP will remain closed.

2. The DYP/USDT and DYP/ETH trading bots have automatically stopped running at 02:45:00 on November 29, 2023 (UTC), including Spot Grid, Infinity Grid, Martingale, DCA, and Smart Rebalance.

3. KuCoin will close the trading service for the DYP/USDT and DYP/ETH trading pairs at 03:00:00 on November 30, 2023 (UTC). We recommend that you cancel your pending orders of DYP as soon as possible.

4. To complete the swap, KuCoin will take snapshots of users’ DYP assets at 07:00:00 on November 30, 2023 (UTC). After the snapshot, we will convert the old DYP to the new DYP at a ratio of 1:6 (1 old DYP = 6 new DYP).

5. KuCoin will open the DYP deposit and withdrawal service at 03:00:00 on December 19, 2023 (UTC).

6. KuCoin will open the trading service for the DYP/USDT and DYP/ETH trading pairs at 03:00:00 on December 19, 2023 (UTC).

Notes:

1. Minimum holding for eligibility: 5 DYP;

2. The snapshots will include DYP balances in Spot accounts (Main Account + Trading Account).

3. DYP tokens that were in pending deposit or withdrawal at the time of the snapshots will not be counted towards your DYP balance.

4. After the swap is completed, the old DYP token will no longer be supported on KuCoin.

For further information on the token swap, please refer to the Official Announcement.

Thanks for your support!

The KuCoin Team


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