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KuCoin Will Support the Token Reduction Swap of Spendcoin (SPND) From SPND to STRK

KuCoin Will Support the Token Reduction Swap of Spendcoin (SPND) From SPND to STRK

04/19/2021, 07:01:07

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Dear KuCoin Users,

KuCoin will support the Spendcoin (SPND) token reduction swap to Strike (STRK). We will start the upgrade and complete the SPND to STRK token swap automatically for SPND holders on KuCoin.

The arrangements are as follows:

  1. KuCoin will suspend the SPND withdrawal and deposit services at 14:00:00 on April 19, 2021 (UTC).
  2. KuCoin will close the trading service for the SPND/ETH and SPND/BTC trading pairs at 8:00:00 on April 20, 2021 (UTC).We recommend that you cancel your pending orders of SPND as soon as possible.
  3. To complete the upgrade, KuCoin will take snapshots of users’ SPND assets at 16:00:00 on April 20, 2021 (UTC+8). After the snapshot, we will convert the SPND into STRK at a ratio of 1,000:1 (1,000 SPND = 1 STRK).
  4. KuCoin will open the STRK deposit service at 2:00:00 on May 4, 2021 (UTC).
  5. KuCoin will open the trading service for the STRK/ETH and STRK/BTC trading pairs and STRK withdrawal service at 8:00:00 on May 7, 2021 (UTC).

Please note:

  • Minimum holding for eligibility: 10 SPND;
  • The snapshots will include SPND balances in Spot accounts (Main Account + Trading Account).
  • SPND tokens that were pending deposit or withdrawal at the time of the snapshots will not count towards your SPND balance.
  • After the token swap is complete, the Spendcoin (SPND) will not be supported on KuCoin.

For further information on the token swap, please refer to the Official Announcement.

Regards,

The KuCoin Team

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