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KuCoin Will Support LockTrip (LOC) Token Swap to Hydra Chain

KuCoin Will Support LockTrip (LOC) Token Swap to Hydra Chain

11/20/2020, 08:19:44

Dear KuCoin Users,

KuCoin will support the LockTrip (LOC) ERC20 to LockTrip (LOC) HRC20 swap from Ethereum to the Hydra. The expected launch time of Hydra mainnet will be on November 20, 2020 (UTC+8).

The arrangements are as follows:

  1. KuCoin will close the trading services for the ERC20 LOC/BTC and LOC/ETH trading pairs at 18:00:00 on November 20, 2020 (UTC+8). We recommend that you cancel your pending orders of LOC as soon as possible.
  2. To complete the upgrade, KuCoin will take snapshots of users’ LOC assets at 18:00:00 on November 20, 2020 (UTC+8). After the snapshot, we will convert the ERC20 LOC into the Hydra based HRC20 LOC at a ratio of 1:1 (1 ERC20 LOC = 1 HRC20 LOC).
  3. KuCoin will then integrate the Hydra Chain and enable support for the new HRC20 LOC token and open the new HRC20 LOC deposit service at 18:00:00 on December 14, 2020 (UTC+8).
  4. KuCoin will open the trading services for the HRC20 LOC/ETH and HRC20 LOC/BTC trading pair and HRC20 LOC withdrawal service at 18:00:00 on December 15, 2020 (UTC+8).

*Related follow-ups to this subject will be announced separately.

Thanks for your support!

The KuCoin Team