KuCoin Will Support the Token Swap of LaunchX (LNCHX) to LavaX (LAVAX)
Dear KuCoin Users,
KuCoin will support the token swap of the LNCHX token to the LAVAX token. We will complete the LNCHX to LAVAX token swap automatically for LNCHX holders on KuCoin.
The arrangements are as follows:
1. KuCoin will close the LNCHX deposit and withdrawal services at 08:00:00 on February 16, 2022 (UTC).
2. KuCoin will close the trading service for the LNCHX/USDT trading pair at 08:00:00 on February 17, 2022 (UTC). We recommend that you cancel your pending orders and stop your Trading Bot(s) of LNCHX as soon as possible.
3. To complete the swap, KuCoin will take snapshots of users’ LNCHX assets at 10:00:00 on February 17, 2022 (UTC). After the snapshot, we will convert the LNCHX to LAVAX at a ratio of 1:1 (1 LNCHX = 1 LAVAX).
4. Related follow-ups to this subject will be announced separately as soon as possible.
Please note:
1. Minimum holding for eligibility: 10 LNCHX;
2. The snapshots will include LNCHX balances in Spot accounts (Main Account + Trading Account).
3. LNCHX tokens that were in pending deposit or withdrawal at the time of the snapshots will not be counted towards your LNCHX balance.
4. After the swap is completed, the LNCHX token will no longer 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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