Bitkub Exchange to Support Token Migration of dYdX (DYDX) from ERC-20 Network to dYdX Network

Following the new operations plan issued by the token issuer of DYDX (reference), Bitkub Exchange (“The Company”) will support the token migration of dYdX (DYDX) from the Ethereum network (ERC-20) to dYdX network (Mainnet). Please see the details below.

Change of network 

• Current network: Ethereum (ERC-20)

• New network: dYdX (Mainnet)

Token ratio after the migration

• DYDX tokens on the ERC-20 network will be automatically migrated to the dYdX network at a ratio of 1:1.

Schedule

• Bitkub Exchange will further announce the schedules for related processes to migrate DYDX tokens from the ERC-20 network to the dYdX network including the deposit, withdrawal, and trading (buy-sell) termination/activation of DYDX tokens on the ERC-20 network to dYdX network respectively on our official communication channels. Please follow us closely for more updates.

• The Company will automatically migrate the DYDX tokens on the ERC-20 network stored in all Bitkub Exchange wallets to the dYdX network; customers who hold DYDX tokens on Bitkub Exchange do not need to process anything concerning this change. Once the token migration is completed, the DYDX tokens will be stored in DYDX wallets in the dYdX network on Bitkub Exchange.

• If you do not consent to Bitkub Exchange migrating your DYDX tokens (ERC-20) in your Bitkub wallet to DYDX tokens (dYdX), please consider managing your digital assets carefully before the said token changes according to the schedule that will be announced further.

For more information about the token migration announced by the token issuer, please click here.

Remarks:

• Please follow us for official updates and consider managing your DYDX holding on the ERC-20 network properly before the deactivation of deposit, withdrawal, and trading of DYDX on the ERC-20 network according to the schedule which will be announced further.

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

• Bitkub Exchange reserves the right in its sole discretion to amend or change these announcement details, and we will notify you further if there is any change.

• Please consider the risks before trading and beware of the price volatility.

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

• Digital assets involve risks; investors should study information carefully and make investments according to own risk profile.
  
  

Thank you for your continued support.