Bitkub Exchange to Support ENJ Token Migration to Relay Chain (Mainnet)

Referring to the launch of the Relay Chain (Mainnet) of Enjin Coin (ENJ) to enhance the functionality and efficiency (Reference), for the benefit of our customers, Bitkub Exchange will support and automatically migrate ENJ tokens from the Ethereum (ERC-20) Network to Relay Chain (Mainnet) for ENJ holders on our system. Please see related details below.

1. Customers who only trade or have ENJ tokens on Bitkub Exchange without making any ENJ deposits or withdrawals

• No action is required, and the customers can continue trading ENJ tokens as usual.

2. The deposits and withdrawals of ENJ on the Ethereum Network are available on Bitkub Exchange until 22 February 2024 at 01:00 PM (GMT+7) only.

3. Customers who engage in ENJ deposits and withdrawals

• Please avoid making ENJ deposits and withdrawals on the Ethereum Network on 22 February 2024 at 01:00 PM (GMT+7).
• After the mentioned date and time, please deposit and withdraw ENJ tokens via the Relay Chain (Mainnet) only. If you carry out an ENJ transaction on an unsupported network, there is a possibility of asset loss or the assets may not be credited to the recipient's wallet. In this case, please contact Bitkub Support for assistance or to request asset recovery. Please note that fees may be applicable for asset recovery.
• To avoid any potential issues, please follow the guidance provided in this announcement.

Migration of Enjin Coin (ENJ)

• Bitkub Exchange will deactivate the ENJ deposit and withdrawal systems on the Ethereum Network (ERC-20) and activate the ENJ deposit and withdrawal systems on the Relay Chain (Mainnet) (see schedule below). In the meantime, you can trade ENJ as usual.
• The swapping ratio of ENJ on ERC-20 to ENJ on Mainnet is 1:1.
• The name and symbol of ENJ will not be changed after the deposit and withdrawal systems on the Relay Chain (Mainnet) are activated.

Schedule

• Deactivation of ENJ deposit and withdrawal on Ethereum (ERC-20) Network
  22 February 2024 at 01:00 PM (GMT+7) 
• Activation of ENJ deposit and withdrawal on Relay Chain (Mainnet)
  22 February 2024 at 01:00 PM (GMT+7)
  ** Please make sure to use a wallet that supports the token and transfer via the Relay Chain (Mainnet) only.

Remarks:

• The reference announcement mentioned in this article was solely set and clarified by the Enjin team.
• Transferring ENJ to an unsupported wallet may result in asset loss, and Bitkub Exchange reserves the right not to recover the tokens in such cases.
• For more information about ENJ network migration, please visit https://enjin.io/blog/enjin-token-migration-faqs.
• Please consider the risks before trading ENJ and beware of the price volatility.
• Investments in digital assets contain high risks. Please be advised to research properly and thoroughly, and make a careful decision before taking any action, especially during the volatility of the digital asset market. Please note that the Company is not responsible for any loss or damage, or profit and loss from investing in digital assets related to this announcement and/or from the use of the information contained in this notice.
• Please rest assured that your assets are stored securely following the strict digital asset storage policy, and the storage of our customers complies with all related laws and regulations.
• The Company reserves the right in its sole discretion to amend or change these announcement details, and we will further notify you if there is any change.

Thank you for choosing Bitkub Exchange.