HomeCoinsDigitalBits (XDB)TOKEN-SWAP CUT-OFF Date is 7th of October, 2022, at 8 AM UTC...

TOKEN-SWAP CUT-OFF Date is 7th of October, 2022, at 8 AM UTC | by Sara Sciusco | DigitalBitsOrg | Oct, 2022

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Dear community,

KuCoin has completed the integration of the DigitalBits mainnet chain and will automatically swap digitalbits ERC-20 (XDB) with digitalbits mainnet tokens (XDB) on a 1:1 basis for their users.

Furthermore, KuCoin:

  • Will be the last participating exchange to support the DigitalBits token swap. It is not expected that other participating exchanges will support DigitalBits token-swap beyond this date.
  • KuCoin has set the cut-off date on October 7, 2022 at 08:00 AM (UTC) (end of DigitalBits token swap as per previous communication), and will stop accepting deposits and withdrawals for digitalbits ERC20 XDB tokens by that date

IMPORTANT: If you haven’t swapped digitalbits ERC20 (XDB) tokens prior to this date on any other participating exchanges and you miss to deposit them on KuCoin on October 7, 2022 at 08:00 AM (UTC) you will no longer be able to use or redeem them. All digitalbits mainnet swapped tokens will increase digitalbits mainnet circulating token supply while all digitalbits ERC-20 swapped tokens will be burnt and decrease the digitalbits ERC-20 circulating supply.

Starting today, a daily countdown will commence to make sure everyone is aware of the upcoming cut-off date and the associated risk of not meeting this timeline. This date sets the end of the digitalbits ERC-20 (XDB) tokens while digitalbits mainnet (XDB) becomes widely distributed across the DigitalBits ecosystem. To reassure the whole DigitalBits community, the team will continue to actively support the educational process via the official DigitalBits Telegram channel, addressing any queries you may have.

Note: If you own digitalbits ERC-20 tokens (XDB) in your non-custodial Ethereum wallet (e.g. Metamask, Trezor, Ledger), you must swap them by following these instructions above.

Disclaimer: if you do not swap digitalbits ERC-20 (XDB) tokens with digitalbits mainnet (XDB) you will no longer be able to use, redeem or exchange your ERC-20 tokens by any means. DigitalBits Foundation will not be responsible for any missed token-swap. As of the cut-off date the digitalbits ERC-20 (XDB) token will be progressively removed from token tracking websites and will be replaced by digitalbits mainnet (XDB).

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