KuCoin Will Support the Token Swap of DeRace (DERC) to zkRace (ZERC)

KuCoin Will Support the Token Swap of DeRace (DERC) to zkRace (ZERC)

05/13/2024, 09:01:16

Dear KuCoin Users,

KuCoin will support the token swap of the DERC token to the ZERC token. We will complete the DERC to the ZERC token swap automatically for DERC holders on KuCoin.

The arrangements are as follows:

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

2. KuCoin Trading Bot will automatically stop the running bots of DERC/USDT at 08:45:00 on May 13, 2024 (UTC), including Spot Grid, Infinity Grid, Martingale, DCA, and Smart Rebalance.

3.KuCoin will close the trading service for the DERC/USDT trading pair at 09:30:00 on May 13, 2024 (UTC). We recommend that you cancel your pending orders of DERC as soon as possible.

4.To complete the swap, KuCoin will take snapshots of users’ DERC assets at 16:00:00 on May 13, 2024 (UTC). After the snapshot, we will convert the DERC to the ZERC at a ratio of 1:1 (1 DERC = 1 ZERC).

Related follow-ups to this subject will be announced separately as soon as possible.

Please note:

1. Minimum holding for eligibility: 5 DERC;

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

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

4. After the swap is completed, the DERC 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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