Bitkub Exchange to Support Dai (DAI) Upgrading to USDS (USDS)

Following the new operations plan of the DAI's token issuer (reference), Bitkub Exchange (“Company”) will support the upgrading of the Dai (DAI) to USDS (USDS) tokens. Please see the details below.

1. Network: Ethereum (ERC-20) (Remain unchanged)

2. Change of token name

• Current token: Dai (DAI)

• New token: USDS (USDS)

3. Change of token symbol

The logo of the USDS token that will appear on the platform of Bitkub Exchange is shown below.

4. Token ratio after upgrading DAI to USDS

According to DAI’s guideline, DAI tokens will be upgraded to USDS tokens at a ratio of 1:1 (1 DAI : 1 USDS).

5. Schedule

• Termination of DAI Deposit, Withdrawal, and Trading Systems for Token Upgrade

26 June 2025 at 10:00 AM (GMT+7) onwards

• Activation of USDS Deposit, Withdrawal, and Trading Systems

Will be announced further. Please follow us for more information.

Attention:

• DAI trading is available until the Company begins the token upgrade according to the above details and schedule.

• The Company will migrate the DAI tokens stored on Bitkub Exchange to USDS tokens automatically; customers who hold DAI tokens on Bitkub Exchange do not need to process anything concerning this token migration and upgrade. Once the token migration is completed, the USDS tokens will be stored in USDS wallets on Bitkub Exchange.

• If you do not consent to Bitkub Exchange to migrate your DAI tokens in your Bitkub wallet to USDS tokens, please consider managing your digital assets carefully before we begin the said token migration.

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

Remarks:

• 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.

• *The details regarding token migration of Maker (MKR) to Sky (SKY), as specified in the operational guidelines from the token issuer (reference), will be provided later. Please follow us for more information. 

• The prices of DAI and USDS tokens may differ. Please consider managing your digital assets carefully before the migration of DAI to USDS tokens begins as per this announcement.

• The asset price may fluctuate due to market mechanisms. Please do research and make a careful investment decision.

• The criteria and conditions mentioned in the referred announcement of the DAI team are determined by the DAI team solely.

• Cryptocurrency and digital tokens involve high risks; investors may lose all investment money and should study information carefully and make investments according to their own risk profile.

Thank you for your trust and continued support.