KuCoin will upgrade VEN into VET

Dear KuCoin Users:

In accordance with the VeChain’s requirements, KuCoin will upgrade VEN into VET in the coming days.

The upgrade schedule is as follows:

1. KuCoin will close the deposit and withdrawal services of VEN permanently at 16:00 (UTC+8), on July 27, 2018, to begin the upgrade process.
2. During the upgrade, please do not deposit VEN tokens to KuCoin, or your assets will fail to be deposited.
3. KuCoin will close trading of all VEN trading pairs at 16:00 (UTC+8), July 28, 2018.
4. To complete the upgrade, KuCoin will take snapshots of users’ VEN assets at 16:00 (UTC+8), July 28, 2018.  After the snapshot, we will convert VEN into VET at a ratio of 1:100. (1 VEN = 100 VET).
5. After upgrading, we will open the transaction services of VET at 16:00 (UTC+8), July 31, 2018, and delist all the VEN trading pairs.
6. Once the MainNet becomes stable, KuCoin will release an announcement to notify users when deposit and withdrawal services of VET will open.

Thank you for your support!

The KuCoin Team