KuCoin Will Support the Token Swap of CrytoGPT (GPT) to LayerAI (LAI)
05/23/2023, 14:39:53
Dear KuCoin Users,
KuCoin will support the token swap of the GPT token to the LAI token. We will complete the GPT to LAI token swap automatically for GPT holders on KuCoin.
The arrangements are as follows:
1. KuCoin will close the GPT deposit and withdrawal services at 08:00:00 on May 24, 2023 (UTC).
2. KuCoin Trading Bot will automatically stop the running bots of GPT/USDT at 07:45:00 on May 25, 2023(UTC), including Spot Grid, Infinity Grid, Martingale, DCA, and Smart Rebalance.
3.KuCoin will close the trading service for the GPT/USDT trading pair at 08:00:00 on May 25, 2023 (UTC). We recommend that you cancel your pending orders of GPT as soon as possible.
4.To complete the swap, KuCoin will take snapshots of users’ GPT assets at 10:00:00 on May 25, 2023 (UTC). After the snapshot, we will convert the GPT to LAI at a ratio of 1:1 (1 GPT = 1 LAI).
Related follow-ups to this subject will be announced separately as soon as possible.
Please note:
1. Minimum holding for eligibility: 44 GPT;
2. The snapshots will include GPT balances in Spot accounts (Main Account + Trading Account).
3. GPT tokens that were in pending deposit or withdrawal at the time of the snapshots will not be counted towards your GPT balance.
4. After the swap is completed, the GPT token will no longer be supported on KuCoin.
For further information on the token swap, please refer to the Official Announcement.
Regards,
The KuCoin Team
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