OKX Supports RNDR Token Migration to RENDER
OKX, a prominent cryptocurrency exchange, has announced its backing for the upcoming RNDR token migration to RENDER, in accordance with Render Network’s official plan. This migration will occur at a 1:1 ratio and will be executed following a structured schedule to ensure a seamless transition for users.
Migration Schedule
The migration process is set to kick off on July 9, 2024. As part of this process, all outstanding orders for RNDR tokens will be voided, and trading pairs RNDR/USDT and RNDR/USDC will be temporarily suspended at 8:00 am UTC on the same day. Furthermore, RNDR transfers, deposits, and withdrawals will cease at 10:00 am UTC.
- An essential account snapshot will be taken at 4:00 pm UTC to facilitate the migration. This snapshot will encompass both OKX funding and trading accounts. Subsequent to the migration, transactions involving the new token RENDER, including deposits, withdrawals, and spot trading, will be activated, with the specific commencement time to be announced separately.
Crucial Points to Note
OKX has outlined several important considerations for users to bear in mind during the migration:
- Any RNDR tokens in the process of withdrawal or those that fail to deposit successfully by the time of the snapshot will not be included in the migration.
- For RNDR tokens held in sub-accounts, the migrated RENDER tokens will be transferred to the primary account upon completion of the process.
- Holdings of less than 1 RNDR (excluding open orders) will not be part of the migration.
Risk Advisory
OKX has issued a risk advisory to its users, emphasizing that the information provided is for educational and informational purposes exclusively. The exchange does not assure the accuracy or comprehensiveness of the information and advises users to conduct their own research and evaluate their risk tolerance prior to engaging in digital asset trading. Digital assets are highly speculative and prone to substantial volatility, which could result in investors losing the entire value of their investment.
For additional information, users are encouraged to refer to OKX’s Terms of Service and Risk & Compliance Disclosure.
The OKX team has explicitly stated that they do not bear responsibility for any losses incurred through digital asset trading. Should users have any inquiries, they can reach out to the support center or engage with OKX on various platforms.
Hot Take: Prepare for a Smooth Transition
As an avid participant in the crypto space, it’s essential to stay informed about upcoming token migrations like the RNDR to RENDER transition supported by OKX. By adhering to the outlined schedule and considerations, you can ensure a hassle-free and efficient migration process, safeguarding your assets and investments. Remember to conduct thorough research, exercise caution, and reach out to OKX for any clarifications or assistance, as you navigate the evolving landscape of digital assets. Stay proactive and informed to make the most of this transition seamlessly!
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