Cryptocurrency exchange OKX has announced its support for the upcoming RNDR token migration to RENDER, in accordance with the official plan set by Render Network. The migration will be carried out at a 1:1 ratio and will follow a systematic schedule to ensure a smooth transition for users.
Migration Schedule
The migration process is scheduled to begin on July 9, 2024. As part of this process, all pending orders for RNDR tokens will be canceled and RNDR spot trading pairs RNDR/USDT and RNDR/USDC will be suspended at 8:00 UTC on the same day. After that, RNDR transfers, deposits, and withdrawals will be suspended at 10:00 UTC.
The account snapshot that is important for migration will be taken at 4:00 PM UTC. This snapshot includes both OKX funding and trading accounts. After the migration, new token RENDER deposits, withdrawals, and spot trading will be available, and the specific opening time will be announced separately.
Important Considerations
OKX has outlined some key points that users should keep in mind during the migration.
- RNDR tokens that are in the process of being withdrawn or not successfully deposited at the time of the snapshot will not be included in the migration.
- For RNDR tokens held in sub-accounts, once the process is complete, the migrated RENDER tokens will be transferred to the main account.
- Holdings of less than 1RNDR (excluding unfilled orders) are not included in the migration.
Danger warning
OKX issued a risk warning to users, emphasizing that the information provided is for informational and educational purposes only. The exchange does not guarantee the accuracy or completeness of the information, and advises users to conduct their own research and assess their risk tolerance before trading digital assets. Digital assets are highly speculative and subject to significant volatility, and investors may lose the entire value of their investment.
For more information, users are encouraged to refer to the OKX Terms of Service and Risk and Compliance Disclosure.
The OKX team has made it clear that they are not responsible for any losses resulting from digital asset trading. If you have any questions, users can contact the support center or connect to OKX on various platforms.
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