KuCoin Will Support the Mainframe (MFT) Token Swap to Hifi Finance (HIFI)
22/02/2023 15:07:08
Dear KuCoin Users，
KuCoin will support the Mainframe (MFT) token swap to Hifi Finance (HIFI) and complete the token swap automatically for MFT holders.
The arrangements for the swap are as follows:
1. KuCoin will close the MFT withdrawal and deposit services at 08:00:00 on February 21, 2023 (UTC). Therefore, please leave sufficient time for your MFT transfers to be fully processed before this time.
2. KuCoin Trading Bot will stop MFT/USDT and MFT/BTC running bots including Spot Grid, Infinity Grid, Martingale, Smart Rebalance and DCA at 07:00:00 on February 22, 2023 (UTC).
3. KuCoin will delist all existing MFT spot trading pairs (i.e., MFT/USDT and MFT/BTC) at 08:00:00 on February 22, 2023 (UTC). We recommend that you cancel your pending orders of MFT as soon as possible.
4. To complete the upgrade, KuCoin will take snapshots of users’ MFT assets at 12:00:00 on February 22, 2023 (UTC). After the snapshot, we will convert MFT into HIFI at a ratio of 1:0.01 (1 MFT = 0.01 HIFI).
Related follow-ups to this subject will be announced separately as soon as possible.
Please note:
1. Minimum holding for eligibility: 200 MFT
2. The snapshots will include MFT balances in Spot accounts (Main Account + Trading Account).
3. MFT tokens in pending deposit or withdrawal at the time of the snapshots will not be counted towards your MFT balance.
4. After the swap’s completion, the MFT 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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