Bitkub Exchange to Support Network Change of Injective (INJ) Token

To enhance the functionality and efficiency of the Injective (INJ) token per the operational plan of the INJ token issuer (reference) and for our customers’ benefit, Bitkub Exchange will support the network change of the INJ token. Please see the details below.

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

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

2. INJ deposits and withdrawals on the Ethereum Network are available on Bitkub Exchange until 13 November 2024 at 02:00 PM (GMT+7) only.

3. Customers who engage in INJ deposits and withdrawals:

• Please avoid making INJ deposits and withdrawals on the Ethereum Network on 13 November 2024 at 02:00 PM (GMT+7).

• After the mentioned date and time, please deposit and withdraw INJ tokens via the Injective Network only. If you carry out an INJ 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 and we do not guarantee that the asset recovery will be achievable.

• To avoid any potential issues, please follow the guidance provided in this announcement.

4. Token Migration

• INJ tokens on ERC-20 will be automatically migrated to the Injective Network at a ratio 1:1.

Schedule

• Deactivation of INJ deposit and withdrawal on Ethereum (ERC-20) Network
  13 November 2024 at 02:00 PM (GMT+7)

• Activation of INJ deposit and withdrawal on Injective Network
  13 November 2024 at 02:00 PM (GMT+7) onwards
  ** Please make sure to use a wallet that supports the token and transfer via the Injective Network only.

Remarks:

• The reference announcement mentioned in this article was solely set and clarified by the Injective team.

• Transferring INJ to an unsupported wallet may result in asset loss, and Bitkub Exchange reserves the right not to recover the tokens in such cases.

• Please consider the risks before trading INJ 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 using the information in this notice.

• Please rest assured that your assets are stored securely in accordance with the strict digital asset storage policy, and the storage of our customers’ assets complies with all related laws and regulations.

• The Company reserves the right at 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.